Star Health Insurance IPO,
- Company All Details
- Parent Organization
- Founded
- Managing Director
- Company Promoters:
- About the company.
- The objective of the offer
- IPO Details
- Prospectus Document:
- Star Health Insurance IPO Timeline, IPO Open Date, Listing Date, Refund Date
- Offer Breakup
- Important Financial Data:
- What is Star Health Insurance IPO?
- Star Health & Allied Insurance IPO Open?
- Star Health & Allied Insurance Open?
- How to apply on Zerodha, Star Health and Allied Insurance Company Ltd through Zerodha?
Company All Details
Parent Organization
STAR HEALTH AND ALLIED INSURANCE COMPANY LTD.
Founded
2005
Managing Director
S. Prakash, Anand Ray.
Company Promoters:
Safecrop Investments India LLP, Westbridge AIF I and Rakesh Jhunjhunwala are the company promoters.
About the company.
The company 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 and the six months ended September 30, 2021, it had a total GWP (Gross Written Premium) of ₹9,348.95 crore and ₹5,069.78 crore, respectively. From being the first standalone health insurance (“SAHI”) company established in India in 2006, it 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.
The company is strategically focused on the retail health market segment and had a retail health GWP of ₹8,215.09 crore and ₹4,339.91 crore in Fiscal 2021 and the six months ended September 30, 2021, respectively. It has been consistently ranked first in the retail health insurance market in India based on retail health GWP over the last three Fiscal Years, according to CRISIL Research. The retail health market segment is expected to emerge as a key growth driver for the overall health insurance industry in India after the COVID-19 crisis in India due to low penetration of health insurance, high out-of-pocket expenses for healthcare costs and since only 10% of the population has insurance policies outside of government plans, according to CRISIL Research.
The objective of the offer
- To undertake its existing business activities
- To undertake the activities proposed to be funded from the Net Proceeds
IPO Details
Issue Amount : Upto Rs 7,249.18 Cr
Post Issue Implied Market Cap: Upto ₹51,806 Cr at Upper band
Total shares on offer : Upto 80,654,848 Equity Shares
Face Value : ₹10 per share
Price Band : ₹870 to ₹900
Lot Size : 16 shares
Registrar : Kfin Technologies Pvt Ltd
Prospectus Document:
Downlaod DRHP File
Star Health Insurance IPO Timeline, IPO Open Date, Listing Date, Refund Date
| 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 (Trading commence) | Dec 10, 2021 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 75% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 10% |
| Employee | – |
| Total | 100% |
Important Financial Data:
For the year/period ended (₹ in Crore) Last Three Year
| Particulars (in ₹ crore) | As at March 31, 2021 | As at March 31, 2020 | As at March 31, 2019 |
|---|---|---|---|
| Total Assets | 31,440 | 15,822 | 16,023 |
| Total Revenue | 7,405 | 5,454 | 4,275 |
| Net Profit for the period | -826 | 268 | 128 |
What is Star Health Insurance IPO?
Issue Amount : Upto Rs 7,249.18 Cr.
Issue Amount : Upto Rs 7,249.18 Cr.
Star Health & Allied Insurance IPO Open?
30 Nov 2021 to 2 Dec 2021.
Star Health & Allied Insurance Open?
30 Nov 2021 to 2 Dec 2021.
How to apply on Zerodha, Star Health and Allied Insurance Company Ltd through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Star Health IPO by login into Zerodha Console (back office) and Select an IPO application form.
Steps to apply in Star Health IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area 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. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.