Star Health & Allied Insurance Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹870-₹900
- Lot size
- 16 shares
- Issue amount
- ₹7,249.18 cr
- Total subscription
- 0×
- Opens
- 30 Nov 2021
- Closes
- 2 Dec 2021
- Allotment
- 7 Dec 2021
- Listing
- 10 Dec 2021
Offer at a glance
Issue overview
- Issue size
- 6,68,82,461 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,920
- Fresh issue
- ₹2,000 cr
- Offer for sale
- ₹4,018.03 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 55,32,89,944
- Shares after issue
- 57,55,22,174
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 16 | ₹14,400 |
| sHNI | 14 | 224 | ₹2,01,600 |
| bHNI | 70 | 1,120 | ₹10,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
Incorporated in 2006, Star Health and Allied Insurance Company Ltd is one of India’s largest private health insurers, holding a market share of 15.8% in FY2021. The company mainly focuses on retail and group health insurance, which together accounted for most of its gross written premium during the year. Policies are largely sold through individual agents, along with corporate agents and bank partners. As of September 2021, Star Health had a wide distribution network of 779 branches across 25 states and 5 union territories, and one of the largest hospital networks in the country with over 11,778 empanelled hospitals.
Strengths
- Market Leader: Largest private health insurance company in India with a strong leadership position in the fast-growing retail health segment.
- Extensive Distribution Network: Possesses the largest distribution network in the health insurance industry.
- Diversified & Innovative Products: Offers a wide product suite with continuous focus on innovation and specialized offerings.
- Robust Risk Management: Maintains a superior claims ratio supported by strong underwriting discipline and high-quality customer service.
- Proven Performance: Demonstrated consistent operating excellence and strong financial track record.
Promoters
Safecrop Investments India LLP
Westbridge AIF I
Rakesh Jhunjhunwala
Registrar & documents
Lead manager
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 Limited, ICICI Securities Limited, IIFL Capital Services Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No.1, New Tank Street,Valluvarkottam High Road, Nungambakkam, Chennai 600 034
+91 44 2828 8800
[email protected]Company website ↗Understanding STARHEALTH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.