IPO Status: Closed [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|
|IPO Listing At:||BSE, NSE|
|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%|
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.
|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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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.
|# 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|
Past performance and financial results of Star Health.
|Star Health Financials (₹ in Cr)||30-Sep-2021||31-Mar-2021||31-Mar-2020||31-Mar-2019|
Star Health IPO DRHP >>Document
Star Health IPO RHP >>Document
Star Health IPO Allotment Status >>Link
Last Updated on 2021-12-08T22:41:23+00:00
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.
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To subscribe or apply in Star Health IPO, you can use the following methods:
|Star Health IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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
Steps to download the online application form for Star Health IPO
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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?
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