Star Health Insurance India has set a price band of Rs 820-900 for its public issue to hit the market early next week. Star Health IPO has huge potential regardless of how the stock market performs. Here is all you need to know about the Star Health IPO GMP, Price, Lot Size, Listing Date, Analysis 2021.
Star Health IPO, GMP, and Price
Star Health offers a wide range of health insurance products in India to individuals and corporate customers eligible under the regulatory framework. After being set up in 2006, it has been consistently ranked first in the Indian health insurance industry in terms of retail health GWP over the last three fiscal years.
Star Health and Allied Insurance Company Ltd. were incorporated as a private limited company on August 23, 1996. The company has a strong insurance penetration of 89.3% in the health segment and 10.7% in the group health segment as of March 31, 2016. The company is focused on the retail health market segment and had retail health GWP of INR82,150.90 million as of March 31, 2016.
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The Indian health insurance market is projected to be the fifth-largest in terms of premium by 2025, growing at a CAGR of 23.2% from USD36.5 billion in 2020 to USD106.8 billion in 2025.
At a lower penetration rate and a relatively untapped market, India offers an ideal growth opportunity for global health insurance players. The country’s two major private health insurance companies – Star Health and Allied – have been riding on their global parent – AIG –’s forays into Africa, Asia, Australia, etc.
Star Health IPO Grey Market Premium (GMP)
| IPO | GMP (₹) | IPO Price | Estimated Listing Price |
|---|---|---|---|
| Star Health | 130 | 900 | 1030 (14.44%) |
Star Health IPO: Lot Size
When it comes to the Star Health IPO lot, there here are the details you need to know. Lot Size is important to know so you can decide if you will buy this IPO or not.
| IPO Opening Date | Nov 30, 2021 |
| IPO Closing Date | Dec 2, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹870 to ₹900 per equity share |
| Market Lot | 16 Shares |
| Min Order Quantity | 16 Shares |
Star Health Listing Date
The IPO will list on the National as well as Bombay Stock Exchange. And when it comes to the listing date of this IPO, then the IPO listing date is 30 November 2021.
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Star Health IPO Analysis 2021
Star Health Insurance plans to raise ₹7,249-crore through its IPO on the New York Stock Exchange and the National Stock Exchange (NSE). The three-day offer will conclude on December 2. Bids for anchor investors will open on November 29.
Star Health And Allied Insurance Company Ltd. have filed its draft red herring prospectus with Sebi for its proposed initial public offer (IPO) to raise ₹2,000 Crore through an issue of shares and an offer-for-sale of equity shares held by promoters and existing shareholders.
The proposed issue comprises a fresh issue of equity shares worth ₹2,000 Crore, along with an offer-for-sale of up to 58,324,225 equity shares by promoters and existing shareholders.
SBI Life Insurance Company, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, are soon going to hit the stock exchanges. Moreover, SBI Life Insurance Company will be among the 10 largest companies in India if its plans succeed.
All these insurance companies listed on the Bombay Stock Exchange (BSE) will be listed on the BSE platform through an IPO (Initial Public Offering). This will enable them to raise capital, increasing their financial capabilities.
So, this was all about Star Health IPO GMP, Price, Lot Size, Listing Date, Analysis 2021. Hopefully, you will like our approach.
