Star Health Insurance IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The Star Health Insurance IPO will hit the market soon, and you can apply for the IPO from 30th November to 2nd December 2021. Star Health Insurance is planning to raise ₹7,249.18 Crores through an IPO which consists of a fresh issue of ₹2,000 Crores worth equity and OFS (Offer For Sale) of ₹5,249.18 Crores by existing shareholders.

Rakesh Jhunjunwala backed Star Health Insurance is the only insurance company licensed by IRDA. They started their operations in 2006 and now they have one of the largest networks in the insurance sector. Health Insurance, Term insurance, Overseas Travel Insurance, Accidental insurance, etc. are the services provided by them. 

They work with individuals, families, and corporations directly to cater the insurance services. In India, they have the largest health insurance hospitals network with more than 11,500 hospitals. With more than 12,000 employees and 640 branches in India, they are one of the largest insurance providers in India.

Star Health Insurance IPO Dates & Price Band:

Open date30th November 2021
Close date2nd December 2021
Total Size of IPO₹7,249.18 Cr.
Fresh Issue 2,000 Cr.
Offer for Sale₹5,249.18 Cr.
Price Band₹870- 900
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion10%

Star Health Insurance IPO Market Lot:

The minimum market lot of Star Health Insurance IPO is 16 shares with 14,400 applications. Retail investors can apply for 13 lots with 208 shares application worth187,200.

ApplicationLotSharesCut Off Amount
Minimum (RII)11614,400
Maximum (NII)13208187,200

Should you subscribe to Star Health Insurance IPO?

We have researched and mentioned the strengths and risks of the Star Health Insurance IPO. The final verdict will help you make the right decision.

Strength – 

  • The company is backed by Rakesh Jhunjunwala. 
  • Strong partnership with more than 11,500 hospitals. 
  • Largest private health insurance company in partnerships with corporates, individuals, and families. 
  • Diversified product suite with multiple insurance services.

Risks

  • Catered huge loss due to Covid Pandemic. 
  • Lots of competition in the Insurance sector.

Honest Reviews – 

Analyzing the financials of Star Health Insurance, we saw that they have catered huge losses in a covid pandemic. The spread of new corona variants in India can affect the financials of a company badly. The company has a strong network of clients so in the long term they can perform well. But still, it’s a risky bet.

Listing gains in the Star Health Insurance IPO is not great. It’s early to predict but Star Health Insurance IPO can give average listing gains. You can keep a track of Latent View Analytics IPO GMP here.

Star Health Insurance IPO Allotment & Listing Dates:

Star Health Insurance IPO’s open date is 30th November and the closing date is 2nd December. Allotment of shares will be done on 7th December and the listing date on NSE & BSE is 10th December 2021.

Allotment Date for Star Health Insurance – 7th December 2021
Refund Date for Star Health Insurance – 8th December 2021
Credit of Shares to Demat Account – 9th December 2021
Listing Date for Star Health Insurance – 10th December 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Star Health Insurance IPO:

The financials of Star Health Insurance are good. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201922644128
2020 44648267
2021 -908139-824

Star Health Insurance IPO Registrar

Link Intime India Private Limited  
C-101, 247 Park, L.B.S. Marg, Vikhroli (West) Mumbai
400 KFin Technologies Private Limited
Selenium, Tower, B,
Plot No – 31 and 32 Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareedi 500 032, Telangana, India
Tel:+91 40 6716 2222/ 180034 54001
E-mail: starhealth.ipo@kfintech.com

Company Address

Star Health and Allied Insurance Co Ltd
Registered Office:
No 1, New Tank Street,
Valluvarkottam High Road,
Nungambakkam, Chennai 600034
Ph: 044-28288800
Fax: 044-28260062

Star Health Insurance IPO FAQs –


When will Star Health Insurance IPO open for Investors?

Star Health Insurance IPO will open on 30th November 2021 and will close on 2nd December 2021.

What is Star Health Insurance IPO Retail Portion?

The portion allocated for retail investors in Star Health Insurance IPO is 10%

How to apply for Star Health Insurance IPO?

You can apply Star Health Insurance IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Star Health Insurance IPO?

Analyzing the financials of Star Health Insurance, we saw that they have catered huge losses in a covid pandemic. The spread of new corona variants in India can affect the financials of a company badly. The company has a strong network of clients so in the long term they can perform well. But still, it’s a risky bet.

What is the allotment date for Star Health Insurance shares?

7th December 2021 is the allotment date for Star Health Insurance shares.

What is the listing date for Star Health Insurance IPO?

10th December 2021 is the listing date for Star Health Insurance. It will be listed on NSE and BSE.

What is the cutoff price for Star Health Insurance IPO?

The cutoff price for Star Health Insurance IPO is ₹900 per share.

Will Star Health Insurance IPO give listing gains?

Investors can invest for the listing gains in the Star Health Insurance IPO. It’s early to predict but Star Health Insurance IPO can give great listing gains by seeing its grey market premium. You can keep a track of  Star Health Insurance IPO GMP here.

How to Apply the Star Health Insurance IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Star Health Insurance Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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