Today, we have got an IPO review and update named Star Health Insurance IPO. Mr Rakesh JhunJhunwala, the chairman of the corporation is planning to raise the company capital by releasing its shares for sales to the public through the medium of Initial Public Offering. They have already announced that on what date they will issue their shares. According to the source, they are going to issue their shares on November 30, 2021. Now, we are going to tell you that how many equity shares they will offer for sales.
And how much we have to pay for each share. As per the reports, Star Health Insurance is going to raise ₹7249 crores IPO that comprises fresh equity of ₹2000 and offer for sale up to 58.324,225 equity shares of ₹10 each. The retail quota is 10% with QIB 75% and HNI 15%.
Star Health Insurance IPO & Company Details
Let’s have a look at the company background. Star Health Insurance corporation is a single health insurance provider licensed by IRDA. Since 2006 they have been running their corporation as India’s Standalone Health Insurance provider.
They have broad Insurance services related to Health, Personal Accident and Overseas Travel Insurance etc. Under the Insurance corporation, they facilitate various channels, agents, brokers, and online platforms.
At Present they have been counted on Indias largest hospital network all over India with 11000 hospitals.
Star Health Insurance IPO Date & Price Band
| IPO Opening Date | Nov 30, 2021 |
| IPO Closing Date | Dec 2, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹870 to ₹900 per equity share |
| Market Lot | 16 Shares |
| Min Order Quantity | 16 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹7,249.18 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹2,000.00 Cr) |
| Offer for Sale | 58,324,225 Eq Shares of ₹10 (aggregating up to ₹5,249.18 Cr) |
| Employee Discount | 80 |
Star Health Insurance IPO Date, Time Table, Allotment & Listing
The Star Health Insurance IPO opening date is Nov 30, 2021, and the closing date is Dec 2, 2021. The issue may list on Dec 10, 2021.
| IPO Open Date | Nov 30, 2021 |
| IPO Close Date | Dec 2, 2021 |
| Basis of Allotment Date | Dec 7, 2021 |
| Initiation of Refunds | Dec 8, 2021 |
| Credit of Shares to Demat Account | Dec 9, 2021 |
| IPO Listing Date | Dec 10, 2021 |
Star Health Insurance IPO Lot Size
The Star Health IPO market lot size is 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹187,200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 16 | ₹14,400 |
| Maximum | 13 | 208 | ₹187,200 |
Star Health Insurance Company Financial Report
| ₹ In crores | |||
| Revenue | Expense | PAT | |
| 2019 | ₹226 | ₹44 | ₹128 |
| 2020 | ₹462 | ₹49 | ₹268 |
| 2021 | -₹908 | ₹138 | -₹826 |
After getting all information regarding Star Health Insurance IPO date, Price, and quota benefit. For the past record company has been suffering for 18 months since the pandemic. That’s why they have been getting negative reviews about company thoughts and procedures. And obviously, they are charging a heavy price on their shares. The investors might be interested if they give a 10 % quota for the retail investors. Due to which it might be risky to invest or buy in the company. For the latest updates and reviews of companies, IPO keeps following us on All Social Updates.