RateGain IPO vs Tega Industries IPO

Comparision between RateGain IPO and Tega Industries IPO.

IPO Details

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

	RateGain IPO	Tega Industries 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	Iifl Securities Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited Jm Financial Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 RateGain IPO is up to ₹1,335.74 Cr whereas the issue size of the Tega Industries IPO is up to ₹619.23 Cr. The final issue price of RateGain IPO is ₹425.00 per share and of Tega Industries IPO is ₹453.00 per share.

	RateGain IPO	Tega Industries IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹405.00 per share	₹443.00 per share
Issue Price (Upper)	₹425.00 per share	₹453.00 per share
Issue Price (Final)	₹425.00 per share	₹453.00 per share
Discount (Retail)
Discount (Employee)	₹40.00 per share
Market Lot Size	35 shares	33 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹375.00 Cr
OFS Issue Size	2,26,05,530 shares	1,36,69,478 shares
OFS Issue Size (Amount)	up to ₹960.74 Cr	up to ₹619.23 Cr
Issue Size Total		1,36,69,478 shares
Issue Size Total (Amount)	up to ₹1,335.74 Cr	up to ₹619.23 Cr

IPO Timetable

RateGain IPO opens on Dec 07, 2021, while Tega Industries IPO opens on Dec 01, 2021. The closing date of RateGain IPO and Tega Industries IPO is Dec 09, 2021, and Dec 03, 2021, respectively.

	RateGain IPO	Tega Industries IPO
Anchor Bid Date
Issue Open	Dec 07, 2021	Dec 01, 2021
Issue Close	Dec 09, 2021	Dec 03, 2021
Basis Of Allotment (Tentative)	Dec 14, 2021	Dec 08, 2021
Initiation of Refunds (Tentative)	Dec 15, 2021	Dec 09, 2021
Credit of Share (Tentative)	Dec 16, 2021	Dec 10, 2021
Listing date (Tentative)	Dec 17, 2021	Dec 13, 2021
Anchor Lockin End date 1	Jan 13, 2022	Jan 07, 2022
Anchor Lockin End date 2	Mar 14, 2022	Mar 08, 2022

Financials

RateGain IPO P/E ratio is , as compared to Tega Industries IPO P/E ratio of .

RateGain IPO

Tega Industries IPO

Financial

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

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Jun-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	10,561.72	10,183.39	8,873.15	7,902.68
Total Revenue	1,793.86	8,566.84	6,955.42	6,430.13
Profit After Tax	118.82	1,364.05	655.04	326.70

Promoter Shareholding (Pre-Issue)

67.29%

85.17%

Promoter Shareholding (Post-Issue)

56.72%

79.17%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the RateGain IPO retail investors (RII) are offered 31,31,141 shares while in Tega Industries IPO retail investors are offered 31,31,141 shares. Qualified institutional buyers (QIB) are offered 93,93,424 shares in RateGain IPO and 27,33,896 shares in Tega Industries IPO.

	RateGain IPO	Tega Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	93,93,424 shares	27,33,896 shares
NII	46,96,711 shares	20,50,422 shares
RII	31,31,141 shares	47,84,318 shares
Employee	1,29,870 shares	0 shares
Others
Total	1,73,51,146 shares	95,68,636 shares

Bids Received (Subscription)

RateGain IPO subscribed 17.41x in total, whereas Tega Industries IPO subscribed 219.04x.

	RateGain IPO	Tega Industries IPO
QIB (times)	8.42x	215.45x
NII (times)	42.04x	666.19x
Big NII (times)
Small NII (times)
RII (times)	8.08x	29.44x
Employee (times)	1.37x
Other (times)
Total (times)	17.41x	219.04x

Compare with others

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

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