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 Dates | 30 November – 2 December 2021 |
| Price Band | INR870 – 900 per share (employee discount: INR80 per share) |
| Fresh issue | INR2,000 crore |
| Offer For Sale | 58,324,225 shares (INR5,074.21 – 5,249.18 crore) |
| Total IPO size | INR7,074.21 – 7,249.18 crore |
| Minimum bid (lot size) | 16 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Star Health’s Financial Performance (in INR Crore)
| Â | FY2019 | FY2020 | FY2021 | H1 FY2022 |
| Premium received | 6,410.1 | 7,979.1 | 11,121.5 | 6,009.1 |
| Operating income | 226.3 | 462.0 | (907.8) | (494.7) |
| Net income | 128.2 | 268.0 | (825.6) | (380.3) |
| Margin (%) | 2.0 | 3.4 | (7.4) | (6.3) |
Star Health IPO News
- Star Health IPO grey premium drops 75% but analysts positive
- Star Health and Allied Insurance IPO priced at INR870 – 900 per share
- Star Health IPO RHP
- Star Health IPO DRHP
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
| Date | Star Health IPO GMP | Kostak | Subject to Sauda |
| 9 Dec 2021 | -INR60 (discount) | – | – |
| 8 Dec 2021 | -INR60 (discount) | – | – |
| 7 Dec 2021 | -INR80 (discount) | – | – |
| 6 Dec 2021 | -INR50 (discount) | – | – |
| 4 Dec 2021 | – | – | – |
| 3 Dec 2021 | – | – | – |
| 2 Dec 2021 | INR10 (Few trades) | – | – |
| 1 Dec 2021 | INR15 (Few trades) | – | – |
| 30 Nov 2021 | INR20 (Few trades) | – | – |
| 29 Nov 2021 | INR20 (Few trades) | – | – |
| 27 Nov 2021 | INR30 (Few trades) | – | – |
| 26 Nov 2021 | INR50 (Few trades) | – | – |
| 25 Nov 2021 | INR80 | INR150 | INR1,200 |
| 24 Nov 2021 | INR120 | INR200 | INR1,500 |
Star Health IPO Subscription Details (no. of times)
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 2,38,30,602 | 0.00 | 0.07 | 1.03 |
| NII | 1,19,15,300 | 0.01 | 0.02 | 0.18 |
| Retail | 79,43,533 | 0.64 | 0.89 | 1.09 |
| Employees | 12,19,512 | 0.03 | 0.05 | 0.10 |
| Total | 4,49,08,947 | 0.12 | 0.20 | 0.79 |
Star Health Offer Reviews – Subscribe or Avoid?
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Asit C Mehta –
BP Wealth – Avoid
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Elite Wealth – Subscribe
GEPL Capital – Subscribe
Hem Securities – Long term subscribe
ICICIdirect – Not rated
KR Choksey – Subscribe
Marwadi Financial Services – Avoid
Motilal Oswal –
Nirmal Bang – Subscribe for long term
Religare Broking – Unrated
Samco Securities – Subscribe for long term
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 is now 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: 7 December 2021
Initiation of refunds: 8 December 2021
Transfer of shares to demat accounts: 9 December 2021
Listing Date: 10 December 2021
Opening Price on NSE: INR845 per share (down 6.11% from IPO price)
Closing Price on NSE: INR901 per share (up 0.11% from IPO price)
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 a discount of INR60 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.
Pl. Invest ln secondary makt.