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

₹ 513.5

Current Return

-42.94%

Star Health and Allied Insurance Company Ltd. News

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 Star Health launches AI-driven face scan tool for Remote Health Assessment21 Jun, 11:15AM Star Health and Allied Insurance Company informs about additional director12 Jun, 12:38PM Star Health and Allied Insurance Company informs about annual secretarial compliance report 13 May, 5:26PM Star Health and Allied Insurance Company informs about update with respect to relieving of KMP3 May, 5:25PM Star Health and Allied - Quaterly Results30 Apr, 11:21AM Star Health and Allied - Quaterly Results30 Apr, 11:21AM Star Health and Allied - Quaterly Results30 Apr, 11:21AM Star Health and Allied Insurance Company informs about resignation of independent director24 Apr, 11:44AM Star Health and Allied Insurance Company informs about press release3 Apr, 3:25PM Star Health partners with PhonePe 3 Apr, 12:28PM Star Health and Allied Insurance Company informs about press release18 Mar, 12:35PM Star Health to offer dollar-denominated insurance via GIFT City Branch18 Mar, 12:21PM

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
Net Sales 0 0 0 0 0
Total Expenditure 0 0 0 0 0
Operating Profit 0 0 0 0 0
Other Income 0.16 0.32 8.1 5.7 4.06
Interest 0 0 0 0 0
Depreciation 0 0 0 0 0
Exceptional Items 0 0 0 0 0
Profit Before Tax 406.21 -1445.81 -1396.64 826.4 1128.85
Provision for Tax 142.9 -360.09 -355.97 207.81 283.84
Net Profit 0 0 0 0 0
Adjusted EPS (Rs.) 0.54 -1.98 -1.81 1.06 1.44

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
Total Reserves -490.64 -548.09 -575.52 4852.25 5756.34
Borrowings 250 250 720 470 470
Other N/C liabilities 0 0 0 568.9 358.18
Current liabilities 0 0 0 0 0
Total Liabilities 0 0 0 5927.28 6915.2
Assets
Net Block 90.13 79.72 113.13 101.41 158.65
Capital WIP 0 0 0 9.93 16.48
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 0 0 0 0 0
Other N/C Assets -90.13 -79.72 -113.13 5815.94 6740.07
Current Assets 0 0 0 0 0
Total Assets 0 0 0 5927.28 6915.2
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 257.57 284.94 295.65 296.75 354.8
Profit Before Tax 167.11 387.67 189.73 426.17 148.8
Tax 41.81 98.12 47.41 107.24 37.51
Profit After Tax 125.3 289.55 142.32 318.93 111.29
Adjusted EPS (Rs) 2.14 4.95 2.43 5.45 1.89

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 57.69 0
Jun 2024 57.9 0
Mar 2024 57.92 0
Dec 2023 57.94 0
Sep 2023 58.02 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
Changes in Assets & Liabilities -10.76 -12.71 -26.32 -20.42 -34.91
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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