Star Well being Insurance coverage IPO: GMP, value, different particulars. Do you have to subscribe?


Star Well being Insurance coverage IPO (Preliminary Public Providing) goes to open for subscription on thirtieth November 2021 and it’ll stay open for bidding until 2nd December 2021. The general public concern price 7,249.18 crore might be listed at each NSE and BSE and the tentative date for itemizing of this Rakesh Jhunjhunwala-backed IPO is tenth December 2021. Nevertheless, plainly massive identify like Rakesh Jhunjhunwal will not be working in favour of the corporate’s share value efficiency within the gray market. As per the market observers, shares of Star Well being Insurance coverage have been nosediving within the gray market ever because it grew to become obtainable for commerce.

Right here we listing out necessary Star Well being Insurance coverage IPO particulars:

– Star Well being Insurance coverage GMP: In response to market observers, Star Well being Insurance coverage IPO GMP (gray market premium) right now is 30, which is 10 decrease from its yesterday’s GMP of 40. In final three days, Star Well being Insurance coverage IPO gray market premium has come down from 70 to 30 dropping greater than 50 per cent on this interval.

– Star Well being Insurance coverage value band: As per the Pink Herring Prospectus of the general public concern, value band of the IPO has been fastened at 870 to 900 per fairness share.

– Star Well being Insurance coverage date of subscription: As talked about above, the IPO will grow to be obtainable for bidding from thirtieth November 2021 and it’ll stay obtainable for subscription until 2nd December 2021.

– Star Well being Insurance coverage IPO allotment date: The tentative date for share allocation is seventh December 2021.

– Star Well being Insurance coverage IPO dimension: The corporate goals to boost 7,249.18 crore from this public concern.

– Star Well being Insurance coverage IPO lot dimension: A bidder will have the ability to apply for the general public concern in heaps and one lot of the IPO will comprise 16 firm shares. A bidder might be ready apply for minimal one lot of the IPO whereas the utmost heaps allowed to a single bidder is 13.

– Star Well being Insurance coverage funding restrict: As a bidder is allowed to use for minimal one lot and most 13 heaps, the minimal quantity required for investing in Star Well being Insurance coverage IPO is 14,400 ( 900 x 16) whereas most funding is capped at 1,87,200 [( 900 x 16) x 13].

– Star Well being Insurance coverage IPO subscribe or not: Talking on the basics of Star Well being Insurance coverage firm; Abhay Doshi, Founder at UnlistedArena.com mentioned, “Star Well being is the biggest standalone medical insurance (SAHI) supplier within the total Indian medical insurance market. From Fiscal 2019 to Fiscal 2021, their retail well being GWP grew at a CAGR of 32.5 per cent, which is phenomenal. Additionally, they’ve a dominating market share of 31 per cent in retail well being section. The Covid-19 pandemic has been a two-way sword for the medical insurance firms as undoubtedly, it has elevated consciousness amongst folks for medical insurance which can enhance GWP in future however for brief time period because of Covid-19, the claims have risen exceptionally excessive, which led the corporate to losses. On the monetary entrance, on the higher band of 900 Rs, it’s priced at a a number of of 14.15 to its guide worth and the corporate has incurred losses in FY21. The difficulty seems to be aggressively priced, which can preserve the IPO away from the flamboyant.”

Disclaimer: The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint.

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