Fri, Dec 10, 2021
The counter is listed at around a 6 per cent discount to Rs 848.8 per share on the BSE and Rs 845 per share on the NSE. It made a 52-week high of Rs 910.9 per share on the BSE and Rs 911 per share on the NSE during the early morning trade on Friday.
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Immediate after listing, the scrip witnessed buying interest, wherein at around 10:11 am, it is up 5 per cent to Rs 894.5 per share on the BSE, and 7 per cent to 910 per share from listing price.
The initial public offer (IPO), which was launched between November 30 and December 1, 2021, had witnessed a poor subscription response. The offer was filled a mere 79 per cent than the issue offered.
Thu, Dec 09, 2021
There are two Rakesh Jhunjhunwala-backed companies that are in the news due to their initial public offerings (IPOs).
Wed, Dec 08, 2021
India`s largest private health insurer Star Health has cut the size of its initial public offering (IPO) to 64 billion rupees ($848.02 million) from 72.49 billion rupees earlier, according to a prospectus dated Dec. 7.
Wed, Dec 01, 2021
The Initial public offering (IPO) of Star Health and Allied Insurance Co. Ltd, which opened on November 30, was subscribed 0.20 times on Day 2 till 05:00 pm.
Tue, Nov 30, 2021
In an exclusive chat with Zee Business Managing Editor Anil Singhvi, the managing directors of Star Health Insurance Dr S. Prakash and Anand Roy discuss the plan to use the proceeds raised from the initial public offer and why the company reported losses in FY21 so far.
The company has decided to allocate a total of 3,57,45,901 equity shares to 62 anchor investors at Rs 900 apiece, aggregating to Rs 3,217.13 crore, according to a circular uploaded on BSE website.
The market analysts believe that Star Health being serving in the insurance sector mainly medical insurance and on the back of the Covid scenario is a big positive for the company.
The Rs 7,249-crore IPO comprises a 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.
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