Star Health and Allied Insurance Company Ltd, which was established in 2006, is one of the major private health insurers in India, with a market share of 15.8 percent in Fiscal 2021, according to the company. A significant portion of the company’s total GWP in Fiscal 2021 will come from the retail health and group health sectors, which together will account for 89.3 percent and 10.7 percent of the total GWP in Fiscal 2021 respectively. Individual agents are the primary channel via which the company distributes the insurance, although it also includes corporate agent banks and other corporate agents. In India, as of September 30, 2021, the company’s network distribution includes 779 health insurance branches spread throughout 25 states and five union territories. Aside from that, Star Health has created one of the largest health insurance hospital networks in India, with a total of more than 11,778 facilities.
The largest private health insurance firm in India, with a strong presence in the lucrative retail health insurance category. In the health insurance industry, we have the largest network distribution. The product portfolio is diverse, with an emphasis on innovation and specialty products. Excellent risk management, as seen by a low claims ratio and high-quality customer service. Operating and financial performance that has been demonstrated in the past. It will be possible to subscribe for shares in Star Health and Allied Insurance Company’s initial public offering beginning today and ending on December 2. The pricing range for the company’s first public offering has been established at between 87 and 900 dollars per share (IPO). Star Health announced on Monday that it had secured a little more than 3,217 crores from anchor investors in advance of its initial public offering (IPO).
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According to BSE data, as of 1:47 p.m. on the first day of bidding, the Star Health IPO had been subscribed 0.09 times, with the retail investor’s category having been subscribed 0.49 times. The initial public offering (IPO) of Star Health consists 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 the company’s promoters and current shareholders. The public issue is likely to fetch a total of Rs. 7,249 crore at the upper end of the pricing range.
