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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 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 Date Nov 30, 2021 to Dec 2, 2021
Listing Date Friday, December 10, 2021
Face Value ₹10 per share
Price ₹870 to ₹900 per share
Lot Size 16 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹7,249.18 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹2,000.00 Cr)
Offer for Sale58,324,225 shares of ₹10
(aggregating up to ₹5,249.18 Cr)
Employee Discount 80
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

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

Star Health IPO Tentative Timetable

Star Health IPO opens on Nov 30, 2021, and closes on Dec 2, 2021. The Star Health IPO bid date is from Nov 30, 2021 10.00 A.M. to Dec 2, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 30, 2021
Closing Date Dec 2, 2021
Basis of Allotment Dec 7, 2021
Initiation of Refunds Dec 8, 2021
Credit of Shares to Demat Dec 9, 2021
Listing Date Dec 10, 2021

Star Health IPO Lot Size

The Star Health IPO 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
Retail (Min) 1 16 ₹14,400
Retail (Max) 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 Dec 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)
QIB1.03
NII0.19
Retail1.10
Employee0.10
Total0.79

Star Health IPO Prospectus

Star Health IPO Rating

1042
3.1
Rating:Rated 3.1 stars
Vote Here ...

Star Health IPO Listing Date

Listing Date Friday, December 10, 2021
BSE Script Code 543412
NSE Symbol STARHEALTH
Listing In B Group of Securities
ISIN INE575P01011
IPO Price ₹900 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹900.00
₹848.80
₹827.50
₹940.00
₹906.85
NSE
₹900.00
₹845.00
₹828.00
₹940.00
₹906.85

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
Email: investors@starhealth.in
Website: http://www.starhealth.in/

Star Health IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: starhealth.ipo@kfintech.com
Website: https://karisma.kfintech.com/

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 share. The minimum order quantity is 16 Shares.

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

KFin Technologies 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 .

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 on Friday, December 10, 2021.
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Star Health IPO Message Board

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753 Comments

361. RavinderG |   Link |Jan 13, 2022 9:21:03 PM
Glad I did not apply in this. Even now valuation looks high in the market.
360. Nishiket |   Link |Dec 24, 2021 1:43:26 PM
At what level is it advisable to enter this stock?
360.1. RavinderG |   Link |Jan 13, 2022 9:24:32 PM
I would wait till the next correction in the broader market. Till then wait and watch.
359. ipobull |   Link |Dec 10, 2021 9:52:41 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Jhunjhunwala ka khel khatam. It will list @ 845 on NSE. Will go down further very soon
359.16. Asoke sarkar |   Link |Dec 10, 2021 11:04:10 AM
IPO Mentor IPO Mentor (500+ Posts, 600+ Likes)
@ friends
Nothing is personal here.
Whosoever has confidence buy at this level of 900
Whosoever has no confidence short /sell at this level.
As a disclosure , I have covered a short sell bid at 886.8 , initiated at 928.8
I shall short again at 947.8/967.8 if got at all . Present set up shows huge chance of one more upward thrust. I shall buy it if differential price exceeds the desired level .No position to carry.

An ipo which cannot give 5% gain , can''t be a matter of discussion.
Thanks

359.17. ipobull |   Link |Dec 14, 2021 10:42:57 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
@Amit and Montyy,
Have you now understood what I was telling with this RJ-promoted stock @ 860 well below its IPO price? If still not understood, please buy with hopes of some returns at least.
358. rsk |   Link |Dec 10, 2021 9:41:27 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
RJ has filed SAST on BSE that he holds 100753935 shares (17.5065%) of outstanding 575522174 shares.

There is no bulk/block trade disclosed so far.
RII + NII + QIBs were issued 31136560 shares = 5.41%
of which approximately 0.83% delivery on NSE/BSE
Anchors were issued 35745901 shares = 6.2% (lockin for 1 month)
357. StockTerminator |   Link |Dec 10, 2021 1:01:49 PM
IPO Mentor IPO Mentor (500+ Posts, 600+ Likes)
Under subscribe tha to itna khula, full subscription hota to kaha pe jake khulta ye, overall splendid listing, RJ rocks
357.1. Secret Superstar |   Link |Dec 10, 2021 2:53:35 PM
सट्टा बाज़ार का सबसे बड़ा उदाहरण ..... जिसको 900 मे किसी ने नहीं लिया अब मार्केट मे 900 से ऊपर चल रहा है
357.2. J Rakesh |   Link |Dec 10, 2021 6:54:03 PM
It is kept up only by the punters otherwise it is to be fall below 450. wait for some time it will show the colour after another issue of metro backed by BIG PUNTER RJ
356. Jainvipul |   Link |Dec 8, 2021 3:46:08 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Final issue size reduced to 6400.44 cr
356.3. Shaktimaaaan |   Link |Dec 9, 2021 9:28:16 PM
Will it be profitable if we short star health stock tomorrow when it opens??
Experts please advise
356.4. NeoLongus |   Link |Dec 10, 2021 6:16:25 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
@arunARUN - Are you a merchant bankers or ECM lawyer?
355. Amit Chheda |   Link |Dec 10, 2021 10:09:10 AM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Next gland pharma
355.1. ipobull |   Link |Dec 10, 2021 12:10:30 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Ha Ha Ha 🤣🤣🤣
355.2. Secret Superstar |   Link |Dec 10, 2021 2:52:34 PM
Gland Pharam QIB me 6 times subscribe hua tha
354. B.K. Singhania |   Link |Dec 10, 2021 12:30:10 PM
nice to see at ipo price now it will settle at this for atleast for 1 month so don''t get trapped
353. Arjun Rajkot |   Link |Dec 9, 2021 10:24:22 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Listing 750-825

