Star Health Insurance IPO GMP, Gray Market Premium, Kostak Rates, Subject to Sauda rates Today, Subscription Status, Listing Date, Share Price, Lot Size, Allotment Status Date Know Full Details From Here.
Star Health and Allied Insurance Company Limited IPO will open From 30 November 2021, Rakesh Jhunjhunwala has a major stake in the company.
The price band of Rs 7,249 crore IPO has been fixed at Rs 870 to Rs 900. There is an offer for sale (OFS) of Rs 5,249 crore in the IPO and the company will raise Rs 2,000 crore by issuing new shares.
Qualified Institutional Buyers (QIBs) will have 75% reserve, 15% for non-institutional investors and 10% for retail investors. The listing Date of the company is expected on December 10.
Star Health IPO GMP
Star Health Insurance IPO grey market premium has more than 50 per cent. Market Watchers Says Star Health Insurance IPO GMP (Kostak Rates) today is Rs 30, which is Rs. 10 low from its yesterday’s Price Rs 40.
Star Health and Allied Insurance Company Ltd IPO Overview
|Name Of Company||Star Health|
|IPO SIze||Rs.7249 Cr|
|Application start/End date||30th November- 02 December 2021|
|IPO Allotment date||9 december 2021|
|Issue Type||Book Building IPO|
|face value||Rs 10|
|Share price band||Rs. 870 – Rs 900|
|Refund Initiation||8th december 2021|
|Shares credit Date In Demat||8 December 2021|
|Listing on exchange Date||10-12-2021|
|GMP Gray Market Premium Value||50 percent|
|listed on||BSE, NSE|
Star Health IPO Financial Details
Here’s a look at the company’s financial status
|Gross written premium||9,348.9||6,890.6||5,415.3|
|Profit after Tax||(825.5)||268.0||128.2|
Star Health Insurance Ltd IPO Gray Market Price, Lot Size
The company will have 16 shares in one lot and a maximum of 13 lots can be bid. The price band of Star Health IPO has been fixed at Rs 870 to 900 per equity share.
14,400 (900 x16) will have to be invested to bid a lot. To bid for a maximum of 13 lots, an investment of Rs 1,87,200 will be required.
experts say About the IPO of Star Health Insurance Market experts say that Star Health is the largest Standalone Health Insurance (SAHI) provider in the health insurance market.
The company has a large market share of 31% in the retail health segment. Awareness about insurance has increased in the Corona epidemic, but along with it, claims have also increased, due to which companies have suffered losses.