Star Health Insurance IPO will open on 30 Nov 2021. Star Health is India’s first standalone health insurance provider started operations in 2006. It provides insurance services in health, personal accident and overseas travel insurance categories.
List of Topic Covered
Key Features of Star Heath Insurance IPO
- Star Health and Allied Insurance IPO will open on 30 Nov 2021
- You can apply in this IPO from 30th Nov 2021 to 02 Dec 2021
- Issue Price band of the company is 870 – 900 per equity share.
- This IPO comprises fresh issue of equity share aggregating up to Rs. 2000 crores and offer for sale (OFS) of approx 58,324,225 equity shares from existing shareholders.
- Star Health and Allied Insurance IPO has a minimum 16 shares in one lot and you have to spend ₹14,400 for 1 lot.
- Star Health and Allied Insurance IPO is looking to raise ₹ 7,249 crore through this IPO.
Grey Market Premium of Star Health Insurance IPO GMP
- Grey market is an unregulated market to trade ipo shares before listing.
- Star Health and Allied Insurance IPO price band is placed at ₹ 870 – ₹ 900.
- Grey market premium of this share is currently 7% down i.e. at – ₹ 70.
- So share price of Star Health and Allied Insurance IPO in grey market is ₹ 830 (900 – 70).
Star Health Insurance IPO Live Subscription Status
Overall Star health IPO subscribed 0.79 times. Retail investors subscribed 1.10 times, QIB investors subscribed 1.03 times and NII investors subscribed 0.19 times as on 2 December 2021.
What is the Star Health and Allied Insurance
- Star Health is India’s first standalone health insurance provider started operations in 2006.
- It provides insurance services in health, personal accident and overseas travel insurance categories.
- Star Health has 12800+ employees and 640+ branch offices all over India.
- Star Health has Cashless treatment at 11000+ hospitals across India
- Mr. V. Jagannathan is the chairman and CEO of Star Health and Allied Insurance.
- It’s mission is to become the largest and the most preferred Health Insurance Company in India.
- Company had posted good profit numbers and revenue in 2019 and 2020. But in 2021 the company is in a big loss due to COVID pandemic.
- The company is backed by Rakesh Jhunjhunwala which is a positive news for investors.
Star Health Insurance IPO Conditions to know before Investing, Date, Lot Size, Allotment
| IPO Start Date | 30 November 2021 |
| IPO Close Date | 02 December 2021 |
| Share Allotment Date | 07 December 2021 |
| Refunds Date | 08 December 2021 |
| Credit to Demat Account Date | 09 December 2021 |
| IPO Listing Date | 10 December 2021 |
| Fresh Equity Share Issue | Approx ₹ 2000 Crores |
| Offer For Sale (OFS) Equity Share | Approx 58,324,225 Equity Share |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹ 870 – ₹ 900 Per Equity Share |
| Retail Quota Share | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Listing on | NSE & BSE |
| Minimum Lot Size | 16 Share in 1 Lot |
| Minimum Amount | ₹ 14,400 For 1 Lot |
| Maximum Lot Size | 208 Shares (13 Lot) |
| Maximum Amount | ₹ 187,200 (For 13 Lot) |
| Employee Discount | NA |
How to Apply in Star Health Insurance IPO
- You can apply for the Star Health and Allied Insurance IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Star Health and Allied Insurance
- Also you can apply this IPO through your trading account
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
Financial Report of Star Health and Allied Insurance – 2019,2020 & 2021
Company had posted good profit numbers and revenue in 2019 and 2020. But in 2021 the profit declined to a loss of 3.54 crores.
| Revenue | Expense | PAT (Profit After Tax) | |
| 2019 | ₹ 226 | ₹ 44 | ₹ 128 |
| 2020 | ₹ 462 | ₹ 49 | ₹ 268 |
| 2021 | – ₹ 908 | ₹ 138 | – ₹ 826 |
How Much Quota is Reserved for Retail Investors, QIB, NII in Star Health Insurance IPO
Star Health and Allied Insurance IPO’s 75% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 10% quota is reserved for retail investors.
Promoters of Star Health Insurance IPO
- Safecrop Investments India LLP
- Westbridge AIF I
- Rakesh Jhunjhunwala
Star Health Insurance IPO Lead Managers
- 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 Ltd (Formerly IDFC Securities Ltd)
- ICICI Securities Limited
- IIFL Securities Ltd
- Jefferies India Private Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
How to apply for the Star Health Insurance IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Star Health and Allied Insurance IPO.
- Then click on the bid button.
- Then enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Star Health Insurance IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Star Health and Allied Insurance IPO.
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Allotment Status For Star Health Insurance IPO
You can check Star Health and Allied Insurance IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
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