Star Health and Allied Insurance IPO(Star health IPO)

Star Health IPO 2021
Upcoming Star Health IPO | Latest Star Health IPO

Star Health placed #1 in India’s retail health insurance industry based on retail health GWP.

Star Health Insurance is the largest private health insurance company and the largest retail health insurance company in India by health GWP (Gross Written Premium), with a 15.8% overall health insurance market share and a 31.3% retail health insurance market share in Fiscal 2021. The company is mainly focused on the retail health market segment with a GWP of Rs. 8,215.09 crores which accounted for 89.3% of the company’s total health GWP in Fiscal 2021.

From being the first standalone health insurance (SAHI) company established in India in 2006, the company has grown into the largest SAHI company in the overall health insurance market in the country with a total GWP of Rs. 9,348.95 crores and a pan-India distribution network of 737 health insurance branches spread across 26 states and 4 union territories in India as of March 31, 2021.

Their retail health GWP was more than three times that of the next biggest retail health insurance market player in Fiscal 2021, putting us in a strong position to continue to expand their company.

Star health IPO

Competitive Strengths

  • Largest private health insurance company in India with leadership in the attractive retail health segment;
  • One of the largest and well-spread distribution networks in the health insurance industry and integrated ecosystem;
  • Diversified product suite with a focus on innovative and specialized products;
  • Strong risk management focus with domain expertise driving a superior claims ratio and quality customer service;
  • Substantial investment in technology and innovative business processes; and
  • Demonstrated superior operating and financial performance

Company Promoters

  1. Rakesh Jhunjhunwala
  2. Safecrop Investments India LLP
  3. WestBridge AIFI

Company Financials

ParticularsFor the year/period ended ( in Cr.)
31-Mar-2131-Mar-2031-Mar-19
Total Assets10,500.996,126.734,872.46
Total Revenue(907.78)461.96226.25
Profit After Tax(825.58)268.00128.23

Objects Of The Issue

  • Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
  • To meet common corporate objectives.
Star health IPO
Object Of The Issue

Star Health IPO Peer Comparison

S. No.Company NamePE
1ICICI Lombard General Insurance Company Ltd47.78
2New India Assurance Company Limited15.93

Star Health IPO Risk

  • The global COVID-19 epidemic has had a severe impact on their company.
  • Maintaining market share and developing their business is dependent on their image, company’s reputation, and market perception, and any bad publicity might have a substantial unfavorable impact on their business.
  • Clients and/or regulators may file lawsuits against them for suspected mis-selling.
  • The cancellation of the voluntary quota share treaty (“VQST”) reinsurance treaty, as well as the modification in UPR accounting technique, have had a significant effect on their business.
  • Failure to react to technological development and the increasing usage of data in the Indian health insurance sector might have a negative impact on their business.

Other Threats

  • Their business is susceptible to corruption and misconduct, and such actions might have a significant negative impact on their operations.
  • Their Equity Shares are the subject of certain ongoing judicial procedures. Any negative outcome in these actions might have a significant negative impact on their business
  • It might have a significant negative impact on their business if they are unable to establish and extend their network of agents in a cost-effective way.
  • Inadequacies in their information technology platforms may have a significant negative impact on their business
  • Regulatory and legislative measures taken against them or their partners might hurt their reputation and have a significant negative impact on their company.

Star Health IPO – Details

IPO Opening Date30 November 2021
IPO Closing Date02 December 2021
Issue TypeBook Built Issue IPO
Issue Size7249.18 Crore
Face Value₹10 per equity share
IPO Price[870] To [900] Per Equity Share
Market Lot16 Shares (1 Lot)
Min Order Quantity16 Shares
Listing AtBSE, NSE
RegisterKFinTech Private Limited

Star Health IPO – Date Schedule

IPO Open Date30 November 2021
IPO Close Date02 December 2021
Basis of Allotment Date07 December 2021
Initiation of Refunds08 December 2021
Credit of Shares to Demat Account09 December 2021
IPO Listing Date10 December 2021

Star Health IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum11614,400
Maximum132081,87,200

Promoter Holding

Pre Issue Share Holding66.22%
Post Issue Share Holding58.42%

Star Health IPO Prospectus

Company Contact Information

Star Health and Allied Insurance Company Limited

No.1, New Tank Street,Valluvarkottam High Road, Nungambakkam,
Chennai Tamil Nadu 600 034 India

Telephone: +91 44 2828 8800
E-mail: investors@starhealth.in
Website: www.starhealth.in

Star Health IPO Registrar

KFin Technologies Private Limited

Selenium, Tower B, Plot No- 31 and 32
Financial District, Nanakramguda,
Serilingampally, Hyderabad
Rangareedi 500 032
Telangana, India

Tel: +91 40 6716 2222/ 180034 54001
E-mail: starhealth.ipo@kfintech.com
Website: www.kfintech.com

Star Health IPO Lead Manager(s)

1. Kotak Mahindra Capital Company Limited
2. Axis Capital Limited
3. BofA Securities India Limited
4. Citigroup Global Markets India Private Limited
5. ICICI Securities Limited
6. CLSA India Private Limited
7. Credit Suisse Securities (India) Private Limited
8. Jefferies India Private Limited
9. Ambit Private Limited
10. DAM Capital Advisors Limited
11. IIFL Securities Limited
12. SBI Capital Markets Limited

Star Health IPO FAQs

When Star Health IPO will open?

The Star Health IPO dates are 30 November 2021 To 02 December 2021.
What is the lot size of Star Health IPO?

Star Health IPO lot size and the minimum order quantity is [16 Shares].
How to apply for Star Health IPO?

You can apply in Star Health IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Star Health IPO listing date?

The Star Health IPO listing date is announced. The date of Star Health IPO listing is [10 December 2021].

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