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Star Health IPO

IPO Status: Listed [30th Nov 2021 to 2nd Dec 2021]

Rated 3/5 by Team InvestorGain
Star Health IPO Detail

Star Health, India's largest private health insurance company is coming up with an IPO of Rs. 7,249.18 Cr to list on the BSE and NSE. The IPO opens for subscription from 30 Nov to 2 Dec 2021. The IPO price band is fixed at Rs. 870-900, the floor price is 87 times, and the cap price is 90 times the face value. One can apply for the bid lot of 16 shares and its multiple. The IPO includes an employee reservation of Rs. 100 Cr and offers an employee discount of Rs. 80 per share. Stay updated with us to know more about the Star Health IPO issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Star Health IPO Details

IPO Issue Opening Date: 30th Nov 2021
IPO Issue Closing Date: 2nd Dec 2021
IPO Issue Price: ₹870-900 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: 20.4
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹7249.18 Cr
Offer for Sale: ₹5249.18 Cr
Fresh Issue: ₹2000 Cr
Face Value: ₹10 Per Equity Share
IPO Discount: Employee: ₹80
Promoter Holding Pre IPO: 66.22%
Promoter Holding Post IPO: 58.42%
Allotment Status: Allotment Status
BSE Code: 543412

Star Health IPO Important Dates

Get important updates regarding Star Health IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Star Health IPO dates
IPO Activity Date
Basis of Allotment Date* 7th Dec 2021
Refunds Initiation* 8th Dec 2021
Credit of Shares to Demat* 9th Dec 2021
IPO Listing Date* 10th Dec 2021

* - Tentative Dates

Star Health IPO Lots

IPO Activity Date
Issue Price ₹870-900
Market Lot: 16 Shares
1 Lot Amount: ₹14400
Min Small HNI Lots(2-10 Lakh): 224 shares (14 lots) - ₹201600
Min Big HNI Lots(10+ Lakh): - ₹1008000

Star Health IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
10-12-2021900-80--₹820 (-8.89%)10-Dec-2021 9:07

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Star Health

Star Health is India's largest private health insurer with a 15.8% market share in the Indian health insurance market in fiscal 2021. The company offers various insurance coverage options for retail health, group health, personal accident 162, and overseas travel, which accounted for 87.9%, 10.5%, 1.6%, and 0.01%, respectively, of total GWP in Fiscal 2021. Its products cater to all customers i.e. individuals, families, senior citizens, persons with pre-existing medical conditions across the middle-market customer segment. It is ranked first in the retail health insurance market in India.

Star health has a very strong distribution channel network of 779 branches across 25 states and 5 union territories in India. It also has the largest health insurance hospital network in India, with 11,778 hospitals as of Sep 30, 2021.

Star Health IPO Strengths

  • Largest private health insurance company with leadership in the retail health sector in India.
  • Largest spread distribution network with 779 health insurance branches.
  • Range of insurance coverage options to cater to different customer segments.
  • Consistently demonstrated operating and financial performance.
Incorporation Sector IPO Issue Size Website
2005 General Insurance ₹7249.18 Cr

Star Health IPO Objective

The key aim of the issue is to augment the company's capital base and insolvency level.

Our experts can help you prepare for SME IPO

Star Health IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 23,830,602 Shares
  • Non-Institutional Investors: 11,915,300 Shares
  • Retail Individual Investor: 7,943,533 Shares
  • Employees Quota: 1,219,512 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered23,830,602 (53.06%)11,915,300 (26.53%)7,943,533 (17.69%)1,219,51244,908,947
130th Nov 2021 18:510.00x0.01x0.64x0.03x0.12x
21st Dec 2021 17:020.07x0.02x0.89x0.05x0.20x
32nd Dec 2021 19:021.03x0.19x1.10x0.10x0.79x
Star Health financial
Star Health Financials (₹ in Cr) 30-Sep-2021 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹4,974.94 ₹4,466.57 ₹1,896.77 ₹1,642.64
Total Income ₹(501.57) ₹(907.78) ₹461.96 ₹226.25
Net Profit/Loss ₹(127.89) ₹(825.58) ₹268.00 ₹128.23

Company Address

Star Health and Allied Insurance Company Ltd
No.1, New Tank Street,Valluvarkottam High Road, Nungambakkam
Chennai,Tamil Nadu-600034
Phone: +91 44 2828 8800
Email: [email protected]

Star Health IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Star Health IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Star Health? Should I apply in Star Health IPO?

Last Updated on 16-Dec-2021 10:28:23

User Reviews

6. Team InvestorGain Dec 02 2021 08:16:10 PM Reply
Star Health IPO has sailed through as 79% subscription is done (the requirement is 75%).

As per rule for such Issues where QIB portion is 75% and retail is 10%, in this case both these categories are fully subscribed.

Pl refer to Page 8

An earlier example was ICICI Securities where a similar situation was seen.
5. Rayan Rajkumar Godha Nov 23 2021 09:23:08 PM Reply
Star Health IPO expected listing gain.
4. Chandrika Nov 23 2021 09:23:08 PM Reply
Please confirm Star Health IPO GMP (grey market premium) and kostak.
3. navdeep  Nov 23 2021 09:23:08 PM Reply
Star Health IPO good or bad.
2. murali krishna Nov 23 2021 09:23:08 PM Reply
Star Health IPO whether to invest or not.
1. Mikul Basant Nov 23 2021 09:23:08 PM Reply
Star Health IPO - CRISIL Rating, Apply or not?.