Anand Rathi IPO vs Star Health IPO

Comparision between Anand Rathi IPO and Star Health IPO.

IPO Details

Anand Rathi IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Star Health IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Anand Rathi IPO	Star Health 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	Anand Rathi Securities Limited Bnp Paribas Equirus Capital Private Limited Iifl Securities Ltd	Ambit Private Limited Axis Capital Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Credit Suisse Securities (India) Private Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Iifl Securities Ltd Jefferies India Private Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	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 Anand Rathi IPO is up to ₹660.00 Cr whereas the issue size of the Star Health IPO is up to ₹7,249.18 Cr. The final issue price of Anand Rathi IPO is ₹550.00 per share and of Star Health IPO is ₹900.00 per share.

	Anand Rathi IPO	Star Health IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹530.00 per share	₹870.00 per share
Issue Price (Upper)	₹550.00 per share	₹900.00 per share
Issue Price (Final)	₹550.00 per share	₹900.00 per share
Discount (Retail)
Discount (Employee)	₹25.00 per share	₹80.00 per share
Market Lot Size	27 shares	16 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹2,000.00 Cr
OFS Issue Size	1,20,00,000 shares	5,83,24,225 shares
OFS Issue Size (Amount)	up to ₹660.00 Cr	up to ₹5,249.18 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹660.00 Cr	up to ₹7,249.18 Cr

IPO Timetable

Anand Rathi IPO opens on Dec 02, 2021, while Star Health IPO opens on Nov 30, 2021. The closing date of Anand Rathi IPO and Star Health IPO is Dec 06, 2021, and Dec 02, 2021, respectively.

	Anand Rathi IPO	Star Health IPO
Anchor Bid Date
Issue Open	Dec 02, 2021	Nov 30, 2021
Issue Close	Dec 06, 2021	Dec 02, 2021
Basis Of Allotment (Tentative)	Dec 09, 2021	Dec 07, 2021
Initiation of Refunds (Tentative)	Dec 10, 2021	Dec 08, 2021
Credit of Share (Tentative)	Dec 13, 2021	Dec 09, 2021
Listing date (Tentative)	Dec 14, 2021	Dec 10, 2021
Anchor Lockin End date 1	Jan 08, 2022	Jan 06, 2022
Anchor Lockin End date 2	Mar 09, 2022	Mar 07, 2022

Financials

Anand Rathi IPO P/E ratio is , as compared to Star Health IPO P/E ratio of .

Anand Rathi IPO

Star Health IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,023.24	3,394.42	4,090.64	2,308.27
Total Revenue	1,689.03	2,792.48	3,364.14	2,841.87
Profit After Tax	510.88	450.95	616.14	584.33

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Sep-21	30-Sep-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	49,749.42	21,008.88	44,665.72	18,967.69	16,426.35
Total Revenue	- 4,946.80	3,343.05	- 9,077.76	4,619.61	2,262.54
Profit After Tax	- 3,802.69	1,992.87	- 8,255.81	2,680.02	1,282.26

Promoter Shareholding (Pre-Issue)

74.73%

66.22%

Promoter Shareholding (Post-Issue)

48.82%

58.42%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Anand Rathi IPO retail investors (RII) are offered 41,12,500 shares while in Star Health IPO retail investors are offered 41,12,500 shares. Qualified institutional buyers (QIB) are offered 23,50,000 shares in Anand Rathi IPO and 2,38,30,602 shares in Star Health IPO.

	Anand Rathi IPO	Star Health IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	23,50,000 shares	2,38,30,602 shares
NII	17,62,500 shares	1,19,15,300 shares
RII	41,12,500 shares	79,43,533 shares
Employee	2,50,000 shares	12,19,512 shares
Others
Total	84,75,000 shares	4,49,08,947 shares

Bids Received (Subscription)

Anand Rathi IPO subscribed 9.78x in total, whereas Star Health IPO subscribed 0.79x.

	Anand Rathi IPO	Star Health IPO
QIB (times)	2.50x	1.03x
NII (times)	25.42x	0.19x
Big NII (times)
Small NII (times)
RII (times)	7.76x	1.10x
Employee (times)	1.32x	0.10x
Other (times)
Total (times)	9.78x	0.79x

Compare with others

Anand Rathi IPO	Star Health IPO
Metro Brands IPO	Data Patterns IPO
Shriram Properties IPO	RateGain IPO
Data Patterns IPO	MapmyIndia IPO
RateGain IPO	Anand Rathi IPO
MapmyIndia IPO	Tega Industries IPO
Tega Industries IPO	GoColors IPO
Star Health IPO	Tarsons Products IPO
GoColors IPO	Latent View Analytics IPO
Tarsons Products IPO	Sapphire Foods IPO
Latent View Analytics IPO	Sigachi Industries IPO

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