IPOs This Week: Star Health, Tega Industries to launch initial offers - Check subscription dates, price band
Star Health and Allied Insurance Company and Tega Industries will launch their IPOs in the coming days. Check subscription dates and price band.
New Delhi: Two Indian firms - Star Health and Allied Insurance Company and Tega Industries - are all set to launch their initial public offerings (IPOs) this week to cumulatively raise Rs 7,868 crore.
The two IPOs in the first week of December have come after 10 companies successfully concluded their initial public offerings in November 2021. Many companies are also planning to list on Indian stock exchanges in the coming weeks.
Star Health IPO Subscription Dates
![Star Health IPO Subscription Dates Star Health IPO Subscription Dates](https://english.cdn.zeenews.com/sites/default/files/2021/11/28/991253-untitled-design-2021-11-28t153417.468.jpg)
Star Health IPO will open for subscriptions on November 30. The three-day initial share sale will conclude on December 2.
According to Choice Broking, the company faces risks such as unfavourable movement in the interest rates, stiff competition from other players and inability to manage hospital network and distribution channels, per Moneycontrol report.
Tega Industries IPO Subscription Dates
![Tega Industries IPO Subscription Dates Tega Industries IPO Subscription Dates](https://english.cdn.zeenews.com/sites/default/files/2021/11/28/991251-untitled-design-2021-11-28t153433.449.jpg)
Star Health IPO Price Band
![Star Health IPO Price Band Star Health IPO Price Band](https://english.cdn.zeenews.com/sites/default/files/2021/11/28/991250-untitled-design-2021-11-28t153450.754.jpg)
Star Health has fixed the IPO price band of Rs 870-900 a share. At the upper end of the price band, the company is expected to rake in Rs 7,249.18 crore. Star Health's IPO includes a fresh issue of equity shares worth Rs 2,000 crore. Offer for sale of up to 58,324,225 equity shares by promoters and existing shareholders are also included in the IPO.
Tega Industries IPO Price Band
![Tega Industries IPO Price Band Tega Industries IPO Price Band](https://english.cdn.zeenews.com/sites/default/files/2021/11/28/991249-untitled-design-2021-11-28t153530.360.jpg)