Star Health IPO vs Tega Industries IPO

Comparision between Star Health IPO and Tega Industries IPO.

IPO Details

Star Health 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.

	Star Health 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	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	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 Star Health IPO is up to ₹7,249.18 Cr whereas the issue size of the Tega Industries IPO is up to ₹619.23 Cr. The final issue price of Star Health IPO is ₹900.00 per share and of Tega Industries IPO is ₹453.00 per share.

	Star Health IPO	Tega Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹870.00 per share	₹443.00 per share
Issue Price (Upper)	₹900.00 per share	₹453.00 per share
Issue Price (Final)	₹900.00 per share	₹453.00 per share
Discount (Retail)
Discount (Employee)	₹80.00 per share
Market Lot Size	16 shares	33 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹2,000.00 Cr
OFS Issue Size	5,83,24,225 shares	1,36,69,478 shares
OFS Issue Size (Amount)	up to ₹5,249.18 Cr	up to ₹619.23 Cr
Issue Size Total		1,36,69,478 shares
Issue Size Total (Amount)	up to ₹7,249.18 Cr	up to ₹619.23 Cr

IPO Timetable

Star Health IPO opens on Nov 30, 2021, while Tega Industries IPO opens on Dec 01, 2021. The closing date of Star Health IPO and Tega Industries IPO is Dec 02, 2021, and Dec 03, 2021, respectively.

	Star Health IPO	Tega Industries IPO
Anchor Bid Date
Issue Open	Nov 30, 2021	Dec 01, 2021
Issue Close	Dec 02, 2021	Dec 03, 2021
Basis Of Allotment (Tentative)	Dec 07, 2021	Dec 08, 2021
Initiation of Refunds (Tentative)	Dec 08, 2021	Dec 09, 2021
Credit of Share (Tentative)	Dec 09, 2021	Dec 10, 2021
Listing date (Tentative)	Dec 10, 2021	Dec 13, 2021
Anchor Lockin End date 1	Jan 06, 2022	Jan 07, 2022
Anchor Lockin End date 2	Mar 07, 2022	Mar 08, 2022

Financials

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

Star Health IPO

Tega Industries IPO

Financial

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

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)

66.22%

85.17%

Promoter Shareholding (Post-Issue)

58.42%

79.17%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Star Health IPO retail investors (RII) are offered 79,43,533 shares while in Tega Industries IPO retail investors are offered 79,43,533 shares. Qualified institutional buyers (QIB) are offered 2,38,30,602 shares in Star Health IPO and 27,33,896 shares in Tega Industries IPO.

	Star Health IPO	Tega Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,38,30,602 shares	27,33,896 shares
NII	1,19,15,300 shares	20,50,422 shares
RII	79,43,533 shares	47,84,318 shares
Employee	12,19,512 shares	0 shares
Others
Total	4,49,08,947 shares	95,68,636 shares

Bids Received (Subscription)

Star Health IPO subscribed 0.79x in total, whereas Tega Industries IPO subscribed 219.04x.

	Star Health IPO	Tega Industries IPO
QIB (times)	1.03x	215.45x
NII (times)	0.19x	666.19x
Big NII (times)
Small NII (times)
RII (times)	1.10x	29.44x
Employee (times)	0.10x
Other (times)
Total (times)	0.79x	219.04x

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Tega Industries IPO	Anand Rathi IPO
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Tarsons Products IPO	GoColors IPO
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