The IPO (Initial public offering of Star health and allied Insurance Company opened on 30th November 2021. This would remain open for 3 days. Once the bidding is done, it would close on 2nd December 2021. Star health is a Chennai based leading private health insurance company owned by Rakesh Jhunjhunwala and Westbridge Capital.
It was incorporated in 2006. Star Health is the largest private health insurers in the country. It particularly has its focus on the retails health market.
The maiden issue of the Star Health IPO is backed by Rakesh Jhunjhunwala. The price band for the IPO would be somewhere in between Rs 870-900 per share. Star Health had announced On Monday that it had risen over Rs 3,217 crore from all of its anchor investors before the launch of the IPO.
The IPO is expected to fetch Rs7,249 crore. The company has divided the IPO into two parts.
Rs 5,249 are to be raised though sale and Rs 2,000 crore would be a fresh issue. Those interested in investing in Star health can bid for a minimum of 16 shares and in multiple of 16 shares. That would mean for a single lot, the investor would have to out Rs 14,400. The maximum possible investment could be 1, 87,200 which means around 208 shares.
