Smart investors should quickly pocket any listing gains in RateGain and wait for a correction in the secondary market to enter with a long-term perspective
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
RateGain Technologies is launching its IPO at a time when technology is ruling the world. Being the largest Software as a Service (SaaS) company in the hospitality and travel industry in India, investor interest is palpable. While, prima facie, the company is on a growth highway, fuelled by multiple acquisitions and more in the pipeline, the inorganic moves have suppressed the financial performance. Although there is a TINA (there is no alternative) factor for this IPO, the pricing of the…
