Star Health and Allied Insurance Company on Wednesday said it has fixed a price band of Rs 870-900 a share for its Rs 7,249-crore initial public offering. Here are top 10 things to know about issue of Rakesh Jhunjhunwala-backed company:-

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1-OPEN CLOSE DATES: The three-day initial public offering (IPO) will open on November 30 and to conclude on December 2. 

2- BIDDING FOR ANCHORS: The bidding for anchor investors will open on November 29, the company announced.

3- SHARES: The IPO comprises fresh issue of equity shares worth Rs 2,000 crore and an offer-for-sale of up to 58,324,225 equity shares by promoters and existing shareholders.

4- OFS, Promoters: Those offering shares through the offer-for-sale are promoter and promoter group -- Safecrop Investments India LLP, Konark Trust, MMPL Trust -- and existing investors -- Apis Growth 
 Ltd, Mio IV Star, University of Notre Dame Du Lac, Mio Star, ROC Capital Pty Ltd, Venkatasamy Jagannathan, Sai Satish and Berjis Minoo Desai.

5- SHARE RESERVATION - The public offer includes a reservation of shares worth Rs 100 crore for employees. About 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.

6-  Rs 7249 CR: At the upper end of the price band, the initial share-sale is expected to fetch Rs 7,249.18 crore.

7- PROCEEDS from the fresh issue would be used to augment the company's capital base. 

8- LOT SIZE: Investors can bid for a minimum of 16 equity shares and in multiple thereof.

9- BACKED BY ACE INVESTER JHUNJHUNWALA: Star Health, leading private health insurer in the country, is owned by a consortium of investors like Westbridge Capital and Rakesh Jhunjhunwala.

10- LISTING: The equity shares of the company will be listed on the BSE and NSE.

At present, SBI Life Insurance Company, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company and ICICI Lombard General Insurance Company are the few insurance companies which are listed on the stock exchanges.