Star Health IPO GMP, Grey Market Premium, Kostak & Subject To Sauda Today

Star Health IPO GMP, Grey Market Premium, Kostak & Subject to Sauda Today:- Here we provided Star Health IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. Star Health IPO GMP is not started yer in the grey market but it will have some numbers soon.

Star Health IPO to hit the market on 30 December. The company to raise Rs 7249 crores via IPO that comprises ₹2000 crore of fresh issue and the Offer for Sale of 58,324,225 Equity Shares. It is one of the largest health insurance companies in India. The IPO price band is fixed at ₹870 to ₹900 Per Equity Share. Star Health Insurance IPO to list on NSE and BSE.

 

Star Health IPO GMP, Grey Market Premium, Kostak & Subject to Sauda Today

 

What is Star Health IPO GMP Today?

The Star Health IPO GMP aka grey market premium is RS 15.

 

What is Star Health IPO Kostak Rates Today?

The Star Health IPO kostak rate is ₹-.

 

What is Star Health IPO Subject to Sauda Price Today?

The Star Health IPO subject to sauda rates is RS.

 

Star Health IPO Expected Returns?

The Star Health expected return is -.

 

Star Health IPO GMP Live Rates day by day with Kotak rates.

Date GMP
Kostak Subject to
02 December Rs 15 ₹- ₹-
01 December Rs 15 ₹- ₹-
30 November Rs 15 ₹- ₹-
29 November Rs 10 ₹- ₹-
28 November Rs 10 ₹- ₹-
27 November Rs 10 ₹- ₹-
26 November Rs 40 ₹- ₹-
25 November Rs 70 – Rs 90 ₹- ₹-
24 November Rs 70 – Rs 90 ₹- ₹-

 

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 5249.18 Crores
 Face Value:  RS 10 Per Equity Share
 Price Band:  RS 870 to RS 900 Per Equity Share
 Listing on:  BSE & NSE
 Retail Quota:  10%
 QIB Quota:  75%
 NII Quota:  15%
 Discount:  N/A
 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 for 13 lot
 Maximum Amount: 187,200 for 13 lot

 

Star Health IPO Date, Time Table, Allotment & Listing

The Star Health IPO date is 30 November 2021 and the IPO close date is 02 December 2021. The allotment date is 07 December 2021 and the IPO may list on 10 December 2021.
 Price Band Announcement: 23 November 2021
 Anchor Investors Allotment:  29 November 2021
 IPO Open Date:  30 November 2021
 IPO Close Date:  02 December 2021
 Basis of Allotment:  07 December 2021
 Refunds:  08 December 2021
 Credit to Demat Account:  09 December 2021
 IPO Listing Date:  10 December 2021

 

Star Health IPO Reservation :

Star Health IPO Total Reservation of – shares are to be bid for the public issue by Star Health IPO with – for QIB and – for NII – For RII & – Shares EMP.

Category Reservation Shares Amount
QIB : 75 % 60,409,835 RS 5436.88 Cr
NII : 15 % 12,081,967 RS 1087.38 Cr
RII : 10 % 80,54,665 RS 724.92 Cr
EMP : – % RS
Total : 100 % 80,546,447 RS 7249.18 Cr

 

Star Health Insurance IPO Shares Offer :

A total of 80,546,447 shares are to be bid for the public issue by Star Health Insurance IPO with 22,222,222 for Fresh issue and 58,324,225 for an offer for sale Shares.

Category Shares Offers Amount
Fresh issue : 22,222,222 RS 2000 Cr
Offer For Sale : 58,324,225 RS 5249.18 Cr
Total : 80,546,447 RS 7249.18 Cr

 

Promoters

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

 

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

 

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.

 

Star Health Insurance IPO GMP FAQs:

 

What is Star Health Insurance IPO GMP Today?

Star Health Insurance IPO GMP is ₹ as of today.

 

What is Star Health Insurance IPO Kostak Rate Today?

Star Health Insurance IPO Kostak Rate is ₹- as of today.

 

What is Star Health Insurance IPO Subject to Sauda Today?

Star Health Insurance IPO Subject to Sauda is ₹ as of today.

 

What is Star Health Insurance IPO Expected Returns?

Star Health Insurance IPO Expected Returns is -%.

 

Disclaimer: We are not buying and selling IPO forms on IPO Grey Market. Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.

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