Star Health IPO: Launch Date, Share Price, Issue Date, Review & Details

Star Health IPO Share Price | Star Health IPO Launch Date | Star Health IPO Valuation | Star Health IPO Review |

The race to establish a Star Health IPO has begun. The country’s first standalone insurance company is Star Health and Allied Insurance Co. Ltd. Star Health & Allied Insurance Co. Ltd, also known as Star Health Insurance, is an IRDA-licensed stand-alone health insurer. The company began operations in 2006. This insurance company has been proactive in meeting the insurance policy needs of families, people, and businesses. Health, international travel, and personal accident insurance are all offered by the company. Their focus has always been on quality service and innovative products, intending to provide the best possible service to their consumers. Individuals, families, and businesses can all benefit from Star Health’s superb products. They work with clients directly as well as through intermediaries such as agents, brokers, and the internet.

Since 2006, multiple banks in India have had a long-standing association with Star Health Insurance. It does business both directly and via a well-connected network of third-party agents and online platforms. Star Health is also heavily involved in bank assurance, with long-standing connections with a variety of financial institutions. They operate with a variety of channels, agents, brokers, and internet platforms to serve people, families, and businesses. In India, the company employs around 12800 people and has 640 locations. During the fiscal year 2019-20, Star Health underwrote a gross written premium of Rs.6865 crore and established a promising path with a net value of Rs.1889 crore as of March 31, 2020. Star Health currently employs over 12800 people and has 640 locations across India.  SEBI, the market regulator, has received a DRHP from the company. According to the DRHP, the business plans to raise a total of Rs. 3000 crores, with a fresh issue of Rs. 2000 crore and an offer for sale of 60,104,677 equity shares.

Star Health IPO Companies Strength

Some of the major companies’ strengths are as follows:

  • They are India’s largest private health insurance firm, with a stronghold in the lucrative retail health market.
  • Offer a wide range of products, with a focus on cutting-edge and specialist items.
  • They have one of the industry’s largest and most widely distributed networks, as well as an integrated ecosystem that allows us to continue to access the increasing retail health insurance market.
  • They have a top management team with a lot of experience and a lot of backing.
  • A strong risk management emphasis combined with domain expertise leads to a higher claims ratio and better customer service.
  • They have continuously outperformed our competitors in terms of both operational and financial success.
  • They have put a lot of money into technology and cutting-edge business operations.
Star Health IPO

Star Health IPO Companies Weaknesses

Star Health Insurance has a number of coverage options and policies that aren’t particularly distinctive. The company’s long-term prospects may be harmed by comparable features, identical services, and sluggish innovation.

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Company Opportunities

  • Strong financials and a larger market share can help the company grow in the long run if it decides to broaden its service offerings and areas of expertise.
  • As more people become financially aware and seek to account for their financial liabilities on their own, the demand for insurance coverage is increasing. This company may extend its market presence by capitalizing on this demand and expanding awareness of the need for health insurance.

Company Threats

  • Almost every insurance company has a similar set of products and services. This implies that potential buyers can easily find alternative products and services. The concern of losing potential and existing clients to niche enterprises is growing as the market becomes more competitive.

Star Health IPO Date & Price Band Details 

IPO Open:2021
IPO Close:2021
IPO Size:₹3000. Cr
Offer for Sale: 60,104,677 Equity Shares Approx
Fresh Issue: ₹2000 Crores Approx
Issue Size :₹3000. Cr
Face Value:₹10 Per Equity Share
Listing on:BSE & NSE
Price Band:₹- to ₹- Per Share
NII Quota:15%
Retail Quota:10%
QIB Quota:75%
RHP Draft Prospectus:Click Here
DRHP Draft Prospectus:Click Here
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Star Health Insurance IPO Date, Allotment & Listing, Time Table

The Star Health Insurance IPO Date, Allotment & Listing, Time Table is given in the table below:

