Categories: IPO

Star Health Insurance IPO, Star Health & Allied Insurance IPO

Star Health Insurance IPO,

Free Demat Account

Star Health Insurance IPO, Star Health & Allied Insurance IPO

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

  1. To undertake its existing business activities
  2. 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 DateNov 30, 2021
IPO Close DateDec 2, 2021
Basis of Allotment DateDec 7, 2021
Initiation of RefundsDec 8, 2021
Credit of Shares to Demat AccountDec 9, 2021
IPO Listing Date (Trading
commence)
Dec 10, 2021
Star Health Insurance IPO Timeline, IPO Open Date, Listing Date, Refund Date

Offer Breakup

CategoryAllocation
Qualify Institutional Bidders (QIB)75%
Non Institutional Byers (NIB)15%
Retail Individual Investor (RII)10%
Employee
Total100%
Offer Breakup

Important Financial Data:

For the year/period ended (₹ in Crore) Last Three Year

Particulars
(in ₹ crore)
As at March 31, 2021As at March 31, 2020As at March 31, 2019
Total Assets31,44015,82216,023
Total Revenue7,4055,4544,275
Net Profit
for the period
-826268128
Important Financial Data:

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.

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