Sunday, November 28, 2021

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

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 ₹7249 crores via IPO that comprises fresh issue of ₹2000 crore 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 & 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.

Important 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 Insurance

    Star Health Insurance IPO Review

    • Risky

    Brokerage Firm IPO Reviews

    • ICICI Securities: Neutral
    • Axis Bank: Neutral
    • Angel One: Apply
    • B & K Securities: Neutral
    • Choice Equity: Apply
    • Religare Broking: Neutral

    Star Health Insurance IPO Date & Price Band

     IPO Open:  30 November 2021
     IPO Close:  02 December 2021
     IPO Size:  Approx ₹7249 Crores
     Fresh Issue:  Approx ₹2000 Crores
     Offer for Sale:  Approx 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%
     Discount:  ₹80for Employees
     DRHP Draft Prospectus:  Click Here
     RHP Draft Prospectus:  Click Here

    Star Health Insurance IPO Market Lot

    The Star Health Insurance IPO minimum market lot is 16 shares with ₹14,400 application amount. The retail investors can apply up-to 13 lots, 208 shares with ₹187,200 application amount.
     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 Insurance IPO Date, Time Table, Allotment & Listing

    The Star Health Insurance 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 Insurance IPO Form

    How to apply the Star Health Insurance IPO? You can apply Star Health Insurance IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Star Health Insurance IPO in the Invest section. The other option you can apply Star Health Insurance IPO via IPO forms download via NSE and BSE. Check out the Star Health Insurance forms - click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


    Star Health Insurance Company Financial Report

      ₹ in Crores

    Revenue Expense PAT
    2019 ₹226 ₹44 ₹128
    2020 ₹462 ₹49 ₹268
    2021 -₹908 ₹138 -₹826

    Company Promoters

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

    Star Health Insurance IPO RegistrarhQ

    KFin Technologies Private Limited
    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
    Note: Check Star Health Insurance IPO allotment status on KFintech website allotment URL. Click Here

    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: info@starhealth.in
      Website: www.starhealth.in

      Star Health Insurance IPO FAQs


      What is Star Health Insurance IPO?

      Star Health Insurance IPO is a main-board IPO. They are going to raise ₹- Crores via IPO. The issue is priced at ₹870 to ₹900 per equity share. The IPO 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 Star Health Insurance IPO via ASBA online via your bank account. You can also apply 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 with your credentials. 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.

      Note: The Star Health Insurance IPO details is announced officially. The IPO grey market premium (Star Health Insurance IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

      Open FREE Demat Account