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Star Health Insurance IPO
Star Health and Allied Insurance Co. Ltd. is the country’s first standalone insurance provider. The company extends health, overseas travel and personal accident insurance policies. This insurance provider has been proactively catering to insurance policy requirements of families, individuals and corporations since 2006. Star Health Insurance has a longstanding relationship with multiple banks across India. It operates directly and also through a well-connected network of third-party agents and online channels.
Star Health Insurance IPO Objectives
- To augment its capital base
- To address general corporate purposes
Star Health Insurance IPO - Details
Star Health IPO comprises fresh issue worth Rs. 2,000 crores and offer for sale of 58,324,225 shares from its shareholders and promoters.
75% of this share IPO will be reserved for qualified institutional buyers. Similarly, 15% of shares will be reserved for the non-institutional bidders, and 10% of shares will be allocated to retail investors.
Opening Date
30 Nov 2021
Closing Date
2 Dec 2021
Issue Size
₹ 7,249.18 Cr
Face Value
₹ 10
per equity share
Market Lot
16 Shares
Opening Date
30 Nov 2021
Closing Date
2 Dec 2021
Price Band
₹870 to ₹900
per equity share
Issue Size
₹870 to ₹900
Face Value
₹ 10
per equity share
Market Lot
16 Shares
Listing at NSE, BSE
Star Health Insurance IPO Important Dates
| IPO Open Date | 30 Nov 2021 |
|---|---|
| IPO Close Date | 2 Dec 2021 |
| Basis Of Allotment Date | 7 Dec 2021 |
| Initiation Of Refunds | 8 Dec 2021 |
| Credit Of Shares To Demat ACcount |
9 Dec 2021 |
| IPO Listing Date | 10 Dec 2021 |
Star Health Insurance IPO Latest News and Subscription Status Today [Live]
At 10.40:00 AM.
- This IPO has been subscribed 0.22x by 10:40 AM. on Day 3
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.07x
- (NII) Non-institutional buyers: 0.07x
- (RII) Retail Individual buyers: 0.94x
- Employees: 0.06x
At 11.40:00 AM.
- This IPO has been subscribed 0.23x by 11:40 AM. on Day 3
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.07x
- (NII) Non-institutional buyers: 0.09x
- (RII) Retail Individual buyers: 0.96x
- Employees: 0.06x
At 12.40:00 PM.
- This IPO has been subscribed 0.35x by 12:40 PM. on Day 3
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.28x
- (NII) Non-institutional buyers: 0.10x
- (RII) Retail Individual buyers: 0.98x
- Employees: 0.06x
At 1.40:00 PM.
- This IPO has been subscribed 0.38x by 1:40 PM. on Day 3
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.32x
- (NII) Non-institutional buyers: 0.12x
- (RII) Retail Individual buyers: 1.02x
- Employees: 0.07x
At 3.10:00 PM.
- This IPO has been subscribed 0.69x by 3:10 PM. on Day 3
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.86x
- (NII) Non-institutional buyers: 0.16x
- (RII) Retail Individual buyers: 1.07x
- Employees: 0.07x
At 4.10:00 PM.
- This IPO has been subscribed 0.79x by 4:10 PM. on Day 3
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.03x
- (NII) Non-institutional buyers: 0.18x
- (RII) Retail Individual buyers: 1.08x
- Employees: 0.08x
At 5.10:00 PM.
- This IPO has been subscribed 0.79x by 5:10 PM. on Day 3
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.03x
- (NII) Non-institutional buyers: 0.19x
- (RII) Retail Individual buyers: 1.09x
- Employees: 0.10x
At 10.40:00 AM.
- This IPO has been subscribed 0.13x by 10:40 AM. on Day 2
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.71x
- Employees: 0.03x
At 11.40:00 AM.
- This IPO has been subscribed 0.14x by 11:40 AM. on Day 2
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.74x
- Employees: 0.03x
At 1.10:00 PM.
- This IPO has been subscribed 0.14x by 1:10 PM. on Day 2
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.78x
- Employees: 0.03x
At 2.10:00 PM.
- This IPO has been subscribed 0.14x by 2:10 PM. on Day 2
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.79x
- Employees: 0.03x
At 3.10:00 PM.
- This IPO has been subscribed 0.14x by 3:10 PM. on Day 2
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.83x
- Employees: 0.04x
At 4.30:00 PM.
- This IPO has been subscribed 0.20x by 4:30 PM. on Day 2
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.07x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.88x
- Employees: 0.05x
At 5.10:00 PM.
- This IPO has been subscribed 0.20x by 5:10 PM. on Day 2
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.07x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.89x
- Employees: 0.05x
At 10.40:00 AM.
- This IPO has been subscribed 0.05x by 10:40 AM. on Day 1
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.28x
- Employees: 0.00x
At 11.40:00 AM.
- This IPO has been subscribed 0.07x by 11:40 AM. on Day 1
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.39x
- Employees: 0.00x
At 12.40:00 PM.
- This IPO has been subscribed 0.08x by 12:40 PM. on Day 1
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.44x
- Employees: 0.00x
At 1.40:00 PM.
- This IPO has been subscribed 0.08x by 1:40 PM. on Day 1
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.47x
- Employees: 0.00x
At 2.40:00 PM.
- This IPO has been subscribed 0.10x by 2:40 PM. on Day 1
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.53x
- Employees: 0.01x
At 3.40:00 PM.
- This IPO has been subscribed 0.10x by 3:40 PM. on Day 1
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.57x
- Employees: 0.01x
At 5.05:00 PM.
- This IPO has been subscribed 0.12x by 5:05 PM. on Day 1
- It is a public issue of 4,49,08,947 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.64x
- Employees: 0.02x
How to apply for Star Health Insurance IPO?
You can apply for the Star Health Insurance IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Star Health Insurance IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel One, apply directly for Star Health Insurance IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.
Star Health Insurance – Noteworthy Highlights
Star Health Insurance occupied 52% of the market share in the health insurance segment in October 2020, making it one of the leaders in the space. In addition, this upcoming IPO makes Star Health the first pure-play and 4th insurance provider in the private sector to get listed on stock exchanges.
Some of the most prominent highlights of Star Health Insurance include :
- The company occupies 30% market share in the retail health insurance sector.
- It has an active network of over 9500 hospitals.
- Star Health Insurance has over 12800 employees.
- It has a robust network of 640 branch offices across India.
- Between the period of April 2020 and November 2020, the company sold nearly 43 lakh insurance policies.
Star Health Insurance IPO - SWOT Analysis
Competitor Analysis: Market Peers
Star Health Insurance company is a market leader in the insurance space. Regardless, the company has more than one market peer with a strong market presence. Here are a few of such market peers.
| Market Peers | Revenue |
| HDFC ERGO | $1.1B |
| Royal Sundaram General Insurance | $487.4M |
| MAX Bupa Health Insurance | $168.6M |
| Apollo Munich | $2.3M |
| Cigna Health Insurance | $2M |
| Religare Health Insurance | $4.7M |
| Trusted Tablets | $1.2M |
