Star Health & Allied Insurance
MainboardInsurance
Listed On: Dec 10, 2021 at ₹ 845.0(NSE)
₹ 14400 /16 Shares
Check Allotment30 Nov, 2021
Open Date02 Dec, 2021
Close Date08 Dec, 2021
Allotment Date10 Dec, 2021
Listing DatePrice Summary
Last Closing
464.80 (-48.36%)52 Week High
534.0052 Week Low
327.30Last Update
19-Dec-2025 3:30 PMIPO Issue Details
- Issue Price ₹870-900 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price Total 7249.18 Crores : 2000 Crores Fresh Issue + 5249.18 Crores OFS
- Listing at BSE, NSE
- List Price 845.0(NSE)
- Listing Date 2021-12-10
- Lead Manager Multiple
- Registrar KFintech Private Limited
IPO Details
- Retail Portion 10% (Number of Retail Applications : 4,96,400 Approx)
IPO Details
The IPO of is priced at ₹870-900 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 30, 2021 and ends on Dec 2, 2021. The allotment for IPO will be finalized on Dec 8, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 10, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Multiple.
The IPO sets its price band at 870-900 for each share. A single application for Star Health & Allied Insurance must contain at least 16 shares.
Read More
IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 2,38,30,602 | 1,19,15,300 | 79,43,533 | 12,19,512 | 4,49,08,947 |
|
Day 1
30-11-21 05:00 PM
|
0.00 x | 0.02 | 0.64 x | 0.03 x | 0.12 x |
|
Day 2
01-12-21 05:00 PM
|
0.07 x | 0.02 | 0.89 x | 0.05 x | 0.20 x |
|
Day 3
02-12-21 07:00 PM
|
1.03 x | 0.19 | 1.09 x | 0.09 x | 0.80 x |
Valuations
Company Financials
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|
| Assets | 4,466.57 | 1,896.76 | 1,642.63 |
| Revenue | (907.77) | 461.96 | 226.25 |
| Profit After Tax | (825.58) | 268.00 | 128.22 |
About Company
Star Health and Allied Insurance Company Ltd is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021. The company primarily focuses on the retail health market segment and ranked top in the retail health insurance market in India based on GWP over the last 3 fiscal years. It offers a range of flexible and comprehensive coverage options for retail health, group health, personal accident, and overseas travel, accounting for 87.9%, 10.5%, 1.6%, and 0.01%, respectively, of our total GWP in Fiscal 2021.The company mainly distributes policies through individual agents and also includes corporate agent banks and other corporate agents. As of March 31, 2021, its network distribution includes 737 health insurance branches across 26 states and 4 union territories in India. Star Health has also built one of the largest health insurance hospital networks in India with more than 10,870 hospitals.
Read More- Promoter(s)
Safecrop Investments India LLP
Westbridge AIF I
Rakesh Jhunjhunwala
Pre Issue Share Holding : 66.22%
Post Issue Share Holding : 58.30%
IPO - Issue Objectives
The IPO aims to utilize the net proceed to augment the company's capital base and insolvency level.
IPO - Anchor Investors
Star Health raises Rs 3,217.13 crore from anchor investors, ahead of IPO opening
Marquee investors, who participated in the offer included Monetary Authority of Singapore, Government of Singapore, The New Economy Fund, Baillie Gifford Pacific Fund, WF Asian Smaller Companies Fund, Valiant Mauritius, Abu Dhabi Investment Authority, Desjardins Emerging Markets Fund, Lazard Emerging Markets, Aberdeen New India Investment Trust Plc, Morgan Stanley, SEI Institutional Investments Trust, WCM Focused Emerging Markets, Moraine Master Fund, Societe Generale, Partners Bay Master Fund, Segantiii India Mauritius, and NVIT Emerging Markets Fund
Domestic investors including SBI Life Insurance, HDFC Life Insurance, Max Life Insurance, Edelweiss, IIFL Special Opportunities Fund, and Bharti Axa Life Insurance also bought shares in the company.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Star Health | 15.56 | (62.7) | (23.69)% | 494.68 |
| ICICI Lombard | 8.19 | 55.05 | 21.7% | 12,666 |
| New India Assurance | 0.72 | 24.04 | 6.97% | 31,087 |
IPO - FAQs
Ans. Star Health & Allied Insurance is a Mainboard IPO. The issue is priced at ₹870-900 per equity share. The minimum order quantity is 16 Shares. The IPO opens on Nov 30, 2021, and closes on Dec 2, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Star Health & Allied Insurance opens on Nov 30, 2021 and closes on Dec 2, 2021.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Star Health & Allied Insurance is Total 7249.18 Crores : 2000 Crores Fresh Issue + 5249.18 Crores OFS.
Ans. The Star Health & Allied Insurance price band is set between ₹870-900 per equity share.
Ans. To apply for Star Health & Allied Insurance, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Star Health & Allied Insurance in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Star Health & Allied Insurance is Dec 8, 2021.
Ans. The Star Health & Allied Insurance will be listed on Dec 10, 2021.
Ans. Follow the steps to check the Star Health & Allied Insurance allotment status online.
