Star Health & Allied Insurance Co.Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 60,239,357 (85%) | — | ₹542,154 Cr |
| NII (HNI) | — | 2,267,392 (3%) | — | ₹2,041 Cr |
| Retail | — | 8,506,656 (12%) | — | ₹76,560 Cr |
| Employee | — | 112,592 (0%) | — | ₹101 Cr |
| Σ Total | — | 71,125,997 (100%) | — | ₹6,401,340 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹187,200 |
| S-HNI (Min) | 14 | 224 | ₹201,600 |
| B-HNI (Min) | 67 | 1,072 | ₹964,800 |
Financial Statements Amount in Crore
| Metric | 30-Sep-21 | 30-Sep-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 495 | 334 | 908 |
| Profit After Tax | 380 | 199 | 826 |
| Total Assets | 4,975 | 2,101 | 4,467 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Augmentation of the Company’s capital base –
Company Overview
Incorporated in 2006, Star Health and Allied Insurance Company Ltd is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021. The company primarily focuses on the retail health and group health segments which accounted for 89.3% and 10.7% of the company's total GWP in Fiscal 2021 respectively.
The company mainly distributes policies through individual agents and also includes corporate agent banks and other corporate agents. As of Sep 31, 2021, its network distribution includes 779 health insurance branches across 25 states and 5 union territories in India. Star Health has also built one of the largest health insurance hospital networks in India with more than 11,778 hospitals.
Competitive strengths
- Largest private health insurance company in India with leadership in the attractive retail health segment.
- Largest network distribution in the health insurance industry.
- Diversified product suite with a focus on innovation and specialized products.
- Strong risk management with superior claims ratio and quality customer services.
- Demonstrated track record of operating and financial performance.