RateGain Travel Technologies Lists At 15% Discount Over Issue Price

New Delhi: Shares of RateGain Travel Technologies made a weak debut at the exchanges on Friday. The stock got listed at Rs 360 on the NSE index, a 15.29 per cent discount over its issue price of Rs 425. On BSE, the scrip started trading at Rs 364.80.

The Software as a Service (SaaS) company's initial share sale witnessed a strong response from investors, with the issue subscribed 17.41 times on the last day of the offer on December 9.

All the categories, including those for Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs), were oversubscribed.