Star Health IPO price band, GMP, Allotment, Listing date and Price

Star Health (Star Health and Allied Insurance Company Ltd) IPO details (31 Nov – 2 Dec), (Price: 870-900)

Sigachi Industries IPO price band, GMP, Allotment, Listing date and Price
Star Health IPO price band, GMP, Allotment, Listing date and Price

Listing date and Listing Price of Star Health IPO:

  1. Star Health IPO listed on BSE and NSE exchanges on – Click Here
  2. Listing Price of Star Health IPO on NSE – Click Here
  3. Listing Price of Star Health IPO on BSE – Click Here

Grey Market premium (GMP) price of Star Health IPO :

Grey Market premium (GMP) price of Star Health IPO is Rs __. Grey Market premium (GMP) of Star Health IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.

Check the allotment status of Star Health IPO on these three links given by Kfintech.

  1. Star Health IPO Allotment Link 1 – https://kosmic.kfintech.com/ipostatus/
  2. Star Health IPO Allotment Link 2 – https://kcas.kfintech.com/ipostatus/
  3. Star Health IPO Allotment Link 3 -https://evault.kfintech.com/ipostatus/

Star Health IPO Allotment link status on Kfintech can be checked by Application No or DPID/Client ID or PAN and enter ‘Captcha’.

KPRISM, an app by KFin Technologies Pvt Ltd (Registrar of this IPO) can be downloaded from Play Store on mobile or Tab.

  1. Download KPRISM app by KFin Tech.
  2. Select IPO Status (No need to do login or register to check IPO allotment)
  3. Select Star Health IPO from the list.
  4. Enter Application Number or DPID Client ID or PAN, then Submit.
  5. The allotment status of Star Health IPO, with no. of shares allotted will come.

Star Health IPO subscription status details:

QIB (Qualified Institl. Bidders)NIB (Non-institutional Investor)RII (Retail Individual Investor)Employee categoryTotal No. of times applied
No. of shares offered 2,38,30,602 1,19,15,300 79,43,533 12,19,512 4,49,08,947
Day 1 0x 0.01x 0.64x 0.03x 0.12x
Day 2 0.07x 0.02x 0.89x 0.0x 0.20x
Day 3 1.03x 0.19x 1.10x 0.10x 0.79x
Star Health IPO subscription status live

Star Health IPO highlights:

Star Health IPO bid Opens on 31 Nov 2021
Star Health IPO bid Closes on2 Dec 2021
Post issue Modification Period3- Dec-2021 (10.00 A.M. to 11.00 A.M.)
Cut-off time for UPI Mandate Confirmation3- Dec-2021 (upto 12:00 PM)
Issue type100% Book Building
Star Health IPO issue size₹ 7249.18 Cr
Face value of each equity shareRs. 10
Star Health IPO Price bandRs. 870 to Rs.900 per share
Star Health IPO market lot16 equity shares and multiples of 16
Star Health IPO minimum order quantity16 equity shares
Pre IPO equity share of promoters of Star Health66.22 %
Post IPO paid-up equity share of promoters of Star Health58.42 %
QIB portion reservation in Star Health IPO75 %
NIB portion reservation in Star Health IPO15 %
Retail portion reservation in Star Health IPO10 %
Retail individual bidder can apply in Star Health IPOup to 2 lakh (200,000) – Maximum 13 Lot
Retail individual discount in Star Health IPONA
Employees can apply in Star Health IPOup to 5 lakh (500,000)
Employees Reservation in Star Health IPONA
Employees Discount in Star Health IPONA
Listing of Star Health at ExchangesNSE, BSE
Fund raised from Anchor Investors in Pre-IPO of Star HealthNA
Registrar of Star Health IPO issueKfin Technologies Private Limited
Star Health IPO highlights

Star Health IPO important dates regarding bidding, allotment, listing, refund etc. :

The probable dates regarding bidding, allotment, listing, refund of Star Health IPO are mentioned below.

Star Health IPO opens on30.11.2021
Star Health IPO Closes on2.12.2021
Allotment basis date of Star Health IPO7.12.2021
Money refund date of Star Health IPO8.12.2021
Shares of Star Health in Demat Account9.12.2021
Star Health IPO listing date on NSE, BSE10.12.2021
Star Health IPO important dates regarding bidding, allotment, listing, refund etc.

How much shares of Star Health IPO are being offered?

Type of Issue (Fresh / OFS)No. of Equity shares offeredAmount of Equity shares
Total Issue size₹ 7249.18 Crore
Fresh Issue size₹ 2000 Crore
Offer for Sale (OFS)₹ 5249.18 Crore
Employee Reservation
No. of Equity shares offered of Star Health IPO

Star Health financial statements details:

31.03.202131.03.202031.03.2019
(₹ million)(₹ million)(₹ million)
Total Assets44,665.7218,967.6916,426.35
Total Revenue– 9,077.764,619.612,262.54
Profit After Tax– 8,255.812,680.021,282.26
Star Health financial statements details

IPO Red Herring Prospectus (RHP) of Star Health:

Click here for IPO RHP of Star Health on SEBI website.

Objectives of the Star Health IPO Issue: (Source – RHP)

Objects of the Fresh Issue

Our Company proposes to utilise the Net Proceeds towards augmentation of its capital base and maintenance of solvency levels. The main objects and objects incidental and ancillary to the main objects set out in the Memorandum of Association enable us (i) to undertake our existing business activities; and (ii) to undertake the activities proposed to be funded from the Net Proceeds. Further, our Company expects to receive the benefits of listing of the Equity Shares, including to enhance our visibility and our brand image among our existing and potential customers.

Business of Star Health: (Source – RHP)

We are and continue to be the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in Fiscal 2021, according to CRISIL Research. In Fiscal 2021 and the six months ended September 30, 2021, we had total GWP of ₹93,489.50 million and ₹50,697.82 million, respectively. From being the first standalone health insurance (“SAHI”) company established in India in 2006, we have grown into the largest SAHI company in the overall health insurance market in India, according to CRISIL Research.

Our comprehensive health insurance product suite insured 20.5 million lives in Fiscal 2021 in retail health and group health, which accounted for 89.3% and 10.7%, respectively, of our total health GWP in Fiscal 2021. We are strategically focused on the retail health market segment and had retail health GWP of ₹82,150.90 million and ₹43,399.18 million in Fiscal 2021 and the six months ended September 30, 2021, respectively. We have been consistently ranked first in the retail health insurance market in India based on retail health GWP over the last three Fiscal Years, according to CRISIL Research.

The retail health market segment is expected to emerge as a key growth driver for the overall health insurance industry in India after the COVID-19 crisis in India due to low penetration of health insurance, high out-of-pocket expenses for healthcare costs and since only 10% of the population has insurance policies outside of government plans, according to CRISIL Research. In Fiscal 2021, our retail health GWP was over three times the retail health GWP of the next highest retail health insurance market participant, according to CRISIL Research, positioning us well to continue to grow our business and market share.

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