Established in the year 2006, Star Health was India’s first standalone health insurance provider. With its robust network, the company has over 779 branches across the length and breadth of the country, in 25 states and 5 UTs. Star Health Insurance has now become one of the most prominent names in the health insurance sector. The company also has a strong network of over 11,778 hospitals
Thus, it was no surprise that the announcement of the IPO created a buzz in the stock market. The much-anticipated Star Health Insurance IPO has closed. The bidding dates were from 30 November to 2 December 2021.
Star Health Insurance IPO – Tentative timetable and other Details
| Opening Date | 30 November 2021 |
| Closing Date | 2 December 2021 |
| Price band per share | INR. 870 to RS. 900 |
| Issue Size | INR. 7,249 crore |
| Minimum Investment | INR. 14,400 |
| Star Health Insurance IPO Listing date | 10 December 2021 (tentative) |
| Finalisation of Allotment Basis | 7 December 2021 |
Watch out for this space for regular updates on Star Health Insurance IPO.
How to check the Allotment Status of Star Health Insurance IPO?
When you apply for shares of a particular IPO, you are allotted an application ID, which you would need to check the allotment. You then need to wait for the details about the actual number of shares that have been allotted to you. The registrar of the IPO carries out the allotment process. The processing of applications and the allotting is also carried out by the Sebi-registered entity, the registrar. Thereafter, the successful candidates are updated electronically, the refunds are uploaded and dispatched.
Only after the allocation process is complete, you will get to know the exact number of shares that have been allocated to you. With regular updates and notifications, TradeSmart makes it easy for you to keep a tab on the allotment status of the Star Health Insurance IPO.
If you want to check the status of your share allotment, you can visit the registrar’s website (Linkintime, Karvy). In order to check the allotment status you would need the following:
- Application Number
- DP Client ID
- PAN
To check the status of your bidding, you can also go online and log into the NSE or BSE website. After entering the PAN Card details, ID details and application number, you would be able to check the status. When you check the allotment status of Star Health Insurance IPO, you will see one of the following results:
- Awaited
- Allocated
- Not Allocated
To get an idea of what the allotment result would look like, see this:
- AGSPC12981K
- Application Number: PL041486547086
- Name: Mr Karan Kumar
- Shared Applied: 50
- Shares Allotted: 50
Bottom Line
Star Health Insurance has maintained a sturdy Claim Settlement Ratio and has a robust risk management system. The company also has a record of financial as well as operational success. With Rakesh Jhunjhunwala as the company backer, Star Health Insurance could make a strong contender in the stock market.
