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IPO Status: Listed [30th Nov 2021 to 2nd Dec 2021]
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.
| IPO Issue Opening Date: | 30th Nov 2021 |
| IPO Issue Closing Date: | 2nd Dec 2021 |
| IPO Issue Price: | ₹870-900 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 20.4 |
| IPO Issue Type: | Book Build Issue |
| 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 |
| Promoter Holding Pre IPO: | 66.22% |
| Promoter Holding Post IPO: | 58.42% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543412 |
| NSE Code: | STARHEALTH |
Get important updates regarding Star Health IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 7th Dec 2021 |
| Refunds Initiation* | 8th Dec 2021 |
| Credit of Shares to Demat* | 9th Dec 2021 |
| IPO Listing Date* | 10th Dec 2021 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹870-900 |
| Market Lot: | 16 Shares |
| 1 Lot Amount: | ₹14400 |
| Min Small HNI Lots(2-10 Lakh): | 224 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 10-12-2021 | 900 | -80 | -- | ₹820 (-8.89%) | 10-Dec-2021 9:07 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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/ |
The key aim of the issue is to augment the company's capital base and insolvency level.
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 23,830,602 (53.06%) | 11,915,300 (26.53%) | 7,943,533 (17.69%) | 1,219,512 | 44,908,947 | |
| 1 | 30th Nov 2021 18:51 | 0.00x | 0.01x | 0.64x | 0.03x | 0.12x |
| 2 | 1st Dec 2021 17:02 | 0.07x | 0.02x | 0.89x | 0.05x | 0.20x |
| 3 | 2nd Dec 2021 19:02 | 1.03x | 0.19x | 1.10x | 0.10x | 0.79x |
| 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 |
Last Updated on 16-Dec-2021 10:28:23
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 InvestorGain.com