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Star Health IPO

IPO Status: Closed [30th Nov 2021 to 2nd Dec 2021]

Rated 3 stars Rated 3/5 by Team TopShareBrokers
Star Health IPO Detail

Star Health, India's largest private health insurance company is coming up with an IPO of Rs. 7,249.18 Cr to list on the BSE and NSE. The IPO opens for subscription from 30 Nov to 2 Dec 2021. The IPO price band is fixed at Rs. 870-900, the floor price is 87 times, and the cap price is 90 times the face value. One can apply for the bid lot of 16 shares and its multiple. The IPO includes an employee reservation of Rs. 100 Cr and offers an employee discount of Rs. 80 per share. Stay updated with us to know more about the Star Health IPO issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Star Health IPO Details

IPO Issue Opening Date: 30th Nov 2021
IPO Issue Closing Date: 2nd Dec 2021
IPO Issue Price: ₹870-900
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹7249.18 Cr
Offer for Sale: ₹5249.18 Cr
Fresh Issue: ₹2000 Cr
Face Value: ₹10 Per Equity Share
IPO Discount: Employee: ₹80
Market Lot: 16 Shares
Min Retail Qty: 16 shares (1 lot)
Max Retail Qty: 208 shares (13 lots)
Promoter Holding Pre IPO: 66.22%
Promoter Holding Post IPO: 58.42%
Retail Quota: 20.4%
IPO Live GMP IPO Live GMP

Star Health IPO Important Dates

In this section we have covered all important dates related to Star Health IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Star Health IPO important dates
IPO Activity Date
IPO Issue Open 30th Nov 2021
IPO Issue Close 2nd Dec 2021
Basis of Allotment Finalisation Date* 7th Dec 2021
Refunds Initiation* 8th Dec 2021
Credit of Shares to Demat Account* 9th Dec 2021
IPO Listing Date* 10th Dec 2021

* - Tentative Dates

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About Company - Star Health

Star Health is India's largest private health insurer with a 15.8% market share in the Indian health insurance market in fiscal 2021. The company offers various insurance coverage options for retail health, group health, personal accident 162, and overseas travel, which accounted for 87.9%, 10.5%, 1.6%, and 0.01%, respectively, of total GWP in Fiscal 2021. Its products cater to all customers i.e. individuals, families, senior citizens, persons with pre-existing medical conditions across the middle-market customer segment. It is ranked first in the retail health insurance market in India.

Star health has a very strong distribution channel network of 779 branches across 25 states and 5 union territories in India. It also has the largest health insurance hospital network in India, with 11,778 hospitals as of Sep 30, 2021.

Incorporation Sector IPO Issue Size Website
2005 General Insurance ₹7249.18 Cr http://www.starhealth.in/

Star Health IPO Objective

The key aim of the issue is to augment the company's capital base and insolvency level.

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Star Health IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 23,830,602 Shares
  • Non-Institutional Investors: 11,915,300 Shares
  • Retail Individual Investor: 7,943,533 Shares
  • Employees Quota: 1,219,512 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered23,830,602 (53.06%)11,915,300 (26.53%)7,943,533 (17.69%)1,219,51244,908,947
130th Nov 2021 18:510.00x0.01x0.64x0.03x0.12x
21st Dec 2021 17:020.07x0.02x0.89x0.05x0.20x
32nd Dec 2021 19:021.03x0.19x1.10x0.10x0.79x

Star Health Financials for past 3 Years

Past performance and financial results of Star Health.

Star Health financial
Star Health Financials (₹ in Cr) 30-Sep-2021 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹4,974.94 ₹4,466.57 ₹1,896.77 ₹1,642.64
Total Income ₹(501.57) ₹(907.78) ₹461.96 ₹226.25
Net Profit/Loss ₹(127.89) ₹(825.58) ₹268.00 ₹128.23

Star Health IPO Strengths

  • Largest private health insurance company with leadership in the retail health sector in India.
  • Largest spread distribution network with 779 health insurance branches.
  • Range of insurance coverage options to cater to different customer segments.
  • Consistently demonstrated operating and financial performance.

