star health insurance ipo detail listing price and lot price target 2025
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star health insurance ipo
The health insurance sector has been in the news a lot lately, and for good reason. The industry is facing a number of challenges, from the Affordable Care Act to the rising cost of health care. And now, one of the biggest players in the industry, Star Health Insurance, is set to go public.
Star Health Insurance IPO Important Dates
IPO Open Date 30 Nov 2021 IPO Close Date 2 Dec 2021 Basis Of Allotment Date 7 Dec 2021 Initiation Of Refunds 8 Dec 2021 Credit Of Shares To
Demat ACcount 9 Dec 2021 IPO Listing Date 10 Dec 2021
| IPO Open Date | 30 Nov 2021 |
|---|---|
| IPO Close Date | 2 Dec 2021 |
| Basis Of Allotment Date | 7 Dec 2021 |
| Initiation Of Refunds | 8 Dec 2021 |
| Credit Of Shares To Demat ACcount | 9 Dec 2021 |
| IPO Listing Date | 10 Dec 2021 |
The Star Health Insurance IPO is one of the most anticipated IPOs of the year. The company is the largest health insurer in India, and it is looking to list on the New York Stock Exchange.
The Star Health Insurance IPO will be a major test for the health insurance industry. The company is facing a number of challenges, from the Affordable Care Act to the rising cost of health care. And now, it will be under the spotlight of the public markets.
Opening Date
30 Nov 2021
Closing Date
2 Dec 2021
Price Band
₹870 to ₹900
per equity share
Issue Size
₹870 to ₹900
Face Value
₹ 10
per equity share
Market Lot
16 Shares
Opening Date
30 Nov 2021
Closing Date
2 Dec 2021
Price Band
₹870 to ₹900
per equity share
Issue Size
₹870 to ₹900
Face Value
₹ 10
per equity share
Market Lot
16 Shares
The Star Health Insurance IPO will be a major event for the health insurance industry. The company is the largest health insurer in India, and it is looking to list on the New York Stock Exchange. This IPO will be a major test for the health insurance industry, and it will be closely watched by investors.
1.Star Health Insurance's much-awaited initial public offer (IPO) was finally priced at the upper end of the price band of Rs 850-per share, with the company raising Rs 2,394 crore.
Star Health Insurance's IPO was finally priced at the upper end of the price band of Rs 850-per share, with the company raising Rs 2,394 crore. This was the first insurance company to be listed on the stock exchanges in over a decade. The company's shares are proposed to be listed on the BSE and NSE.The IPO was subscribed 1.41 times on the final day of bidding, with institutional investors bidding for 1.61 times the shares on offer. The retail portion was subscribed 1.11 times.
The company had earlier fixed the price band at Rs 805-850 per share. The IPO comprises a fresh issue of shares worth Rs 1,500 crore and an offer for sale of up to 2.70 crore shares by existing shareholders.
At the upper end of the price band, the company would have a post-IPO market capitalisation of Rs 10,841 crore. Axis Capital, Goldman Sachs (India) Securities Pvt Ltd, ICICI Securities Ltd, HDFC Bank Ltd and Kotak Mahindra Capital Co Ltd are the book running lead managers to the issue.
At the upper end of the price band, the issue was valued at Rs 6,724 crore and was subscribed 1.39 times.
The much-awaited initial public offer (IPO) of Star Health and Allied Insurance Company Ltd was finally launched on Monday, 21st November, after getting the final go-ahead from the Securities and Exchange Board of India (SEBI). The IPO was priced at Rs 651-656 per share, with a total issue size of Rs 1,500 crore. At the upper end of the price band, the issue was valued at Rs 6,724 crore. The IPO was subscribed 1.39 times on the final day of bidding, with institutional investors bidding for 1.86 times the shares reserved for them.The IPO received an overwhelming response from retail investors, with the retail portion getting subscribed nearly 9 times. The company had earlier raised Rs 489 crore from a group of anchor investors, including SBI Mutual Fund, HDFC Mutual Fund, Birla Sun Life Insurance, ICICI Prudential Life Insurance and Axis Mutual Fund.
Star Health is the first standalone health insurance company in India and also the first health insurer to list on the stock exchanges. The company has a strong presence in the southern and western regions of India and has a customer base of over 10 million.
The company plans to use the proceeds from the IPO to expand its geographical reach, increase its customer base and strengthen its distribution network. It also plans to invest in technology to improve its claims process and to create a reserve fund to cover any unforeseen claims.
The IPO is a good opportunity for investors to tap into the growing health insurance sector in India. With a strong brand name and a wide network of hospitals, Star Health is well-positioned to capitalise on the growing demand for health insurance in India.
The IPO, which opened on November 22 and closed on November 24, was the first public offer by an insurance company in India in over a decade.
The star health insurance ipo was oversubscribed nearly 155 times, with the public offer receiving overwhelming response from investors. The IPO, which opened on November 22 and closed on November 24, was the first public offer by an insurance company in India in over a decade.The company had fixed a price band of Rs 551- Rs 555 per share for the public issue. The issue received bids for 1,78,72,050 shares against the total issue size of 1,14,28,571 shares, data available with the NSE showed.
The IPO was subscribed 154.96 times. Qualified institutional buyers (QIBs) bid for 1,49,62,971 shares against the total issue size of 964,857 shares, data available with the NSE showed. Non- institutional investors bid for 12,17,52,701 shares against the total issue size of 153,429 shares.
The retail individual investors category was subscribed 36.11 times with bids for 6,31,56,378 shares against the total issue size of 17,542,286 shares.
The company had raised Rs 1,145 crore from anchor investors on November 21. A total of 29 anchor investors had participated in the anchor investor portion of the public issue.
The net Proceeds from the fresh issue will be utilised towards meeting solvency margin requirements and augmenting the company's capital base to support future growth of business, Star Health & Allied Insurance said in the Draft Red Herring Prospectus filed with the Securities and Exchange Board of India (Sebi).
The company had posted a 44.3 per cent jump in net profit at Rs 201.4
The company had fixed a price band of Rs 850-860 per share for the IPO.
The company had fixed a price band of Rs 850-860 per share for the IPO.
The initial public offer (IPO) of Star Health and Allied Insurance Company Ltd was subscribed 1.63 times on the last day of bidding today.
The IPO received bids for 1,63,31,700 shares against the total issue size of 1,00,11,000 shares, NSE data showed.
The portion reserved for qualified institutional buyers (QIBs) was subscribed 1.67 times, non-institutional investors 1.48 times and retail investors 1.15 times.
The company had fixed a price band of Rs 850-860 per share for the IPO.
The IPO, which opened on April 26, was scheduled to close today.
The issue comprised fresh issue of Rs 500 crore and offer for sale of up to 1,01,10,909 shares by selling shareholders.
Star Health is the first standalone health insurance company in India.
The company's gross written premium (GWP) for financial year 2016-17 was Rs 4,223 crore.
The IPO comprised a fresh issue of Rs 1,200
The IPO comprised a fresh issue of Rs 1,200 crore and an offer for sale of Rs 600 crore by the existing shareholders. The price band for the IPO was fixed at Rs 651-661 per share. The IPO was managed by Axis Capital, ICICI Securities, and Edelweiss Financial Services.
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