Medplus Health IPO vs RateGain IPO

Comparision between Medplus Health IPO and RateGain IPO.

IPO Details

Medplus Health IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RateGain IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Medplus Health IPO	RateGain IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Credit Suisse Securities (India) Private Limited Edelweiss Financial Services Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Iifl Securities Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Medplus Health IPO is up to ₹1,398.30 Cr whereas the issue size of the RateGain IPO is up to ₹1,335.74 Cr. The final issue price of Medplus Health IPO is ₹796.00 per share and of RateGain IPO is ₹425.00 per share.

	Medplus Health IPO	RateGain IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹780.00 per share	₹405.00 per share
Issue Price (Upper)	₹796.00 per share	₹425.00 per share
Issue Price (Final)	₹796.00 per share	₹425.00 per share
Discount (Retail)
Discount (Employee)	₹78.00 per share	₹40.00 per share
Market Lot Size	18 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹375.00 Cr
OFS Issue Size		2,26,05,530 shares
OFS Issue Size (Amount)	up to ₹798.30 Cr	up to ₹960.74 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹1,398.30 Cr	up to ₹1,335.74 Cr

IPO Timetable

Medplus Health IPO opens on Dec 13, 2021, while RateGain IPO opens on Dec 07, 2021. The closing date of Medplus Health IPO and RateGain IPO is Dec 15, 2021, and Dec 09, 2021, respectively.

	Medplus Health IPO	RateGain IPO
Anchor Bid Date
Issue Open	Dec 13, 2021	Dec 07, 2021
Issue Close	Dec 15, 2021	Dec 09, 2021
Basis Of Allotment (Tentative)	Dec 20, 2021	Dec 14, 2021
Initiation of Refunds (Tentative)	Dec 21, 2021	Dec 15, 2021
Credit of Share (Tentative)	Dec 22, 2021	Dec 16, 2021
Listing date (Tentative)	Dec 23, 2021	Dec 17, 2021
Anchor Lockin End date 1	Jan 19, 2022	Jan 13, 2022
Anchor Lockin End date 2	Mar 20, 2022	Mar 14, 2022

Financials

Medplus Health IPO P/E ratio is , as compared to RateGain IPO P/E ratio of .

Medplus Health IPO

RateGain IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	17,464.94	15,656.58	13,486.96	9,587.11
Total Revenue	18,908.99	30,908.14	28,878.87	22,849.40
Profit After Tax	663.67	631.11	17.94	119.22

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in Millions)
	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,281.89	4,398.04	3,971.08	2,849.02
Total Revenue	1,312.23	2,640.91	4,576.13	2,727.00
Profit After Tax	- 83.37	- 285.75	- 201.04	110.34

Promoter Shareholding (Pre-Issue)

43.16%

67.29%

Promoter Shareholding (Post-Issue)

40.43%

56.72%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Medplus Health IPO retail investors (RII) are offered 62,51,965 shares while in RateGain IPO retail investors are offered 62,51,965 shares. Qualified institutional buyers (QIB) are offered 35,72,550 shares in Medplus Health IPO and 93,93,424 shares in RateGain IPO.

	Medplus Health IPO	RateGain IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	35,72,550 shares	93,93,424 shares
NII	26,79,414 shares	46,96,711 shares
RII	62,51,965 shares	31,31,141 shares
Employee	71,225 shares	1,29,870 shares
Others
Total	1,25,75,154 shares	1,73,51,146 shares

Bids Received (Subscription)

Medplus Health IPO subscribed 52.59x in total, whereas RateGain IPO subscribed 17.41x.

	Medplus Health IPO	RateGain IPO
QIB (times)	111.90x	8.42x
NII (times)	85.33x	42.04x
Big NII (times)
Small NII (times)
RII (times)	5.24x	8.08x
Employee (times)	3.05x	1.37x
Other (times)
Total (times)	52.59x	17.41x

Compare with others

Medplus Health IPO	RateGain IPO
Delhivery IPO	Medplus Health IPO
AGS Transact IPO	HP Adhesives IPO
CMS Info Systems IPO	Metro Brands IPO
Tracxn Technologies IPO	Shriram Properties IPO
Supriya Lifescience IPO	Data Patterns IPO
HP Adhesives IPO	MapmyIndia IPO
Metro Brands IPO	Anand Rathi IPO
Shriram Properties IPO	Tega Industries IPO
Data Patterns IPO	Star Health IPO
RateGain IPO	GoColors IPO

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