Star Health Insurance IPO
Star Health and Allied
Insurance Co. Ltd. is the country’s first standalone insurance provider. The
company extends health, overseas travel and personal accident insurance
policies.
This insurance provider has been proactively catering to insurance policy
requirements of families, individuals and corporates since 2006. Star Health
Insurance has a longstanding relationship with multiple banks across India. It
operates directly and also through a well-connected network of third-party
agents and online channels.
Star Health Insurance IPO Objectives
- To augment its
capital base
- To address general corporate purposes
Star Health Insurance IPO - Details
Star Health IPO
comprises fresh issue worth Rs. 2000 crores and offer for sale of 60 million
shares from its shareholders and promoters.
75% of this share IPO
will be reserved for qualified institutional buyers. Similarly, 15% of shares
will be reserved for the non-institutional bidders, and 10% of shares will be
allocated to retail investors.
Why should you invest in Star Health Insurance?
Here are a few reasons to subscribe to Star Health
Insurance IPO –
- Star Health Insurance is a trusted name in the
insurance segment. Its brand image and prominent presence continue to help it
expand its market shares.
- This insurer has several upsides in terms of growth and revenue generation.
Its diverse product offerings, coupled with the surge in demand for health
insurance policies, serve as catalysts for future growth.
-The company has a strong financial standing that could only improve from this
point. This offers upsides to investors in regards to steady and substantial
revenue generation.
Competitive strengths
- Largest 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.
Company Financials:
|
Summary of financial Information
(Restated Consolidated) |
|||||
|
Particulars |
For
the year/period ended (₹ in Millions) |
||||
|
30-Sep-21 |
30-Sep-20 |
31-Mar-21 |
31-Mar-20 |
31-Mar-19 |
|
|
Total
Assets |
49,749.42 |
21,008.88 |
44,665.72 |
18,967.69 |
16,426.35 |
|
Total
Revenue |
- 4,946.80 |
3,343.05 |
- 9,077.76 |
4,619.61 |
2,262.54 |
|
Profit
After Tax |
- 3,802.69 |
1,992.87 |
- 8,255.81 |
2,680.02 |
1,282.26 |
Star Health IPO Details
|
IPO
Opening Date |
Nov 30, 2021 |
|
IPO Closing Date |
Dec 2, 2021 |
|
Issue Type |
Book Built Issue IPO |
|
Face Value |
₹10 per equity share |
|
IPO Price |
₹870 to ₹900 per
equity share |
|
Market Lot |
16 Shares |
|
Min Order Quantity |
16 Shares |
|
Listing At |
BSE, NSE |
|
Issue Size |
[.] Eq Shares of ₹10 |
|
Fresh Issue |
[.] Eq Shares of ₹10 |
|
Offer for Sale |
58,324,225 Eq Shares
of ₹10 |
|
Employee Discount |
80 |
Star Health IPO Tentative Timetable
The Star Health IPO open date is Nov 30, 2021, and
the close date is Dec 2, 2021. The issue may list on Dec 10, 2021.
|
IPO Open Date |
Nov 30, 2021 |
|
IPO Close Date |
Dec 2, 2021 |
|
Basis of Allotment
Date |
Dec 7, 2021 |
|
Initiation of
Refunds |
Dec 8, 2021 |
|
Credit of Shares to
Demat Account |
Dec 9, 2021 |
|
IPO Listing Date |
Dec 10, 2021 |
Star Health IPO Lot Size
The Star Health IPO market lot size is 16 shares. A
retail-individual investor can apply for up to 13 lots (208 shares or
₹187,200).
|
Application |
Lots |
Shares |
Amount (Cut-off) |
|
Minimum |
1 |
16 |
₹14,400 |
|
Maximum |
13 |
208 |
₹187,200 |
Following are the details of stakeholders’ off-loading of Star Health’s IPO
shares:
|
Stakeholders |
Quantities Off-Loading |
|
Safecorp Investments LLP |
3,06,83,550 Units |
|
Konark Trust |
1,37,810 Units |
|
MMPL Trust |
9,510 Units |
|
APIS Growth |
76,80,370 Units |
|
Mio Star Sister Firms |
82,21,300 Units |
|
Notre Dame University |
74,38,560 Units |
|
ROC Capital |
29,09,100 Units |
|
Venkatswamy J |
10,00,000 Units |
|
Sai Satish |
5,00,000 Units |
|
Berjis Minoo Desai |
1,44,000 Units |
How to Apply for
IPO?
You can
apply for the IPO in these ways:
Demat Account
If you’re
a new investor open demat account for free with Angel One using link https://tinyurl.com/k79bdf4z to begin your investment journey.
UPI
Alternatively, you can apply for IPO through UPI. First, you need to connect
your bank account with a preferred UPI platform. Then, link it with your Angel
One account. After that, you can use the UPI option present on the Angel One
website and app to subscribe to IPO.
Finally, go to the UPI app to book shares for the IPO.
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