Star Health and Allied Insurance Company Ltd IPO (Star Health IPO) Detail

Nov 30, 2021 - Dec 2, 2021

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

  • 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 Promoters:

Safecrop Investments India LLP, Westbridge AIF I and Rakesh Jhunjhunwala are the company promoters.

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

Objects of the Issue:

The IPO aims to utilize the net proceed to augment the company's capital base and insolvency level.

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
(aggregating up to ₹7,249.18 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹2,000.00 Cr)
Offer for Sale58,324,225 Eq Shares of ₹10
(aggregating up to ₹5,249.18 Cr)
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

Star Health IPO Promoter Holding

Pre Issue Share Holding 66.22%
Post Issue Share Holding 58.42%

Star Health IPO Review

The company has suffered a severe setback for the last 18 months working and based on its negative earnings, the issue appears aggressively priced. Its P/E cannot be ascertained due to negative EPS for the last one and half yearsââ‚-â„¢ financial data. Investors should not get carried away due to the 10% quota for the Retail investors. There is no harm in ignoring this issue. You may get a chance to buy at discount post listing. Read detail review...

Star Health IPO Subscription Status (Bidding Detail)

The Star Health IPO is subscribed 0.79 times on 12/2/2021 7:00:00 PM. The public issue subscribed 1.10 times in the retail category, 1.03 times in the QIB category, and 0.19 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Star Health IPO Prospectus

Star Health IPO Rating

Rating:Rated 3.1 stars
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Company Contact Information

Star Health and Allied Insurance Company Ltd
No.1, New Tank Street,Valluvarkottam High Road,
Nungambakkam, Chennai 600 034

Phone: +91 44 2828 8800

Star Health IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

Star Health IPO FAQs

Star Health IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹7,249.18 Crores. The issue is priced at ₹870 to ₹900 per equity share. The minimum order quantity is 16 Shares.

The IPO opens on Nov 30, 2021, and closes on Dec 2, 2021.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Star Health IPO using UPI as a payment gateway. Zerodha customers can apply in Star Health IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Star Health IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Star Health IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Star Health IPO opens on Nov 30, 2021 and closes on Dec 2, 2021.

Star Health IPO lot size is 16 Shares and the minimum order quantity is 16 Shares.

You can apply in Star Health IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Star Health IPO will be done on Dec 7, 2021, and the allotted shares will be credited to your demat account by Dec 9, 2021. Check the Star Health IPO allotment status.

The Star Health IPO listing date is not yet announced. The tentative date of Star Health IPO listing is Dec 10, 2021.

Star Health IPO Message Board

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