Star Health IPO

Star Health IPO GMP

Star Health IPO description – The company is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in Fiscal 2021, according to CRISIL Research. Established in 2006, it has been consistently ranked first in the retail health insurance market in India based on retail health GWP (Gross Written Premium) over the last three fiscal years. Its comprehensive health insurance product suite insured 20.5 million lives in retail health and group health, which accounted for 89.3% and 10.7%, respectively, of total health GWP in Fiscal 2021. It is focused on retail health market segment and had retail health GWP of INR82,150.90 million in Fiscal 2021.

The Indian health insurance market continues to be underpenetrated, with a health insurance penetration of only 0.36% of GDP in 2019, compared to the global average of 2.0% of GDP. India has one of the lowest health insurance densities globally, based on per capita premium, at USD5 in 2019. Its total number of individual agents grew at a CAGR of 27.3% from 0.29 million in Fiscal 2019 to 0.46 million in Fiscal 2021.

Its agency distribution channel also includes corporate agent banks and other corporate agents, which accounted for INR2,209.19 million and INR190.96 million, respectively, of its GWP in Fiscal 2021.

Promoter of Star Health – Safecrop Investments India LLP, WestBridge AIF I and Rakesh Jhunjhunwala.


Star Health IPO Details

Subscription Dates30 November – 2 December 2021
Price BandINR870 – 900 per share (employee discount: INR80 per share)
Fresh issueINR2,000 crore
Offer For Sale58,324,225 shares (INR5,074.21 – 5,249.18 crore)
Total IPO sizeINR7,074.21 – 7,249.18 crore
Minimum bid (lot size)16 shares
Face Value INR10 per share
Retail Allocation10%
Listing OnNSE, BSE

Star Health’s Financial Performance (in INR Crore)

 FY2019FY2020FY2021H1 FY2022
Premium received6,410.17,979.111,121.56,009.1
Operating income226.3462.0(907.8)(494.7)
Net income128.2268.0(825.6)(380.3)
Margin (%)2.03.4(7.4)(6.3)

Star Health IPO News


Star Health Valuation (as of FY2021)

Earnings Per Share (EPS): (INR16.54)
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): (23.69%)
Net Asset Value (NAV): INR63.58 per share


Star Health IPO GMP Daily Trend

DateStar Health IPO GMPKostakSubject to Sauda
2 Dec 2021 INR10 (Few trades)
1 Dec 2021INR15 (Few trades)
30 Nov 2021 INR20 (Few trades)
29 Nov 2021 INR20 (Few trades)
27 Nov 2021INR30 (Few trades)
26 Nov 2021INR50 (Few trades)
25 Nov 2021INR80INR150INR1,200
24 Nov 2021INR120INR200INR1,500

Star Health IPO Subscription Details (no. of times)

CategoryShares OfferedDay 1Day 2Day 3
QIB2,38,30,6020.000.071.03
NII1,19,15,3000.010.020.18
Retail79,43,5330.640.891.09
Employees12,19,5120.030.050.10
Total4,49,08,9470.120.200.79
Subscription figures in number of times, at 5:00 PM

Star Health Offer Reviews – Subscribe or Avoid?

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Motilal Oswal –
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Religare Broking – Unrated
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SMC Global – 2/5
Ventura Securities – Subscribe


Star Health And Allied Insurance IPO Registrar

Kfin Technologies Private Limited
Selenium, Tower B,
Plot No- 31 and 32, Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Phone : +91 40 6716 2222/ 1800 309 4001
E-mail: [email protected]
Website: www.kfintech.com


Star Health And Allied Insurance Contact Details

Star Health and Allied Insurance Company Limited
No.1,New Tank Street
Valluvarkottam High Road
Nungambakkam, Chennai
Tamil Nadu 600 034 India
Phone: +91 44 2828 8800
Website: www.starhealth.in
E-mail: [email protected]


Star Health IPO Allotment Status

Star Health IPO allotment will be available on KFin Technologies’ website. Click on this link to get allotment status.


Star Health IPO Timetable

IPO Opening Date: 30 November 2021
IPO Closing Date: 2 December 2021
Finalisation of Basis of Allotment: Coming soon
Initiation of refunds: Coming soon
Transfer of shares to demat accounts: Coming soon
Listing Date: Coming soon
Opening Price on NSE: Coming soon
Closing Price on NSE: Coming soon


Star Health IPO FAQs

How many shares in Star Health IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply in Star Health Public Offer?

The best way to apply in Star Health IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Star Health IPO GMP today?

Star Health IPO GMP today is INR10 per share.

What is Star Health IPO kostak rate today?

Star Health IPO kostak rate today is NA per application.

What is Star Health Subject to Sauda rate today?

Star Health Subject to Sauda rate today is NA per application.

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