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

Star Health and Allied Insurance Company Ltd. 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

₹ 384.8

Current Return

-57.24%

Star Health and Allied Insurance Company Ltd. News

Star Health Insurance ranks highest in sustainability among Indian insurance companies18 Feb, 6:02PM Star Health and Allied Insurance Company informs about press release18 Feb, 12:35PM Star Health and Allied Insurance Company informs about press release13 Feb, 4:23PM Star Health and Allied Insurance Company informs about newspaper publication30 Jan, 5:23PM Star Health and Allied Insurance Company informs about conference call29 Jan, 1:20PM Star Health and Allied - Quaterly Results28 Jan, 6:06PM Star Health and Allied - Quaterly Results28 Jan, 6:06PM Star Health and Allied - Quaterly Results28 Jan, 6:06PM Star Health and Allied Insurance Company informs about general update25 Jan, 1:48PM Star Health and Allied Insurance Company informs about earnings call10 Jan, 4:11PM Star Health and Allied Insurance Company informs about press release23 Dec, 3:34PM Star Health launches retail health insurance product 'SUPER STAR' 13 Dec, 3:18PM Star Health and Allied - Quaterly Results29 Oct, 6:39PM Star Health and Allied - Quaterly Results29 Oct, 6:39PM Star Health and Allied Insurance Company informs about newspaper advertisement19 Sep, 3:46PM Star Health and Allied Insurance Company informs about newspaper advertisement 31 Aug, 2:30PM Star Health and Allied Insurance Company informs about analysts meet 3 Aug, 3:14PM Star Health and Allied - Quaterly Results30 Jul, 6:44PM Star Health and Allied - Quaterly Results30 Jul, 6:44PM Star Health enters into strategic corporate agency agreement with Himachal Pradesh State Cooperative Bank9 Jul, 10:44AM

Company Financials

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

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.

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Other Income 0.16 0.32 8.1 5.7 4.06
Profit Before Tax 406.21 -1445.81 -1396.64 826.4 1128.85
Tax 142.9 -360.09 -355.97 207.81 283.84
Net Profit 263.3 -1085.71 -1040.67 618.59 845.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 490.64 548.09 575.52 581.68 585.28
Borrowings 0 0 0 0 0
Total Liabilities 2156.89 3742.04 5350.74 0 0
Other N/C Assets 18.73 440.56 780.71 -6116.6 -7568.32
Total Assets 2156.89 3742.04 5350.74 568.9 358.18
Assets
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Other Income 285.12 295.65 296.75 354.8 347.9
Profit Before Tax 387.68 189.73 426.17 148.8 286.96
Tax 98.12 47.41 107.24 37.51 71.82
Net Profit 289.56 142.32 318.93 111.29 215.14
Adjusted EPS (Rs) 4.95 2.43 5.45 1.89 3.66

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2024 57.68 0
Sep 2024 57.69 0
Jun 2024 57.9 0
Mar 2024 57.92 0
Dec 2023 57.94 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 0 0 0 0 0
Adjustment 1617.97 2219.31 1778.05 3330.97 3770.84
Tax Paid -959.79 -1316.23 -1696.17 -2034.73 -2425.97
Operating Cash Flow 647.42 890.38 55.56 1275.82 1309.96
Investing Cash Flow -1005.96 -2418.23 -3786.04 -1097.13 -1176.71
Financing Cash Flow 121.89 2613.46 2509.06 -268.02 22.97
Net Cash Flow -236.66 1085.61 -1221.42 -89.33 156.23
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