Star Health IPO Date, Review, Price, Form & Market Lot Details

Star Health IPO Date, Review, Price, Form & Market Lot Details:- Star Health Insurance IPO will hit the market on 30 November 2021. Star Health is planning to raise Rs 7249 crores from its IPO that comprises fresh issue of ₹2000 crore and offer for sale up to 58,324,225 equity shares of ₹10 each. The company is backed by Rakesh Jhunjhunwala.

Star Health & Allied Insurance Co Ltd is an Indian health insurance company based in Chennai. Star Health has been providing services in health, personal accident and overseas travel insurance. Star Health Insurance has products to cater for everybody, be it individuals, families or corporates and works directly as well as through various channels like agents, brokers, online etc. Currently, Star Health has 10600+ employees and 550+ branch offices all over India. Star Health Insurance filed its Draft Red Herring Prospectus (DRHP) with the SEBI for its initial public offering (IPO). The retail quota is 10% with QIB 75% and HNI 15%. Star Health IPO GMP

 

Star Health IPO Date, Review, Price, Form & Market Lot Details

 

Star Health IPO Review

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Star Health IPO Date & Price Band

 IPO Open:  30 November 2021
 IPO Close:  02 December 2021
 IPO Size:  Approx Rs 7249 Crores
 Fresh Issue:  Approx Rs 2000 Crores
 Offer for Sale:  Approx Rs 58,324,225 Equity Shares
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹870 to ₹900 Per Share
 Listing on:  BSE & NSE
 Retail Quota:  10%
 QIB Quota:  75%
 NII Quota:  15%
 DRHP Draft Prospectus:  Click Here
 RHP Draft Prospectus:  Click Here

 

Star Health IPO Market Lot

 Minimum Lot Size: Minimum 16 Shares for 1 lot
 Minimum Amount: 14,400 for 1 lot
 Maximum Lot Size:  Maximum 208 Shares Shares for 13 lot
 Maximum Amount: ₹187,200 for 13 lot

 

Star Health IPO Reservation :

Category Reservation Shares Amount
QIB : 75% N/A N/A
NII : 15% N/A N/A
RII : 10% N/A N/A
EMP : N/A% N/A N/A
Total : 100 % N/A N/A

 

Star Health IPO Dates, Allotment & Listing :

Star Health Insurance IPO Date is 30 November 2021 and closes on 02 December 2021. The allotment will be finalized on 07 December 2021 and the IPO may list on 10 December 2021.

Open Date : 30 November 2021
Close Date : 02 December 2021
Allotment Date : 07 December 2021
Refund Date : 08 December 2021
Share Credit Date : 09 December 2021
Listing Date : 10 December 2021

 

Star Health IPO Form

There are two ways to apply in Star Health Insurance IPO. You can apply for Star Health Insurance IPO through ASBA available in your bank account. You have to go to your online bank login and select Star Health Insurance IPO in the Invest section and apply through your bank account. Another option is you can apply for Star Health Insurance IPO through IPO form download through NSE and BSE. See the Star Health Insurance IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.

 

Star Health Company Financial Report:

Year Revenue Expense PAT
2021 ₹907 Crores ₹138 Crores 825 Crores
2020 ₹461 Crores ₹49 Crores 268 Crores
2019 ₹226 Crores ₹44 Crores 128 Crores

 

Promoters

  • SAFECROP INVESTMENTS INDIA LLP
  • WESTBRIDGE AIF I
  • RAKESH JHUNJHUNWALA

 

Registrar to the Offer

Kfin Technologies Private Limited
Selenium, Tower B,
Plot No- 31 and 32, Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222/ 1800 309 4001
E-mail: [email protected]
Investor grievance E-mail: [email protected]
Website: www.kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221

 

Star Health Insurance IPO Lead Managers

  • Kotak Mahindra Capital Company Limited
  • Axis Capital Limited
  • BofA Securities India Limited
  • Citigroup Global  Markets  India  Private Limited
  • ICICI Securities Limited
  • CLSA India Private Limited
  • Credit Suisse Securities (India) Private Limited
  • Jefferies India Private Limited
  • Ambit Private Limited
  • DAM Capital Advisors Limited
  • IIFL Securities Limited
  • SBI Capital Markets Limited

