RateGain Travel IPO

You can follow these steps to apply for IPO shares of RateGain Travel or any other public issue –

Step 1: Open the Angel One app and go to the ‘Investment Opportunities’ section.

Step 2: Then, tap on ‘IPOs and FPOs’ and provide the required data.

Step 3: Next, enter your NPCI approved UPI ID.

Step 4: Finally, tap on ‘Invest’ to place your bid for RateGain Travel IPO shares.

Yes, you can apply through a bank via the ASBA process in case you don’t have a UPI ID. There, you can fill in and submit a physical form. However, you can also create a UPI ID instantly with any of the apps on the NPCI list.

Open the concerned UPI app and visit the ‘Profile’ section to find your UPI ID. You can also click here to view the screenshots showing the UPI ID-locating process on different apps.

Follow these simple steps to create your UPI ID via BHIM -

Step 1: Download and install the BHIM app. Register your mobile number and create a password to use the app.

Step 2: Choose your bank from the available list. If you have multiple bank accounts, select the one you wish to register on BHIM.

Step 3: Then, BHIM will automatically collect your bank account details.

Step 4: Next, you can create your UPI ID to apply for RateGain Travel IPO.

You can find your UPI ID later under the app’s ‘Profile’ section.

After placing a bid for RateGain Travel IPO, you are likely to receive the UPI mandate request within 15-20 minutes. However, it may take longer depending on your bank.

The possible reason for not finding your UPI ID in the Angel One app’s drop-down menu can be that it is not NPCI-approved. In that case, you will have to use or create another UPI ID with any of the apps present in the NPCI list.

The price at which RateGain Travel IPO shares will be issued to investors is called the cut-off price. This price falls within the issue’s price band and is decided during its allotment stage.

Generally, applying for an IPO at the cut-off price denotes better chances of securing an allotment as it demonstrates the investor’s willingness to purchase shares at this price.

You need to use your UPI app to approve the RateGain Travel IPO mandate request. You can click here to know about the steps for approval via top UPI platforms in detail.

If your RateGain Travel IPO application has been rejected, the possible reasons can be –

• Wrong PIN or UPI ID entry during mandate approval
• Your provided Demat account, UPI ID, and bank account are not linked with a single PAN.

Here is a quick example. If you are using your brother’s UPI ID and your Demat account to subscribe to RateGain Travel IPO, your application will get rejected because -

• Your brother's UPI ID is not linked with your PAN.
• Your brother’s bank account and your Demat account are not linked.

There is no sure-shot way to secure an IPO allotment. This is because the allotment process involves a lottery process in case of oversubscription. It is important to note that even if you apply via the Angel One platform, there can be chances of not receiving an allotment.

However, you can always increase your chances of securing an allotment in these ways -

• By placing a bid at the cut-off price.
• Make sure that your bank account, Demat account and UPI ID are all linked with a single PAN. This is a must because otherwise, your application will be rejected.

For example, individual X applies for RateGain Travel IPO using his/her own Demat account but uses individual Y’s UPI ID to pay. This application will get rejected for the following reasons –

• Individual Y’s UPI ID is not connected with individual A’s PAN
• Individual Y’s Demat account has no link with individual A’s PAN