Star Health and Allied Insurance Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal
Star Health and Allied Insurance Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal

Star Health and Allied Insurance Ltd IPO

Opening Date

30, November 2021

Closing Date

02, December 2021

Face Value

Rs 10 per equity share

IPO Price Band

Rs 870 - 900

Minimum Order Quantity

16

Issue Size

₹7,249.18 Cr

 

The month of November 2021 is bringing a new wave of excitement in the stock market! With more than 5 biggest IPOs lined up, investors are informed to be aware of every momentum that takes place. One of the 5 major IPOs that will be going live this month is - Star Health and Allied Insurance Ltd. So, let’s delve deep into understanding some key elements about the company!

  • About the Company -

Star Health and Allied Insurance Company Ltd is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in Fiscal 2021, according to CRISIL Research. In Fiscal 2021, the company had a total GWP of ₹93,489.50 million. From being the first standalone health insurance ("SAHI") company established in India in 2006, the company has grown into the largest SAHI company in the overall health insurance market in India, according to CRISIL Research. Its comprehensive health insurance product suite insured 20.5 million lives in Fiscal 2021 in retail health and group health, which accounted for 89.3% and 10.7%, respectively, of its total health GWP in Fiscal 2021.

  • Star Health and Allied Insurance Ltd IPO details -

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Star Health and Allied Insurance Ltd IPO date and it’s share price.

  • Star Health and Allied Insurance Ltd IPO date -

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is announced to go live starting from 30th November 2021 until 2nd December 2021

  • Star Health and Allied Insurance Ltd issue size -

The total issue size of the latest IPO of Star Health and Allied Insurance Ltd is stated to be ₹7,249.18 Cr. The IPO number comprises a Fresh issue of ₹2,000 Cr. The offer price for sale of 60 million shares is stands at ₹5,249.18 Cr

  • Star Health and Allied Insurance Ltd IPO share price

The price band of the company’s upcoming IPO is stated to be from Rs 870 to Rs 900 per share.

  • Star Health and Allied Insurance Ltd IPO listing

Since the IPO of Star Health and Allied Insurance Ltd  is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

  • Star Health and Allied Insurance Ltd IPO objectives

According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards the

- Undertaking existing business activities;

- Undertaking the activities proposed to be funded from the Net Proceeds.

- To receive the benefits of listing of the Equity Shares, including to enhance the brand visibility and brand image among its existing and potential customers

Conclusion

Star Health and Allied Insurance Ltd, being the largest private health insurer in India has a strong hold over the market thus qualifying its potential to provide attractive financials over a period of time. If you want to invest in this new-age technology led company, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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