Rategain Travel submits papers

Rategain Travel Technology has filed draft papers with markets regulator Sebi to raise funds through an initial share sale. The IPO comprises a fresh issue of equity shares, aggregating up to 400 crore and an offer for sale (OFS) of up to 2.26 crore shares by promoters and existing shareholders, according to the draft red herring prospectus. The OFS comprises a sale of 1.71 crore shares by Wagner, up to 40.44 lakh shares by Bhanu Chopra and up to 12.94 lakh shares by Megha Chopra and up to 1.52 lakh shares by Usha Chopra.