Highlights

  • Rs 7,249-crore IPO by Star Health & Allied Insurance Company (Star Health) opens for subscription on Monday
  • The price band has been set at Rs 870-900 per share for the IPO

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Star Health IPO: Why Rakesh Jhunjhunwala is bullish on it

Star Health IPO: Star Health has raised a little over Rs 3,217 crore from anchor investors ahead of its IPO. 

Will Rakesh Jhunjhunwala's backing 'insure' good returns for this IPO? That's the question many will ask as they evaluation the Star Health IPO that opens for subscription.

Here are the details you need to know to make an informed decision -:

Star Health IPO Details

  • Issue Dates: Open November 30, Closes Dec 2
  • Issue Price: Rs 870-900 per share
  • Minimum Lot: 16 shares
  • Minimum Investment: Rs 14,400
  • Size of the issue: To raise Rs 7,249 cr

About the Star Health company

Incorporated in 2006, Star Health and Allied Insurance Company Ltd (Star Health) is one of the largest private health insurers in India. It is owned by a consortium of investors like Westbridge Capital and Rakesh Jhunjhunwala. Jhunjhunwala and his wife Rekha Jhunjhunwala hold 14.98 per and 3.23 per cent stake at Star Health respectively.

Also read/watch: Does size really matter? Mega IPOs and their miserable returns

How is the financial health?

Due to high pandemic claims Star Health logged a loss of Rs 380.27 crore in six months to September 30, in addition to Rs 825.58 crore loss in FY20.The 15 year old firm has a 15.8 percent share in the overall health insurance market and a 31.3 percent share in the retail health insurance segment in FY21.

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