Star Health IPO is the third largest IPO in India this year. According to sources, the firm has set aside Rs 100 crore in stock for its staff. The net revenues from the Star Health IPO will be used to increase the company’s capital base and save the company from going bankrupt.
Star Health and Allied Insurance Company Ltd is based in Chennai, Tamil Nadu and was established in 2006. With a market share of 15.8% in Fiscal 2021, it is one of India’s largest private health insurers.
| IPO Opening Date | Nov 30, 2021 |
| IPO Closing Date | Dec 2, 2021 |
| 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 |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹7,249.18 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹2,000.00 Cr) |
| Offer for Sale | 58,324,225 Eq Shares of ₹10 (aggregating up to ₹5,249.18 Cr) |
| Employee Discount | 80 |