HomeInsuranceStar Health and Allied Insurance will open an IPO on November 30

Star Health and Allied Insurance will open an IPO on November 30


  • The health insurance IPO expects to raise £ 7,249 crore through a public offering of shares.
  • The IPO consists of a new share issue of Rs 2,000 and an offer to sell Rs 5.83 crores of shares by the existing founders and shareholders.
  • The Star Health and Allied Insurance IPO will begin on November 30 and close on December 2.

Star Health and Allied Insurance, backed by major investors such as Rakesh Jhunjhunwala and Westbridge Capital, is set to conduct an initial public offering (IPO) next week.

The company intends to raise RR 7,249 crore through a public offering of shares. The IPO price range is £ 870-900 per share.

The IPO consists of a new share issue of Rs 2,000 and an offer to sell Rs 5.83 crores of shares by the existing founders and shareholders.

Here are some important IPO dates:

Details of the problem
Price range 870 to 900 won
IPO opening date November 30th
IPO closing date December 2nd
Allocation date 7 december
Initiating a refund 8 december
Crediting shares to a demat account 9th December
IPO Listing Date December 10
Minimum batch 16

Safecrop Investments India LLP, APIS Growth 6, University of Notre Dame DU LAC, MIO IV Star, MIO Star, ROC Capital, Sai Satish, Venkatasamy Jagannathan, Konark Trust, Berjis Minoo Desai and MMPL Trust are all shareholders selling shares in the IPO.

The net proceeds from the fresh issue will be used to increase the company’s capital base and maintain the solvency level.

The share of a private insurance company in the Indian health insurance market in FY2021 is 15.8%. As of September 30, 2021, its distribution network includes 779 health insurance offices located in 25 states and 5 union territories of India. …

The insurance company suffered losses for the first time in three years in 21 fiscal years, while revenue continues to grow.

Star Health and Allied Insurance, backed by Rakesh Junjhunwala, is set to go public next week - here are some important details.
Prosperity graph

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