Star Health & Allied Insurance

Mainboard

Insurance

Listed On: Dec 10, 2021 at ₹ 845.0(NSE)

₹ 14400 /16 Shares

Check Allotment

Price Summary

Last Closing

617.95 (-31.34%)

52 Week High

647.00

52 Week Low

454.80

Last Update

20-Sep-2024 3:30 PM

IPO Details

30 Nov, 2021

Open Date

02 Dec, 2021

Close Date

08 Dec, 2021

Allotment Date

10 Dec, 2021

Listing Date

Issue Price

₹870-900 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

845.0(NSE)

Listing Date

2021-12-10

Market Lot

16 Shares (₹14,400/-)

Lead Manager

Multiple

Issue Size

Total 7249.18 Crores : 2000 Crores Fresh Issue + 5249.18 Crores OFS

Retail Portion

10% (Number of Retail Applications : 4,96,400 Approx)

Subscription

0.80 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	2,38,30,602	1,19,15,300	79,43,533	12,19,512	4,49,08,947
Day 1 - 30-11-21 05:00 PM	0.00 x	0.02	0.64 x	0.03 x	0.12 x
Day 2 - 01-12-21 05:00 PM	0.07 x	0.02	0.89 x	0.05 x	0.20 x
Day 3 - 02-12-21 07:00 PM	1.03 x	0.19	1.09 x	0.09 x	0.80 x

Total No. of Applications: 412293 (Approx)

Retail Subscription on the basis of Applications: 0.83 times

Valuations

Earnings Per Share (EPS)

₹(14.35)/-

P/E Ratio

(62.74)

RoNW

(23.69)%

Net Asset Value (NAV) - As on 30.09.21

₹57.83

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	4,466.57	1,896.76	1,642.63
Revenue	(907.77)	461.96	226.25
Profit After Tax	(825.58)	268.00	128.22

About The Company

Star Health and Allied Insurance Company Ltd is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021. The company primarily focuses on the retail health market segment and ranked top in the retail health insurance market in India based on GWP over the last 3 fiscal years. It offers a range of flexible and comprehensive coverage options for retail health, group health, personal accident, and overseas travel, accounting for 87.9%, 10.5%, 1.6%, and 0.01%, respectively, of our total GWP in Fiscal 2021.The company mainly distributes policies through individual agents and also includes corporate agent banks and other corporate agents. As of March 31, 2021, its network distribution includes 737 health insurance branches across 26 states and 4 union territories in India. Star Health has also built one of the largest health insurance hospital networks in India with more than 10,870 hospitals.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Star Health	15.56	(62.7)	(23.69)%	494.68
ICICI Lombard	8.19	55.05	21.7%	12,666
New India Assurance	0.72	24.04	6.97%	31,087

- Promoter(s)

Pre Issue Share Holding: 66.22%

Post Issue Share Holding: 58.30%

Company Promoter(s)

Safecrop Investments India LLP
Westbridge AIF I
Rakesh Jhunjhunwala

IPO - Issue Objectives

The IPO aims to utilize the net proceed to augment the company's capital base and insolvency level.

IPO - Anchor Investors

Star Health raises Rs 3,217.13 crore from anchor investors, ahead of IPO opening

Marquee investors, who participated in the offer included Monetary Authority of Singapore, Government of Singapore, The New Economy Fund, Baillie Gifford Pacific Fund, WF Asian Smaller Companies Fund, Valiant Mauritius, Abu Dhabi Investment Authority, Desjardins Emerging Markets Fund, Lazard Emerging Markets, Aberdeen New India Investment Trust Plc, Morgan Stanley, SEI Institutional Investments Trust, WCM Focused Emerging Markets, Moraine Master Fund, Societe Generale, Partners Bay Master Fund, Segantiii India Mauritius, and NVIT Emerging Markets Fund

Domestic investors including SBI Life Insurance, HDFC Life Insurance, Max Life Insurance, Edelweiss, IIFL Special Opportunities Fund, and Bharti Axa Life Insurance also bought shares in the company.

IPO - FAQs

Ans. Star Health & Allied Insurance is a Mainboard IPO. The issue is priced at ₹870-900 per equity share. The minimum order quantity is 16 Shares. The IPO opens on Nov 30, 2021, and closes on Dec 2, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Star Health & Allied Insurance opens on Nov 30, 2021 and closes on Dec 2, 2021.

Ans. The size of Star Health & Allied Insurance is Total 7249.18 Crores : 2000 Crores Fresh Issue + 5249.18 Crores OFS.

Ans. The IPO price band is set between ₹870-900 per equity share.

Ans. To apply for Star Health & Allied Insurance IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Star Health & Allied Insurance in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Star Health & Allied Insurance is Dec 8, 2021.

Ans. The Star Health & Allied Insurance will be listed on Dec 10, 2021.

Ans. Follow the steps to check the allotment status for Star Health & Allied Insurance here.