Star Health Insurance IPO- 30th November, 2021
Company Background
Star Health Insurance is India;s first Standalone Health Insurance provider.Star Health and Allied Insurance Co Ltd is providing sterling services in Health, Personal Accident and Overseas Travel Insurance etc. The company efforts have always been on service excellence and product innovation with a focus on delivering the best to their customers. Star Health has excellent products to cater everybody, be it individuals, families or corporates. The company work directly as well as through various channels like agents, brokers, online etc., Star Health is also prominently into Bancassurance having long standing relationship with various Banks.
Business Information
Star Health has underwritten a gross written premium of Rs.6865 Cr during the FY 2019-20 and has built up a promising path with an appreciable net worth of Rs.1889 Cr, as on 31st March 2020.Currently Star Health has 12800+ employees and 640+ branch offices all over India. The company work directly as well as through various channels like agents, brokers, online etc., Star Health is also prominently into Bancassurance having long standing relationship with various Banks.
Facts about the company
The company has a strong risk management focus along with a high quality customer service and superior claims ratio
The company sold nearly 43 lakh insurance policies in the period between April 2020 and November 2020
Promoter, Rakesh Jhunjhunwala will not be selling his shares in the OFS, according to the DRHP
- A strong and experienced senior management team
Points to note before investing in Star Health Insurance IPO
Largest private health insurance company in India with leadership in the attractive retail health segment.
Largest network distribution in the health insurance industry.
Diversified product suite with a focus on innovation and specialized products.
Demonstrated track record of operating and financial performance.
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 |
Listing At | BSE, NSE |
Allotment, Listing and Refunds details
Basis of Allotment Date | Dec 7, 2021 |
Initiation of Refunds | Dec 8, 2021 |
Credit of Shares to Demat Account | Dec 9, 2021 |
IPO Listing Date | Dec 10, 2021 |
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