Star Health and Allied Insurance Company Ltd IPO Details, GMP and Subscription

 Star Health and Allied Insurance Company Ltd IPO

Details of the Star Health and Allied Insurance Company Ltd IPO :

  1. Issue Amount: ₹7249.18 Cr
  2. Face Value : ₹10 per share
  3. Price Band : ₹870 to ₹900
  4. Lot Size : 16 shares

Important dates for Star Health and Allied Insurance Company Ltd IPO :

  1. IPO Open: Tuesday, November 30, 2021
  2. IPO Close: Thursday, December 22, 2021
  3. Finalization of basis of allotment: 7th December 2021
  4. Refunds/Unblocking ASBA fund: 8th December 2021
  5. Credit of equity shares to DP account: 9th December 2021
  6. Trading commences: 10th December 2021

Grey Market Premium of Star Health and Allied Insurance Company Ltd IPO:

In the following data we can see how the Grey Market Premium of Star Health and Allied Insurance Company Ltd IPO varied in last few days

02nd Dec - Rs. 15
01st Dec  - Rs. 15
30th Nov - Rs. 15
29th Nov - Rs. 0 
28th Nov - Rs. 10
27th Nov - Rs. 10
26th Nov - Rs. 40
25th Nov - Rs. 90
24th Nov - Rs. 150

Star Health and Allied Insurance Company Ltd Company background:

Incorporated in 2006, Star Health and Allied Insurance Company Ltd is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021. The company primarily focuses on the retail health and group health segments which accounted for 89.3% and 10.7% of the company's total GWP in Fiscal 2021 respectively.

The company mainly distributes policies through individual agents and also includes corporate agent banks and other corporate agents. As of Sep 31, 2021, its network distribution includes 779 health insurance branches across 25 states and 5 union territories in India. Star Health has also built one of the largest health insurance hospital networks in India with more than 11,778 hospitals.

Disclaimer : This article is for educational purpose only and does not provide any buy or sell recommendation

Comments

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