Star Health IPO subscription to start from November 30, Tuesday and it will close on December 02, 2021, The retail portion of this IPO is 10%, QIB is 75% and HNI is 15% quota. The company to raise ₹7249 crores via IPO at a price band of ₹870 to ₹900. The minimum bid for the IPO is 16 shares that cost ₹14,400 for 1 lot. The grey market is going down day by day and at a flat level. The Rakesh JhunJhunwala backed Star Health Insurance is a stand-alone health insurer provider licensed by IRDA. As per the market condition, the investors will surely look at the numbers before investing. The company reported -₹826 crores of revenues in 2021 against ₹268 crores in 2020. Please check the Star Health IPO details over here.
IPOWatch View
We recommend investors to apply for an IPO at their own risk. Investors should look at the QIB and HNI numbers as well as Star Health grey market premium movement before investing. You can check the Star Health IPO allotment status here.
Star Health IPO Subscription Status (Final Data)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.07 | 1.03 |
| NII | 0.01 | 0.02 | 0.19 |
| RII | 0.64 | 0.89 | 1.10 |
| RII | 0.03 | 0.05 | 0.10 |
| Total | 0.12 | 0.20 | 0.79 |
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
The Star Health Insurance IPO minimum market lot is 16 shares with ₹14,400 application amount. The retail investors can apply up-to 13 lots, 208 shares with ₹187,200 application amount.
| 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 Time Table
The Star Health Insurance IPO date is 30 November 2021 and the IPO close date is 02 December 2021. The allotment date is 07 December 2021 and the IPO may list on 10 December 2021.
| 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 IPO Subscription FAQs:
When Star Health IPO Subscription will start?
The IPO subscription starts on November 30, 2021 for QIB, NII, and Retail Investors.
How much is Star Health IPO subscribed?
The IPO subscribed 0.79 times on day 3.
What is Star Health IPO Retail subscription status?
The RII subscription is 1.10 times on day 3.
How to subscribe to Star Health IPO?
You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.
How to Apply the Star Health IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Star Health”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Star Health IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Star Health”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
How do I check live Star Health IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE websites. One can check the live subscription on BSE or NSE website on the particular IPO page.
