Star Health IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Star Health and Allied Insurance
- Important Details – Star Health and Allied Insurance
- Objects of the Issue
- Star Health and Allied Insurance Limited Financials:
- Star Health IPO Details
- Star Health and Allied Insurance IPO DRHP & RHP
- Star Health IPO Lot Size
- Star Health IPO Lead Managers
- Star Health IPO Registrar
- Star Health IPO Allotment Date, Listing Date, and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered and Corporate Office
- Company Promoters
- Star Health IPO – FAQS
About Star Health and Allied Insurance
Star Health And Allied Insurance is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in Fiscal 2021. From being the first standalone health insurance (“SAHI”) company established in India in 2006, Star Health And Allied Insurance has grown into the largest SAHI company in the overall health insurance
market in India
The 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 the total health GWP in Fiscal 2021. Star Health And Allied Insurance has strategically focused on the retail health market segment and had retail health GWP of ₹82,150.90 million and ₹43,399.18 million in Fiscal 2021 and the six months ended September 30, 2021, respectively.
Star Health And Allied Insurance have been consistently ranked first in the retail health insurance market in India based on retail health GWP over the last three Fiscal Years. 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.
In Fiscal 2021, the retail health GWP was over three times the retail health GWP of the next highest retail health insurance market participant, according to CRISIL Research, positioning us well to continue to grow our business and market share
Competitive Strenghs
- Largest private health insurance company in India with leadership in the attractive retail health segment.
- Largest and well spread distribution networks in the health insurance industry
- Diversified product suite with a focus on innovative and specialized products
- Strong risk management focus with domain expertise driving a superior claims ratio and quality customer service
- Substantial investment in technology and innovative business processes.
- Consistently demonstrated superior operating and financial performance
- Experienced senior management team with strong sponsorship
Important Details – Star Health and Allied Insurance
| June 17, 2005 | The company was incorporated as ‘Star Health And Allied Insurance Company Limited, a public limited company, Tamil Nadu at Chennai |
| December 9, 2005 | The company was granted its certificate for commencement of business |
| March 16, 2006 | The company was granted its certificate to carry out the business of General Insurance |
Objects of the Issue
- to undertake the existing business activities; and
- to undertake the activities proposed to be funded from the Net Proceeds
Star Health and Allied Insurance Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in millions) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 44,665.72 | 18,967.69 | 16,426.35 |
| Total income | (9,077.76) | 4,619.61 | 2,262.54 |
| Total Expenses | 1,381.74 | 485.36 | 440.07 |
| Profit After Tax | (8,255.81) | 2,680.02 | 1,282.26 |
Star Health IPO Details
| Details | Star Health IPO Details |
|---|---|
| Public Issue | Initial Public offer of [.] Equity Shares comprising a Fresh Issue upto Rs. 20,000 million and an Offer for Sale of upto 58,324,225 equity shares |
| Issue Open Date | 30-Nov-21 |
| Issue Close Date | 02-Dec-21 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 870 – ₹ 900 |
| Face Value | ₹ 10 |
| Discount to Employee Reservation Category | ₹ 80 per Equity Share for Eligible Employees Category |
| Market Lot | 16 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 16 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | STARHEALTH |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Star Health and Allied Insurance IPO DRHP & RHP
Star Health IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 16 | ₹ 14,400 |
| Maximum | 13 | 208 | ₹ 1,87,200 |
Star Health IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited
- ICICI Securities Limited
- CLSA India Private Limited
- Credit Suisse Securities (India) Private Limited
- Jefferies India Private Limited
- Ambit Private Limited
- DAM Capital Advisors Limited
- IIFL Securities Limited
- SBI Capital Markets Limited
Star Health IPO Registrar
- KFin Technologies Private Limited
Star Health IPO Allotment Date, Listing Date, and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 30-Nov-21 |
| Bid / Offer Closes on | 02-Dec-21 |
| Finalisation of Basis of Allotment | 07-Dec-21 |
| Initiation of refunds | 08-Dec-21 |
| Credit of the Equity Shares | 09-Dec-21 |
| Listing Date | 10-Dec-21 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Net Profit (₹ in million) | NAV, as on March 31, 2021 (₹ per share) |
| Star Health and Allied Insurance Company Limited | 10 | (16.54) | (8,255.81) | 63.58 |
| ICICI Lombard General Insurance Company Ltd | 10 | 32.41 | 14,730.50 | 163.56 |
| New India Assurance Company Limited | 5 | 9.95 | 16,277.50 | 112.17 |
Company Registered and Corporate Office
No.1, New Tank Street,
Valluvarkottam High Road,
Nungambakkam,
Chennai Tamil Nadu 600 034
India ; Tel: +91 44 2828 8800
Website: www.starhealth.in
Company Promoters
- Safecrop Investments India LLP,
- Westbridge AIF I
- Rakesh Jhunjhunwala
Star Health IPO – FAQS
What is the Star Health IPO Price?
The Star Health IPO price band is ₹ 870 – ₹ 900 per share
When Star Health IPO will open?
The Star Health IPO opens on Nov 30, 2021 and closes on Dec 02, 2021
What is the lot size of Star Health IPO?
The Star Health IPO lot size is 16 Equity Shares and the minimum order quantity is 16 Equity Shares
Who is the Registrar for Star Health IPO?
The Registrar for Star Health IPO is KFin Technologies Private Limited
How to apply in Star Health IPO through UPI?
Check the step by step process here – Click here
How to apply in Star Health IPO through Zerodha?
Check the step by step process here – Click here
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