Star Life Insurance IPO GMP - Star Life Insurance Grey Market Premium
Today we will Know about Star Health Insurance IPO, a company backed Rakesh Jhunjhunwala. Know all about Star Health Insurance IPO - Star Health Insurance IPO GMP (Star Health Insurance Grey Market Premium), IPO Date, Star Health Insurance IPO Review, All important dates, Benifits and Risk. We will update Gray Market Premium everyday. Also, all the information related to Star Health Insurance IPO like price band, all dates, issue size and retail portion ,etc. Everything about Star Health Insurance IPO is given below.
Star Life Insurance IPO Details
Star Health Insurance Limited backed by Rakesh Jhunjhunwala has got the SEBI approval for the IPO. The company plans to raise around Rs 7249 crore in this IPO. And approx ₹2000 Crores under Fresh issue and Approx 60,104,677 Equity Shares under OFS through IPO. Star Health Insurance IPO date is 30 November 2021 and the price band is ₹870 - ₹900. The IPO of Star Health Insurance will be listed on NSE and BSE. The information given is on the basis of RHP filed by Star Health Insurance.
The company's IPO includes a fresh issue of ₹2000 crore. In addition, the company will also offer 60 million shares for sale to its shareholders and promoters. About 75% of the shares in this IPO will be reserved for IPO-qualified institutional buyers, 15% of the shares will be reserved for non-institutional bidders, and 10% will be allotted to retail investors.
Check IPO allotment status.
What is Star Life Insurance IPO GMP Today?
Star Life Insurance IPO GMP is ₹0.
What is the Star Life Insurance IPO Date?
Star Life Insurance IPO date is 30 November 2021.
What is Star Life Insurance IPO Expected Return?
Star Life Insurance IPO Expected Returns is 5%.
About Star Life Insurance
Star Health Insurance Limited, a stand-alone health insurance provider licensed by IRDA is the USP for the company. Star Health Insurance started in 2006 as India's first standalone health insurance provider. The company is providing services in various types of insurance like health, personal accident and overseas travel insurance, etc. If reports are to be believed, Star Health Insurance has 12800+ employees and 640+ branches in India.
The company has a wide variety of products to meet the needs of everyone, be it personal, family, or corporate products. Companies work through various channels like direct as well as online, agents, brokers, etc. Star Health Insurance Ltd. is in the field of bancassurance having a long association with various banks.
Official Website: Star Health Insurance Limited
Purpose of the offer
- The company wants to increase its capital base.
- Funding organic and inorganic growth initiatives like expanding storefront base, Increasing user base, technology platform, and possible acquisitions.
- The company wants to be able to reap the benefits of listing the shares on the stock exchanges.
- For general corporate purposes.
Star Life Insurance GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 08 December | ₹- | ₹- | ₹- |
| 07 December | ₹- | ₹- | ₹- |
| 06 December | ₹- | ₹- | ₹- |
| 05 December | ₹- | ₹- | ₹- |
| 04 December | ₹- | ₹- | ₹- |
| 03 December | ₹- | ₹- | ₹- |
| 02 December | ₹15 | ₹- | ₹- |
| 01 December | ₹15 | ₹- | ₹- |
| 30 November | ₹15 | ₹- | ₹- |
| 29 November | ₹10 | ₹- | ₹- |
| 28 November | ₹10 | ₹- | ₹- |
| 27 November | ₹10 | ₹- | ₹- |
| 26 November | ₹40 | ₹- | ₹- |
| 25 November | ₹90 | ₹- | ₹1500 |
| 24 November | ₹150 | ₹- | ₹1500 |
| 23 November | ₹- | ₹- | ₹- |
Star Life Insurance IPO Date and Price Band Details
Star Life Insurance IPO open date: 30 November 2021, Closing date: 02 December 2021, and Listing date: 10 December 2021. The price band of Star Life Insurance IPO is ₹870 to ₹900 per share. Star Life Insurance IPO issue size is Rs 7,249 crores. Star Life Insurance Ipo retails portion is 10%, QIB Portion is 75%, and NII Portion 15%.
| IPO Open: | 30 November2021 |
| IPO Close: | 02 December 2021 |
| Listing Date: | 10 December 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹7249 Cr. |
| Fresh Issue: | Approx ₹2000 cr. |
| Offer For Sale: | 58,324,225 Equity Shares. |
| Price Band: | ₹870 to ₹900 per share |
| Face Value: | ₹10 per equity share |
| Issue Type: | Book Build |
| QIB Portion: | 75% |
| Retail Portion: | 10% |
Star Life Insurance IPO Market Lot & Size
Star Life Insurance IPO's minimum lot size is 16 shares with ₹14,400 application amount and the maximum lot size is 208 shares with ₹187,200 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 16 Shares |
| Minimum Amount: | ₹14400 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 208 Shares |
| Maximum Amount: | ₹187,200 |
Star Life Insurance IPO Allotment & Listing Date
| Ipo Opening Date: | 30 November 2021 |
| IPO Closing Date: | 02 December 2021 |
| Basis of Allotment: | 07 December 2021 |
| Refund Date: | 08 December 2021 |
| Credit to Demat Account: | 09 December 2021 |
| Listing Date: | 10 December 2021 |
Star Life Insurance IPO Review
HappiestPost View: To be updated.
