Thursday, January 27, 2022

Upcoming two IPOs of India set to take the value to around Rs. 7,868 crore

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Next week, two initial public offerings (IPOs) valued around Rs. 7,868 crore will be launched. Star Health Insurance and Tega Industries are the two public topics we’re discussing. Big Bull and his wife Rekha Jhunjhunwala own 17.26% of Star Health and Allied Insurance Company, which is owned by Rakesh Jhunjhunwala. The IPO for Star Health Insurance will begin on November 30, 2021, while the IPO for Tega Industries will begin on December 1, 2021.

Here are some essential information about the planned IPOs this week:

Star Health Insurance IPO: The public offering of 7,249.18 crores will be on sale on November 30th, 2021, and will be ready for bidding until December 2nd, 2021. The price band for the public offering has been set at $870 to 900 per equity share, with an 80% discount available to corporate workers who apply for the public offering. A bidder will be allowed to apply in lots, with each lot containing 16 business shares. The company’s shares will be listed on both the NSE and the BSE, and the Star Health Insurance IPO is expected to take place on December 10th, 2021.

Big Bull and his wife Rekha Jhunjhunwala own shares in Star Health and Allied Insurance Company, which is backed by Rakesh Jhunjhunwala. Rakesh Jhunjhunwala owns 14 percent of the company, according to the Red Herring Prospectus (RHP) for the public offering, while his wife Rekha Jhunjhunwala holds 3.26 percent.

Tega Industries IPO: The public offer totaling 619.23 crores will start for subscription on December 1st, 2021, and will stay open till December 3rd, 2021. The price band for the public offering has been set at 443 to 453 per equity share, and it is a 100% OFS (Offer for Sale). A bidder will be allowed to apply for the public offer in lots, with each lot containing 33 business shares. Tega Industries’ shares will be listed on both the NSE and the BSE, with an anticipated share listing date of December 13th, 2021.

On whether one should subscribe to these IPOs; Avinash Gorakshkar, Head of Research at Profitmart Securities said, “The bidders are advised to keep a watch on the markets as new Covid variant has hit Indian and other global markets severely. If the Nifty goes down below 17,000 then there could be further selloff taking place in the market and in that case, these public issues will have to get opened in a bear-hit market.”

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 See the upcoming IPO list below:

IPOTentative Issue Size (In Rs. Crores)Tentative Issue Date
Go Fashion1,013.6117-Nov-2021
Tarsons Products1,023.4715-Nov-2021
Sapphire Foods2,073.259-Nov-2021
Latent View Analytics6009-Nov-2021
Adani Wilmar 4,500November 2021
MobiKwik1,900November 2021
Arohan Financial1,800November 2021
Ixigo1,600November 2021
Penna Cement1,550November 2021
Utkarsh Small Finance Bank1,350November 2021
Fincare Small Finance Bank1,330November 2021
Paradeep Phosphates1,225 + OFSNovember 2021
Sterlite Power1,250November 2021
RateGain1,200November 2021
Shriram Properties800November 2021
Keventer Agro800November 2021
Seven Islands Shipping600November 2021
Bajaj Energy5,4502021
Go Airlines3,6002021
PharmEasy3,000 – 3,7002021
Star Health And Allied Insurance Co. Ltd. 3,0002021
Gemini Edibles And Fats2,5002021
CMS Info Systems2,0002021
SAMHI Hotels1,800 – 2,0002021
MedPlus Health Services1,6392021
C.E. Infosystems Limited1,2002021
Srei Equipment Finance1,1002021
Apeejay Surrendra Park Hotel1,0002021
ESAF Small Finance Bank9982021
Inspira Enterprise India Ltd.8002021
Medi Assist Insurance TPA Pvt. Ltd.8502021
SJS Enterprises8002021
AGS Transact Techno8002021
Chemspec Chemicals7002021
Muthoot Microfin7002021
Shri Bajrang Power And Ispat Ltd.7002021
Fusion Micro Finance600 + OFS2021
Hinduja Leyland Finance5002021
Studds Accessories4502021
ESDS Software Solutions Limited322 + OFS2021
VLCC Health Care300 + OFS2021
Harsha Engineering3702021
Metro Brands Limited250 + OFS2021
Annai Infra Developers200-2502021
Go Colors125 + OFS2021
Narmada Biochem902021
Popular Vehicles And Services150 + OFS2021
Tarsons Products150 + OFS2021
Tamilnad Mercantile Bank₹ To Be Updated2021
Prudent Corporate Advisory Services₹ To Be Updated2021
Tracxn Tech₹ To Be Updated2021
Urban Company₹ To Be Updated2021
Aakash Educations₹ To Be Updated2021
Century Metal Recycling₹ To Be Updated2021
HDB Financial₹ To Be Updated2021
HP Adhesives₹ To Be Updated2021


Avatar of Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.


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