IPOs This Week: Star Health, Tega Industries to launch initial offers - Check subscription dates, price band

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.

 

On the other hand, Tega Industries will open its initial offer on December 1. The last date to subscribe to the initial offer is December 3.

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 has fixed the IPO price band at Rs 443-453 a share. At the upper end of the price band, the company is expected to fetch Rs 619.22 crore with its initial public offering.

Tega Industries’ IPO comprises purely an offer of sale 1,36,69,478 equity shares by promoters and an existing shareholder. The equity shares of both companies will be listed on the BSE and NSE.