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Star Health & Allied Insurance Limited IPO

Star Health & Allied Insurance Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 845.00 (-6.11%)

Having completed its public offering, Star Health & Allied Insurance Limited's is now listed and trading on the NSE, BSE exchange as of 10-12-2021. The IPO raised cumulative capital of 6,68,82,461 Shares, including 2,22,32,230 Shares in primary capital infusion and ₹4018.03 Cr in secondary market transactions.

The IPO was conducted with a price range of ₹870 to ₹900 and minimum investment requirement of 16 shares. subscription activity between 30-11-2021 and 02-12-2021 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 07-12-2021 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Star Health IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Star Health IPO Key Performance Indicator
Company Financials ( In Lakhs )

Star Health IPO About Company

Incorporated in 2006, Star Health and Allied Insurance Company Ltd is one of India’s largest private health insurers, holding a market share of 15.8% in FY2021. The company mainly focuses on retail and group health insurance, which together accounted for most of its gross written premium during the year. Policies are largely sold through individual agents, along with corporate agents and bank partners. As of September 2021, Star Health had a wide distribution network of 779 branches across 25 states and 5 union territories, and one of the largest hospital networks in the country with over 11,778 empanelled hospitals.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Star Health IPO Strength Factors

  1. Market Leader: Largest private health insurance company in India with a strong leadership position in the fast-growing retail health segment.
  2. Extensive Distribution Network: Possesses the largest distribution network in the health insurance industry.
  3. Diversified & Innovative Products: Offers a wide product suite with continuous focus on innovation and specialized offerings.
  4. Robust Risk Management: Maintains a superior claims ratio supported by strong underwriting discipline and high-quality customer service.
  5. Proven Performance: Demonstrated consistent operating excellence and strong financial track record.

Star Health IPO Risk Factors

NA


Star Health IPO Lead Manager(s)

  • Ambit Private Limited
  • Axis Capital Limited
  • Bofa Securities India Limited
  • Citigroup Global Markets India Private Limited
  • Clsa India Private Limited
  • Credit Suisse Securities (India) Private Limited
  • Dam Capital Advisors Limited
  • ICICI Securities Limited
  • IIFL Securities Limited
  • Jefferies India Private Limited
  • Kotak Mahindra Capital Company
  • SBI Capital Markets Limited

Star Health IPO Promoter(s)

  1. Safecrop Investments India LLP
  2. Westbridge AIF I
  3. Rakesh Jhunjhunwala

Star Health IPO Company Details

Star Health & Allied Insurance Limited
Phone:
address:

Star Health IPO Registrar

Kfin Technologies Limited
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Phone:

Star Health IPO FAQs