Star Health & Allied Insurance Co.Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Nov 2021

Close Date

02 Dec 2021

Allotment

07 Dec 2021

Listing Date

10 Dec 2021

Exchange

NSE & BSE

Price Band

₹900

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹900

Per share

Face Value

₹10 per share

Lot Size

16 Shares

per lot

Issue Size

6,68,82,461 shares (aggregating up to ₹6,018.68 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,400

1 lot

Pre-IPO Holding

55,32,89,944 shares

Promoters

Post-IPO Holding

57,55,22,174 shares

Promoters

UPI Deadline

2021-12-02

Mandate

Anchor AllotmentMon, 29 Nov 2021

Basis of AllotmentTue, 07 Dec 2021

Refund InitiationWed, 08 Dec 2021

Demat CreditThu, 09 Dec 2021

Listing DayFri, 10 Dec 2021

UPI Mandate Deadline2021-12-02

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares2,22,32,230 shares (aggregating up to ₹2,000.66 Cr)

Offer for Sale4,46,50,231 shares of ₹10 (aggregating up to ₹4,018.03 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Star Health & Allied Insurance Co.Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 Dec 2021.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	71,125,997	100%	₹6,401.34

IPO Shares Offered

Star Health & Allied Insurance Co.Ltd. IPO total issue size: ₹6,401.34 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	71,125,997	₹6,401.34	100.00%

* Based on upper price band ₹900 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹900.00

Upper Band

Min Investment

₹14,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	32	₹28,800
Retail (Max — 13 Lots)	13	208	₹187,200
S-HNI (Min — 14 Lots)	14	224	₹201,600
B-HNI (Min — 70 Lots)	70	1,120	₹1,008,000

* Issue Price ₹900 × Lot Size 16 shares

IPO Schedule

Anchor

29 Nov 2021

✓ Done

IPO Open

30 Nov 2021

✓ Done

IPO Close

02 Dec 2021

✓ Done

Allotment

07 Dec 2021

✓ Done

Refunds

08 Dec 2021

✓ Done

Demat Credit

09 Dec 2021

✓ Done

Listing Day

10 Dec 2021

✓ Done

₹900.00

INR · BSE

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Issue ₹900.00 Live Price

About Star Health & Allied Insurance Co.Ltd.

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 strengthsLargest private health insurance company in India with leadership in the attractive retail health segment.Largest network distribution in the health insurance industry.Diversified product suite with a focus on innovation and specialized products.Strong risk management with superior claims ratio and quality customer services.Demonstrated track record of operating and financial performance.

Objects of the Issue

1 Augmentation of the Company’s capital base

Star Health & Allied Insurance Co.Ltd. Financials (Amount in Crore)

Revenue from Operations

₹907.8

31-Mar-21

₹334.3

30-Sep-20

₹494.7

30-Sep-21

Profit After Tax (PAT)

₹825.6

31-Mar-21

₹199.3

30-Sep-20

₹380.3

30-Sep-21

Particulars	30-Sep-21	30-Sep-20	31-Mar-21
Revenue from Operations	494.68	334.31	907.78
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	380.27	199.29	825.58
Net Worth	N/A	N/A	N/A
Total Assets	4974.94	2100.89	4466.57
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered7,11,25,997 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding55,32,89,944 shares

Post-Issue Promoter Holding57,55,22,174 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

starhealth.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Ambit Pvt.Ltd.

Axis Capital Ltd.

BOFA Securities India Ltd.

Citigroup Global Markets India Pvt.Ltd.

CLSA India Pvt.Ltd.

Credit Suisse Securities (India) Pvt.Ltd.

Dam Capital Advisors Ltd.

ICICI Securities Ltd.

IIFL Capital Services Ltd.

Jefferies India Pvt.Ltd.

Kotak Mahindra Capital Co.Ltd.

SBI Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Star Health & Allied Insurance Co.Ltd. IPO subscribed? ▲

Star Health & Allied Insurance Co.Ltd. IPO is subscribed 1.00 times by Dec 02, 2021. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Star Health & Allied Insurance Co.Ltd. IPO retail subscription status? ▼

The Star Health & Allied Insurance Co.Ltd. IPO retail category is subscribed 1.00 times as of 02 Dec 2021. The retail portion is oversubscribed.

How to subscribe Star Health & Allied Insurance Co.Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Nov 2021 and closes 02 Dec 2021. Min investment: ₹14,400 (1 lot = 16 shares). UPI mandate: 2021-12-02.

How many times Star Health & Allied Insurance Co.Ltd. IPO subscribed? ▼

The Star Health & Allied Insurance Co.Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Star Health & Allied Insurance Co.Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 07 Dec 2021. Refunds: on 08 Dec 2021.

When Star Health & Allied Insurance Co.Ltd. IPO will be listed? ▼

The Star Health & Allied Insurance Co.Ltd. IPO listing date is 10 Dec 2021, Friday. Listed on: NSE & BSE. Issue price: ₹900. Estimated listing: ₹900. GMP: NIL.

When Star Health & Allied Insurance Co.Ltd. IPO close? ▼

The Star Health & Allied Insurance Co.Ltd. IPO closes on 02 Dec 2021, Thursday. UPI mandate: 2021-12-02. Allotment: 07 Dec 2021. Listing: 10 Dec 2021.

Quick Actions

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Live Price LIVE

Last Price₹900.00

Change—

Issue Price₹900.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹900

Face Value₹10

Lot Size16 Sh

Min. Amount₹14,400

GMPNIL

Est. Listing₹900

Subscribed1.00x

Open Date30 Nov 2021

Close Date02 Dec 2021

Allotment07 Dec 2021

Listing Date10 Dec 2021

ExchangeNSE & BSE

UPI Deadline2021-12-02