Rakesh Jhunjhunwala backed Star Health Insurance IPO date is fixed, The IPO is to hit the market on November 30, 2021. Star Health Insurance IPO to raise ₹7249 crores via IPO that comprises fresh issue of ₹2000 crore and offer for sale up to 58,324,225 equity shares of ₹10 each. The retail quota is 10% with QIB 75% and HNI 15%.
Star Health & Allied Ins Co Ltd aka Star Health Insurance is a stand-alone health insurer provider licensed by IRDA. The company started its operations in 2006 as India’s first Standalone Health Insurance provider. They provide services in Health, Personal Accident and Overseas Travel Insurance, etc. They cater to individuals, families, and corporate as well as work directly with various channels, agents, brokers, and online platforms. They have the largest health insurance hospital networks in India with over 11000 hospitals. The company has over 12800 employees and over 640 branches in India. Check out Star Health Insurance IPO details.
Important Details:
- The company is backed by Rakesh Jhunjhunwala.
- One of the largest health insurance companies in India.
- Largest health insurance network in India.
- Star Health reported a huge loss in 2021 due to Covid-19.
Star Health Insurance IPO Review
- Risky
Brokerage Firm IPO Reviews
- ICICI Securities: Neutral
- Axis Bank: Neutral
- Angel One: Apply
- B & K Securities: Neutral
- Choice Equity: Apply
- Religare Broking: Neutral
Star Health Insurance IPO Date & Price Band
| IPO Open: | 30 November 2021 |
| IPO Close: | 02 December 2021 |
| IPO Size: | Approx ₹7249 Crores |
| Fresh Issue: | Approx ₹2000 Crores |
| Offer for Sale: | Approx 58,324,225 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹870 to ₹900 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | ₹80for Employees |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Star Health Insurance IPO Market Lot
| Minimum Lot Size: | Minimum 16 Shares for 1 lot |
| Minimum Amount: | ₹14,400 for 1 lot |
| Maximum Lot Size: | Maximum 208 Shares for 13 lot |
| Maximum Amount: | ₹187,200 for 13 lot |
Star Health Insurance IPO Date, Time Table, Allotment & Listing
| Price Band Announcement: | 23 November 2021 |
| Anchor Investors Allotment: | 29 November 2021 |
| IPO Open Date: | 30 November 2021 |
| IPO Close Date: | 02 December 2021 |
| Basis of Allotment: | 07 December 2021 |
| Refunds: | 08 December 2021 |
| Credit to Demat Account: | 09 December 2021 |
| IPO Listing Date: | 10 December 2021 |
Star Health Insurance IPO Form
How to apply the Star Health Insurance IPO? You can apply Star Health Insurance IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Star Health Insurance IPO in the Invest section. The other option you can apply Star Health Insurance IPO via IPO forms download via NSE and BSE. Check out the Star Health Insurance forms – click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Star Health Insurance Company Financial Report
| ₹ in Crores | |||||
| Revenue | Expense | PAT | |||
| 2019 | ₹226 | ₹44 | ₹128 | ||
| 2020 | ₹462 | ₹49 | ₹268 | ||
| 2021 | -₹908 | ₹138 | -₹826 | ||
Company Promoters
- SAFECROP INVESTMENTS INDIA LLP
- WESTBRIDGE AIF I
- RAKESH JHUNJHUNWALA
Star Health Insurance IPO RegistrarhQ
KFin Technologies Private Limited
Selenium, Tower, B,
Plot No – 31 and 32 Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareedi 500 032, Telangana, India
Tel:+91 40 6716 2222/ 180034 54001
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221
Star Health Insurance IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited
- ICICI Securities Limited
- CLSA India Private Limited
- Credit Suisse Securities (India) Private Limited
- Jefferies India Private Limited
- Ambit Private Limited
- DAM Capital Advisors Limited
- IIFL Securities Limited
- SBI Capital Markets Limited
Company Address
Star Health and Allied Insurance Co Ltd
Registered Office:
No 1, New Tank Street,
Valluvarkottam High Road,
Nungambakkam, Chennai 600034
Ph: 044-28288800
Fax: 044-28260062
Email: [email protected]
Website: www.starhealth.in
Star Health Insurance IPO FAQs
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Note: The Star Health Insurance IPO details are announced officially. The IPO grey market premium (Star Health Insurance IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
