RateGain IPO vs Star Health IPO

Comparision between RateGain IPO and Star Health IPO.

IPO Details

RateGain 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.

	RateGain 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	Iifl Securities Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt 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	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 RateGain IPO is up to ₹1,335.74 Cr whereas the issue size of the Star Health IPO is up to ₹7,249.18 Cr. The final issue price of RateGain IPO is ₹425.00 per share and of Star Health IPO is ₹900.00 per share.

	RateGain IPO	Star Health IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹405.00 per share	₹870.00 per share
Issue Price (Upper)	₹425.00 per share	₹900.00 per share
Issue Price (Final)	₹425.00 per share	₹900.00 per share
Discount (Retail)
Discount (Employee)	₹40.00 per share	₹80.00 per share
Market Lot Size	35 shares	16 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹375.00 Cr	up to ₹2,000.00 Cr
OFS Issue Size	2,26,05,530 shares	5,83,24,225 shares
OFS Issue Size (Amount)	up to ₹960.74 Cr	up to ₹5,249.18 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹1,335.74 Cr	up to ₹7,249.18 Cr

IPO Timetable

RateGain IPO opens on Dec 07, 2021, while Star Health IPO opens on Nov 30, 2021. The closing date of RateGain IPO and Star Health IPO is Dec 09, 2021, and Dec 02, 2021, respectively.

	RateGain IPO	Star Health IPO
Anchor Bid Date
Issue Open	Dec 07, 2021	Nov 30, 2021
Issue Close	Dec 09, 2021	Dec 02, 2021
Basis Of Allotment (Tentative)	Dec 14, 2021	Dec 07, 2021
Initiation of Refunds (Tentative)	Dec 15, 2021	Dec 08, 2021
Credit of Share (Tentative)	Dec 16, 2021	Dec 09, 2021
Listing date (Tentative)	Dec 17, 2021	Dec 10, 2021
Anchor Lockin End date 1	Jan 13, 2022	Jan 06, 2022
Anchor Lockin End date 2	Mar 14, 2022	Mar 07, 2022

Financials

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

RateGain IPO

Star Health 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-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)

67.29%

66.22%

Promoter Shareholding (Post-Issue)

56.72%

58.42%

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 Star Health IPO retail investors are offered 31,31,141 shares. Qualified institutional buyers (QIB) are offered 93,93,424 shares in RateGain IPO and 2,38,30,602 shares in Star Health IPO.

	RateGain IPO	Star Health IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	93,93,424 shares	2,38,30,602 shares
NII	46,96,711 shares	1,19,15,300 shares
RII	31,31,141 shares	79,43,533 shares
Employee	1,29,870 shares	12,19,512 shares
Others
Total	1,73,51,146 shares	4,49,08,947 shares

Bids Received (Subscription)

RateGain IPO subscribed 17.41x in total, whereas Star Health IPO subscribed 0.79x.

	RateGain IPO	Star Health IPO
QIB (times)	8.42x	1.03x
NII (times)	42.04x	0.19x
Big NII (times)
Small NII (times)
RII (times)	8.08x	1.10x
Employee (times)	1.37x	0.10x
Other (times)
Total (times)	17.41x	0.79x

Compare with others

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Star Health IPO	Sapphire Foods IPO
GoColors IPO	Sigachi Industries IPO

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