Rakesh Jhunjhunwala backed Star Health Insurance IPO date is fixed, The IPO is to hit the market on November 30, 2021. Star Health Insurance IPO to raise Rs. 7249 crores via IPO that comprises fresh issue of Rs. 2000 crore and offer for sale up to 58,324,225 equity shares of Rs.10 each. The retail quota is 10% with QIB 75% and HNI 15%.
Star Health & Allied Ins Co Ltd aka Star Health Insurance is a stand-alone health insurer provider licensed by IRDA. The company started its operations in 2006 as India’s first Standalone Health Insurance provider. They provide services in Health, Personal Accident and Overseas Travel Insurance, etc. They cater to individuals, families, and corporate as well as work directly with various channels, agents, brokers, and online platforms. They have the largest health insurance hospital networks in India with over 11000 hospitals. The company has over 12800 employees and over 640 branches in India. Check out Star Health Insurance IPO details.
The company is backed by Rakesh Jhunjhunwala.
One of the largest health insurance companies in India.
Largest health insurance network in India.
Star Health reported a huge loss in 2021 due to Covid-19.
Star Health IPO Details
| Subscription Dates | 30 November – 2 December 2021 |
| Price Band | INR870 – 900 per share |
| Fresh issue | INR2,000 crore |
| Offer For Sale | 58,324,225 shares (INR5,074.21 – 5,249.18 crore) |
| Total IPO size | INR7,074.21 – 7,249.18 crore |
| Minimum bid (lot size) | 16 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
| 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 |
| Rs. in Crores | |||||
| Revenue | Expense | PAT | |||
| 2019 | Rs. 226 | Rs. 44 | Rs. 128 | ||
| 2020 | Rs. 462 | Rs. 49 | Rs. 268 | ||
| 2021 | -Rs. 908 | Rs. 138 | -Rs. 826 | ||
- SAFECROP INVESTMENTS INDIA LLP
- WESTBRIDGE AIF I
- RAKESH JHUNJHUNWALA
Selenium, Tower, B,
Plot No - 31 and 32 Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareedi 500 032, Telangana, India
Tel:+91 40 6716 2222/ 180034 54001
E-mail: starhealth.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221
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Company Address
Star Health and Allied Insurance Co LtdRegistered Office:
No 1, New Tank Street,
Valluvarkottam High Road,
Nungambakkam, Chennai 600034
Ph: 044-28288800
Fax: 044-28260062
Email: info@starhealth.in
Website: www.starhealth.in
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