Anil Singhvi Review: To be updated.
Brokerage Firm IPO Reviews
- Motilal Oswal: To be updated
- ICICI Securities: To be updated
- Capital Market: To be updated
- Ventura Securities Limited: To be updated
- GEPL Capital Ltd: To be updated soon
[ ! Note:- Not Rated Yet ]Updated Soon
Star Life Insurance Ipo Review
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Star Health Insurance Limited is a stand-alone health insurance provider licensed by IRDA.
- The company's product portfolio is quite diverse, be it personal, family, or corporate products.
- The company is backed by Rakesh Jhunjhunuwala which is a cause of hype for the investors.
Risks
- Hit hard due to the continuing impact of the COVID-19 pandemic.
- There are many big players in the field of insurance, due to which the company has to face tough competition.
- So far the company has failed to continue the innovation and development of its platform.
Star Life Insurance Financials
Star Life Insurance Financials (in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹1642 | ₹226 | ₹128 |
| 2020 | ₹1896 | ₹461 | ₹268 |
| 2021 | ₹4466 | -₹907 | -₹826 |
Investors
Star Health Insurance Ltd has many Investors:
- Rakesh Jhunjhunwala
- Others
Promotors
The promoters of the company are:
- SafeCrop Investment India LLP
- Westbridge AIF I
- Rakesh Jhunjhunwala
Star Health Insurance IPO Registers
KFin Technologies Private Limited
Selenium, Tower, B,
Plot No - 31 and 32 Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareedi 500 032, Telangana, India
Tel:+91 40 6716 2222/ 180034 54001
E-mail: starhealth.ipo@kfintech.com
Website: www.kfintech.com
Lead Managers
- Axis Capital Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
- IIFL Securities Limited
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited
- ICICI Securities Limited
- CLSA India Private Limited
- Ambit Private Limited
- Credit Suisse Securities (India) Private Limited
- Jefferies India Private Limited
- DAM Capital Advisors Limited
Conclusion
If you look at the overview of the company, then the company is a good company in the life insurance sector. Also, the company is backed by Rakesh Jhunjhunwala. You can go for listing and apply for the long term. Before applying, you must check the financials of the company so that you can make a better decision.
FAQs About Star Life Insurance Ipo
What is the opening date of the Star Life Insurance IPO?
Star Life Insurance IPO's opening date is 30 November 2021.
What is Star Life Insurance IPO GMP Today?
Star Life Insurance IPO GMP is ₹0 as of today.
How much is Star Life Insurance IPO Kostak Rate Today?
Star Life Insurance IPO Kostak rate is ₹0 as of today.
What is the Star Life Insurance IPO Closing date?
Star Life Insurance IPO Closing date is 02 December 2021.
What is the Star Life Insurance IPO allotment date?
Star Life Insurance IPO allotment date is 07 December 2021.
What is the Star Life Insurance IPO listing date?
Star Life Insurance IPO listing date is 10 December 2021.
What is the Star Life Insurance IPO Price band?
Star Life Insurance IPO price band is ₹870 to ₹900.
What is Star Life Insurance IPO Subject to Sauda Today?
Star Life Insurance IPO Subject to Sauda is ₹- as of today.
What is Star Life Insurance IPO Expected Returns after Listing?
Star Life Insurance IPO Expected Returns is 15% to 20%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Star Life Insurance Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Star Life Insurance".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
Disclaimer
(I). We are not involved in grey market trading in any way. And do not provide the facility to buy or sell IPO form of any IPOs.
(II). Reference to IPO Gray Market Premium (IPO GMP) is valid only for the date specified in the header, we are not involved in the buy or sell of IPO form.
(III). Do not decide to subscribe to an IPO solely on the basis of GMP (Grey market premium), as this may change at any time prior to listing. Do research about the fundamentals and financial details of companies before subscribing.
We hope you like this article about Star Life Insurance IPO. If you have a query about Star Life Insurance IPO Please post a comment.
Thanks For Visiting & Happy Investing.
0 Comments
We are waiting for your comments. 💙