Star Health IPO Threats/Weaknesses

  • The global outbreak of the COVID-19 pandemic and its impact on business activities.
  • Star Health has incurred losses in fiscal 2021 and for the period of 6 months ended 30 Sep 2021.
  • Failure to accurately estimate medical expenses and future claims can manage its costs and financial positions.

Star Health IPO DRHP >>Document

Star Health IPO RHP >>Document

Star Health IPO Allotment Status >>Link

Company Address

Star Health and Allied Insurance Company Ltd
No.1, New Tank Street,Valluvarkottam High Road, Nungambakkam
Chennai,Tamil Nadu-600 034
India
Website: http://www.starhealth.in/
Phone: +91 44 2828 8800
Email: [email protected]

Star Health IPO Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://karisma.kfintech.com/
Phone: 04067162222, 04079611000
Email: [email protected]

Star Health IPO Lead Manager

  1. Kotak Mahindra Capital Company Limited
  2. ICICI Securities Limited
  3. SBI Capital Markets Limited
  4. BoA Merrill Lynch
  5. Citigroup Global Markets India Private Limited
  6. DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
  7. IIFL Holdings Limited
  8. Credit Suisse Securities (India) Private Limited
  9. Jefferies India Private Limited
  10. Axis Capital Limited
  11. Ambit Private Limited
  12. CLSA India Private Limited
Star Health IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Star Health? Should I apply in Star Health IPO?

Last Updated on 2021-12-08T22:41:23+00:00

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Star Health IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Star Health IPO with Zerodha.

Alternate approch to apply in Star Health IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Star Health IPO Review and Important Updates

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Apply in Star Health IPO online

To subscribe or apply in Star Health IPO, you can use the following methods:

Star Health IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Star Health IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Star Health IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Star Health IPO. Most of the Syndicate Banks provide access to apply in Star Health IPO via ASBA process. You must have your net banking access, DP ID information to apply in Star Health IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Star Health IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Star Health IPO Review and Important Updates

Other relevant question on same topics are:

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Applying in Star Health IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Star Health IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply Star Health IPO, please refer article >> Link

Star Health IPO Review and Important Updates

Steps to download the online application form for Star Health IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 16 and max 208 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

Other relevant questions:

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Star Health IPO is going to be list on 10-12-2021.

Other relevant questions:

When Star Health IPO will be listing? Star Health IPO listing date?Star Health IPO date of listing

 

Star Health IPO Allotment Date is 7-12-2021.

Other relevant questions:

Star Health IPO share allotment date?Star Health IPO allotment date?

 


User Reviews

avatar
6. Team TopShareBrokers Dec 02 2021 08:16:10 PM Reply
Star Health IPO has sailed through as 79% subscription is done (the requirement is 75%).

As per rule for such Issues where QIB portion is 75% and retail is 10%, in this case both these categories are fully subscribed.

https://www.sebi.gov.in/sebi_data/commondocs/subsection1_p.pdf

Pl refer to Page 8

An earlier example was ICICI Securities where a similar situation was seen.
Thanks,
Team TopShareBrokers.com
avatar
5. Rayan Rajkumar Godha Nov 23 2021 09:23:08 PM Reply
Star Health IPO expected listing gain.
avatar
4. Chandrika Nov 23 2021 09:23:08 PM Reply
Please confirm Star Health IPO GMP (grey market premium) and kostak.
avatar
3. navdeep  Nov 23 2021 09:23:08 PM Reply
Star Health IPO good or bad.
avatar
2. murali krishna Nov 23 2021 09:23:08 PM Reply
Star Health IPO whether to invest or not.
avatar
1. Mikul Basant Nov 23 2021 09:23:08 PM Reply
Star Health IPO - CRISIL Rating, Apply or not?.