Rategain Travel Technologies Limited — Others, 14-02-2025: Monitoring Agency Report

RateGain Travel Technologies Limited has disclosed the Monitoring Agency Report for the quarter ending December 31, 2024, prepared by HDFC Bank. The report confirms that there were no deviations in the utilization of IPO proceeds, amounting to ₹3,567.18 Cr, with all funds being used as per the Offer Document. Adjustments were made in costs, particularly for general corporate purposes, which have slightly increased due to lower actual issue expenses. This clarity on fund utilization should bolster investor confidence, reflecting a disciplined approach towards capital management and strategic growth initiatives. Positive outlook as the company continues to execute its strategic objectives effectively.