Star Health Insurance IPO GMP: Listing Date, Kostak Rates, Gray Market Premium

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. 

Stock Market IPO GMP, Listing Date, Allotment Status, Subscription Status, Lot Size, Price Band

Star Health and Allied Insurance Company Ltd IPO Overview

Name Of CompanyStar Health
IPO SIzeRs.7249 Cr
Application start/End date30th November- 02 December 2021
IPO Allotment date9 december 2021
Issue TypeBook Building IPO
face valueRs 10
Share price bandRs. 870 – Rs 900
Refund Initiation8th december 2021
Shares credit Date In Demat8 December 2021
Listing on exchange Date10-12-2021
GMP Gray Market Premium Value50 percent
listed onBSE, NSE

Star Health IPO Financial Details

Here’s a look at the company’s financial status

ParticularsFY21FY20FY19
(₹ crore)
Gross written premium9,348.96,890.65,415.3
Profit after Tax(825.5)268.0128.2

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.

Important Links

Apply Online For Star Health Ltd IpoClick Here
Our WebsiteClick Here

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