IPO Open DateOct-Dec 2021
IPO Close DateOct-Dec 2021
IPO Listing DateOct-Dec 2021
Basis of AllotmentOct-Dec 2021
Credit to Demat AccountOct-Dec 2021
Price Band AnnouncementOct-Dec 2021
Anchor Investors AllotmentOct-Dec 2021
RefundsOct-Dec 2021

Financial Highlights

Financial YearTotal Assets (Rs. In Thousands)Total Revenue (Rs. In Thousands)Profit After Tax (Rs. In Thousands)
31 March 2020Rs. 21568866Rs. 4543788Rs. 1834174
31 March 2019Rs. 17432520Rs. 3095520Rs. 2633049
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Star Health Insurance IPO Shares Offer

Star Health Insurance IPO will offer a total of – shares for the public offering, with – for the fresh issue and – for offer for sale – Shares.

CategoryShares OffersAmount
Fresh issue :
Offer For Sale :60,104,677
Total :60,104,677

Star Health Insurance Company Financial Report

The Star Health Insurance Company Financial Report is given in the table below:

2019₹-₹226 Crores₹44 Crores₹128 Crores
2020₹-₹462 Crores₹49 Crores₹268 Crores

Star Health Insurance IPO Competitor Analysis

Market PeersRevenue
Apollo Munich$2.3M
Royal Sundaram General Insurance$487.4M
MAX Bupa Health Insurance$168.6M
Religare Health Insurance$4.7M
Cigna Health Insurance$2M
Trusted Tablets$1.2M
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Star Health IPO Reservation

The Star Health IPO Reservation is given in the table below:

QIB 75%
RII 10%
NII 15%
EMP – %
Total :100%

IPO Market Lot of Star Health

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Brokerage Firm IPO Reviews

Angel Broking:
Axis Bank:
JM Financial:
Kotak Securities:
ICICI Securities:
HDFC Securities:
Arihant Capital Market:
IIFL Securities:
Capital Market:
Hem Securities:
Marwadi Shares and Finance
KR Choksey:
Religare Broking:
Reliance Securities:
Ventura Capital:

Star Health Insurance Company Promoters

The Star Health Insurance Company Promoters are as follows:


Board of Directors of Star Health

Venkatasamy JagannathanChairman and CEO
Anand Shankar RoyManaging Director
Subbarayan PrakashManaging Director
Utpal Hemendra ShethNon-Executive Nominee Director
Sumir ChadhaNon- Executive Nominee Director
Deepak RamineediNon-Executive Nominee Director
Anisha MotwaniIndependent Director
Rohit BhasinIndependent Director
Karthikeyan Devarayapuram RamasamyIndependent Director
Berjis Minoo DesaiIndependent Director
Rajeev Krishnamuralilal AgarwalIndependent Director
Rajni Sekhri SibalIndependent Director

Lead Managers of Star Health IPO 

Some of the Lead Managers of Star Health IPO are as follows:

Managers Name
Kotak Mahindra Capital Company Limited
Axis Capital Limited
ICICI Securities Limited
BofA Securities India Limited
Citigroup Global Markets India Private Limited
Jefferies India Private Limited
CLSA India Private Limited
Credit Suisse Securities (India) Private Limited
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Co- Book Running Lead Managers of Star Health IPO

The Co- Book Running Lead Managers of Star Health IPO are as follows:

Ambit Private Limited
DAM Capital Advisors Limited
IIFL Securities Limited
SBI Capital Markets Limited

Star Health Insurance IPO Registrar

Address:KFin Technologies Private LimitedSelenium, Tower, B, Plot No – 31 and 32Financial District,Nanakramguda, Serilingampally,Hyderabad, Rangareedi500 032, Telangana, India
Contact Number:+91 40 6716 2222180034 54001
E-mail id:[email protected]
Investor grievance e-mail id:[email protected]
Contact Person:M Murali Krishna
SEBI Registration No.:INR000000221

Company Address:


  • Star Health and Allied Insurance Company Limited
  • No.1, New Tank Street
  • Valluvarkottam High Road
  • Nungambakkam, Chennai
  • Tamil Nadu 600 034 India
  • Contact Number: +91 44 2828 8800
  • E-mail id: [email protected]Website: