Star Health and Allied Insurance Company Ltd. IPO

Commencing operations in 2006 as India’s first Standalone Health Insurance provider, Star Health and Allied Insurance Co Ltd is providing sterling services in Health, Personal Accident and Overseas Travel Insurance etc.

RHP
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DRHP
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Open Date

2021-11-30

Close Date

2021-12-02

IPO Details

Check out the issue details for Star Health and Allied Insurance Company Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 900

Price Band

₹ 870 - 900

Issue Size

7249.18 Cr.

Issue Type

Book Built

Open

2021-11-30

Close

2021-12-02

Listingprice

₹ 845

ListingGain

-6.11%

Listing Date

2021-12-10

CMP

₹ 559.7

Current Return

-37.81%

News

Star Health and Allied Insurance Company informs about demand order15 Feb, 3:37PM Star Health and Allied - Quaterly Results30 Jan, 5:36PM Star Health and Allied - Quaterly Results30 Jan, 5:36PM Star Health and Allied - Quaterly Results30 Jan, 5:36PM Star Health and Allied Insurance Company informs about board meeting5 Jan, 2:22PM Star Health and Allied Insurance Company informs about resignation of strategic management executive30 Nov, 12:17PM Star Health and Allied - Quaterly Results31 Oct, 5:38PM Star Health and Allied - Quaterly Results31 Oct, 5:38PM Three entities sell shares worth Rs 1,312 crore of Star Health 29 Aug, 3:40PM Star Health and Allied Insurance Company informs about newspaper publication29 Jul, 12:44PM Star Health and Allied Insurance Company informs about audio recordings of earnings call29 Jul, 12:12PM Star Health and Allied - Quaterly Results28 Jul, 6:01PM Star Health and Allied - Quaterly Results28 Jul, 6:01PM Star Health and Allied - Quaterly Results28 Jul, 6:01PM Star Health and Allied Insurance Company informs about appointment of strategic management executive26 Jun, 4:59PM Star Health and Allied Insurance Company informs about analyst meet 24 Jun, 3:30PM Star Health and Allied Insurance Company informs about press release20 Jun, 5:03PM Star Health and Allied Insurance Company informs about investors meet 17 Jun, 2:13PM Star Health and Allied Insurance Company informs about analyst meet 6 Jun, 12:23PM Star Health and Allied Insurance Company informs about newspaper advertisements11 May, 4:18PM

Company Financials

You can get the following financial statements of Star Health and Allied Insurance Company Ltd. as of now.

Subscription Details

The details about the Star Health IPO is as:

  • The issue size of the IPO is 7249.18 Cr.
  • The price band ranges from Rs 870 to Rs 900.
  • The shares of Star Health will list on 10th December 2021.
  • The latest tentative GMP of Star Health IPO is Rs -.
  • The Employees of the company are entitled to a discount of Rs 80.
  • Star Health and Allied Insurance Company IPO is subscribed 0.79 Times as of 2nd December 2021.

 

Star Health and Allied Insurance Company Valuation

The approx valuation of Star Health and Allied Insurance Company IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 900
Existing Shares (Qty) 55.32 Cr
Fresh Issue (Amount) 2000 Cr
Market Cap 51788 Cr
EPS (FY21) Rs -16.54 
Industry PE 30.98x

 

Star Health and Allied Insurance Company IPO Issue Size

Star Health and Allied Insurance Company IPO issue size is 7249.18 Cr. 

Issue Amount
Fresh Issue 2000 Cr
Offer For Sale 5249.18 Cr

 

Star Health IPO Market Lot

An Individual can apply for a minimum 1 lot of 16 shares and a maximum of 13 lots of 208 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 16 Rs 14,400
 Maximum 13 208 Rs 1,87,200

 

Star Health and Allied Insurance Company IPO share offer

Star Health and Allied Insurance Company IPO is subscribed 0.79 Times as of 2nd December 2021. It is Undersubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 1.03 Times
Non-Institutional Maximum 15% 0.19 Times
Retail Individual Maximum 10% 1.10 Times
Employees 100 Cr 0.10 Times
Total   0.79 Times

 

Star Health IPO Grey Market Premium

As on GMP (Tentative)
30 November 2021 Rs 15
1 December 2021 Rs 10
2 December 2021 Rs 10
3 December 2021 Rs -
4 December 2021 Rs -

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Star Health IPO:s

Schedule Date
Basis of Allotment 7 December 2021
Refunds 8 December 2021
Credit to Demat Account 9 December 2021
IPO Listing Date 10 December 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Other Income 0.12 0.16 0.32 8.1 5.7
Profit Before Tax 267.09 406.21 -1445.81 -1396.64 826.4
Tax 83.67 142.9 -360.09 -355.97 207.81
Net Profit 183.42 263.3 -1085.71 -1040.67 618.59

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 455.58 490.64 548.09 575.52 581.68
Borrowings 0 0 0 0 0
Total Liabilities 1743.01 2156.89 3742.04 5350.74 5927.28
Other N/C Assets 13.23 18.73 440.56 780.71 578.83
Total Assets 1743.01 2156.89 3742.04 5350.74 5927.28
Assets
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 207.12 219.52 250 257.57 284.94
Profit Before Tax 281.73 136.05 384.35 167.11 387.67
Tax 71.26 34.26 96.5 41.81 98.12
Net Profit 210.47 101.79 287.85 125.3 289.55
Adjusted EPS (Rs) 3.62 1.75 4.95 2.14 4.95

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 57.94 0
Sep 2023 58.02 0
Jun 2023 58.25 0
Mar 2023 58.28 0
Dec 2022 58.28 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 0 0 0 0 0
Adjustment 815.67 1617.97 2219.31 1778.05 3330.97
Tax Paid -12.03 -959.79 -1316.23 -1696.17 -2034.73
Operating Cash Flow 776.41 647.42 890.38 55.56 1275.82
Investing Cash Flow -731.33 -1005.96 -2418.23 -3786.04 -1097.13
Financing Cash Flow 333.44 121.89 2613.46 2509.06 -268.02
Net Cash Flow 378.52 -236.66 1085.61 -1221.42 -89.33
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