Star Health and Allied Insurance Company IPO | Shares to be allotted

After its initial public offering IPO today, Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Company will complete the allotment of shares. The IPO closed on December 2. The issue was subscribed to 79% on the last day. The IPO received bids for 3,56, 02,000 shares against 4,49, 08,947 shares on offer, according to an update on the BSE.

The portion for retail investors was subscribed to 1.1 times while the portion for qualified institutional buyers was subscribed to 1.03 times. The share sale had a price band of Rs 870 -- 900 per share.

On November 29, the insurance firm raised a little over 3,217 crore from anchor investors. A total of 3,57, 45,901 equity shares were allocated to 62 anchor investors at Rs 900 apiece, a total of Rs 3,217. 13 crore.

The IPO consisted of 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.

The IPO's lot size was 16 shares, for which you would have to spend Rs 14,400. A retail-individual investor can apply for up to 13 lots or 208 shares by spending Rs 187,200.

The firm will make its debut on the BSE and NSE on December 10. There are two routes through which one can check the allotment status. A dropdown menu will appear. The registrar of the share share sale is KFin Technologies Private Limited.

The website of the registrar is the one.

b Enter either Application Number, or DPID Client ID, or PAN Number.

Star Health and Allied Insurance Company have a market share of 15.8% in fiscal 2021, which is one of the largest private health insurers in India. The company focuses on the retail health and group health segments which accounted for 89.3% and 10.7% of the company's gross gross written premium GWP in fiscal 2021.