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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹6018.68 Cr |
| Fresh Issue | ₹2000.66 Cr |
| Offer for Sale | ₹4018.03 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹870.00-900.00 per share |
| Discount | Retail: 0.00,Employee: 80.00 |
| BSE Code | 543412 |
| NSE Code | STARHEALTH |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Kotak Mahindra Capital Co.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 16 shares and in multiples thereof
Incorporated in 2006, 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 and group health segments which accounted for 89.3% and 10.7% of the company's total GWP in Fiscal 2021 respectively.
The company mainly distributes policies through individual agents and also includes corporate agent banks and other corporate agents. As of Sep 31, 2021, its network distribution includes 779 health insurance branches across 25 states and 5 union territories in India. Star Health has also built one of the largest health insurance hospital networks in India with more than 11,778 hospitals.
Competitive strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmentation of the Company’s capital base |
| Period Ended | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 10,762.21 | 10,500.99 | 6,126.73 | 4,872.46 |
| Profit After Tax | -380.27 | -825.58 | 268.00 | 128.23 |
| NET Worth | 3,199.41 | 3,484.64 | 1,628.68 | 1.22 |
| Reserves and Surplus | 3,765.17 | 3,675.79 | 1,153.04 | 587.06 |
| Total Borrowing | 650.00 | 250.00 | 250.00 | 250.00 |
| Amount in ₹ Crore | ||||