Very Scary---))))
353.1. Adu |   Link |Dec 10, 2021 12:57:10 AM
Welcome sir we were missing your expert opinion on recent ipo''s
353.2. RANA BVN. |   Link |Dec 10, 2021 12:02:00 PM
એલાં ભાઈ અર્જુન તમારા વગર બધું નકામું છે ક્યાં છો તમે ? ભલા માણસ પોસ્ટ કેમ નથી મૂકતા
352. VIjay Kumar Gopu |   Link |Dec 10, 2021 10:17:00 AM
Stock is trading at 940/-. Any thoughts from experts on what is the best rice to purchase?
352.5. DuckkyDuck |   Link |Dec 10, 2021 11:21:39 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
On lighter note.. Dont blind-buy any rice. It depends on what stock you have.
If you are invested in LT foods then buy Daawat rice. If invested in KRBL then buy Indiagate rice. :D
352.6. VIjay Kumar Gopu |   Link |Dec 10, 2021 11:41:19 AM
Instead of Stock traders, I see rice mill guys jumping in with their ideas.
351. gjy |   Link |Dec 10, 2021 9:50:19 AM
IPO Guru IPO Guru (1400+ Posts, 3300+ Likes)
Listing as per GMP ( - 55 )
NSE = 845
351.4. Sachindian |   Link |Dec 10, 2021 11:10:19 AM
definite not -200
351.5. gjy |   Link |Dec 10, 2021 11:27:55 AM
IPO Guru IPO Guru (1400+ Posts, 3300+ Likes)
That''s the reason why I have posted that listing as per GMP ( Expectation ) and not 700
350. Nexus |   Link |Dec 10, 2021 11:26:56 AM
This stock is moving in a very narrow range for the last 1 hour. Its just above the issue price of 900. Very unusual price (non-)movement just couple of hours since Listing. Seems like a managed show!
349. TradingforLife |   Link |Dec 10, 2021 11:12:21 AM
"Star Health dominates the sector with about 31% market share in retail health insurance in India. I think this kind of dominance in an industry which is poised to grow is very rare."
https://www.moneycontrol.com/news/business/ipo/i-have-full-confidence-in-star-health-management-thats-why-i-havent-sold-any-shares-rakesh-jhunjhunwala-7810671.html
348. SMART RESEARCH |   Link |Dec 10, 2021 11:00:25 AM
Given a opportunity to exit
347. krupa |   Link |Dec 10, 2021 10:57:31 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Not bad at all

Good that ipo price ke up bhi bhav tika he

346. Regulagedda Ambica Prasad |   Link |Dec 10, 2021 10:19:19 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Quoting at 940. Risk was worth taking. Made only single application in retail.
345. TradingforLife |   Link |Dec 10, 2021 10:16:45 AM
Star Rocks everyone Shocks.
344. Cђøkdΐgสήg |   Link |Dec 10, 2021 9:35:43 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
If ye 20% bhi listing ke sath open ho jaye to me market chod dunga 🤣🤣🤣
344.1. Cautious ProPrio |   Link |Dec 10, 2021 9:55:15 AM
IPO Guru IPO Guru (1600+ Posts, 1000+ Likes)
And if operator game make it UC 20% ....
344.2. DuckkyDuck |   Link |Dec 10, 2021 10:14:06 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Chor do market ab.. 3% up.. dont know how is that possible..
Jab 900 par koi subscribe karne wale nahi the toh ab kaha se aa gaye??
343. lucky boy |   Link |Dec 10, 2021 10:09:06 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
star health above issue price-------- carry minati be like asmabhav bcccccccccccccccccccccccccccccc
342. Sachindian |   Link |Dec 8, 2021 2:50:36 PM
I am of the opinion that the QIBs have restricted themselves from applying because the experts had deemed it overpriced, the QIBs expected a discounted listing. They will be buying the script at discounted price after listing and it will get to the listing levels and above in short term
342.1. Sachindian |   Link |Dec 10, 2021 10:08:15 AM
As I said everyone is waiting for discounted listing so that they can buy, over valuation was hoax.