 

Company Address

Star Health and Allied Insurance Co Ltd
Registered Office:
No 1, New Tank Street,
Valluvarkottam High Road,
Nungambakkam, Chennai 600034
Ph: 044-28288800
Fax: 044-28260062
Email: [email protected]
Website: www.starhealth.in

 

About Star Health

Star Health Insurance 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, Star Health Insurance had a total GWP of ₹93,489.50 million. 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. Star Health Insurance are strategically focused on the retail health market segment and had retail health GWP of ₹82,150.90 million in Fiscal 2021. Star Health Insurance has 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 COVID19 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.

The Indian health insurance market continues to be underpenetrated, with a health insurance penetration of only 0.36% of GDP in 2019, compared to the global average of 2.0% of GDP, according to CRISIL Research. India has one of the lowest health insurance densities globally, based on per capita premium, at US$5 in 2019, according to CRISIL Research. We distribute our health insurance policies primarily through individual agents, which accounted for 78.9% of our GWP in Fiscal 2021.

Star Health Insurance has also successfully built one of the largest health insurance hospital networks in India, with more than 10,870 hospitals. Out of the total number of hospitals in our network, we have entered into pre-agreed arrangements with over 7,000 hospitals, or 64.9%, of the total number of hospitals in our network as of March 31, 2021, and in Fiscal 2021, we processed 0.33 million claims, or 55.0% of our total number of cashless claims, through our agreed network hospitals.

Star Health Insurance investments in digital technologies, data platforms and automation have been and we expect will continue to be key drivers that improve the effectiveness, efficiencies and innovations within our business.

 

BOARD OF DIRECTORS

Name Designation
Venkatasamy Jagannathan Chairman and CEO
Subbarayan Prakash Managing Director
Anand Shankar Roy Managing Director
Sumir Chadha Non-Executive Nominee Director
Deepak Ramineedi Non-Executive Nominee Director
Utpal Hemendra Sheth Non-Executive Nominee Director
Rohit Bhasin Independent Director
Anisha Motwani Independent Director
Berjis Minoo Desai Independent Director
Kaarthikeyan Devarayapuram Ramasamy Independent Director
Rajni Sekhri Sibal Independent Director
Rajeev Krishnamuralilal Agarwal Independent Director

 

Star Health Insurance IPO FAQs

What is Star Health Insurance IPO?

Star Health going to raise Approx Rs 7249 Crores via IPO. The issue is priced at ₹870 to ₹900 per equity share. The IPO is to be listed on BSE & NSE.

 

When Star Health Insurance IPO will open?

The IPO is to open on 30 November 2021 for QIB, NII, and Retail Investors.

 

What is Star Health Insurance IPO Investors Portion?

The investors’ portion for QIB 75%, NII 15%, and Retail 10%.

 

How to Apply the Star Health Insurance IPO?

You can apply for Star Health Insurance IPO via ASBA online via your bank account. You can also apply for ASBA online or via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply the Star Health Insurance IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Star Health Insurance Finance”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

 

How to Apply the Star Health Insurance IPO through Upstox?

Log in to Upstox Application. Select the IPO. You will see the IPO Name “Star Health Insurance Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

 

What is Star Health Insurance IPO Size?

Star Health Insurance IPO size is ₹7249 crores. The IPO comprises ₹2000 crore of fresh issues and offers for sale of 58,324,225 equity shares.

 

What is Star Health Insurance IPO Price Band?

Star Health Insurance IPO Price Band is ₹870 to ₹900 per equity share.

 

What is Star Health Insurance IPO Minimum and Maximum Lot Size?

The minimum bid is 16 shares with ₹14,400 amount while the maximum bid is 208 shares with ₹187,200.

 

What is Star Health Insurance IPO Allotment Date?

Star Health Insurance IPO allotment date is 07 December 2021.

 

What is Star Health Insurance IPO Listing Date?

Star Health Insurance IPO listing date is 10 December 2021. The IPO to list on BSE and NSE.

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