Star Health And Allied Insurance Company Ltd. IPO
Star Health and Allied Insurance Company Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹900
Issue Price
Listing Price
₹849
Listing Price
Listing Gains
-₹51.20 (-5.69%)
Listing Gains
IPO Details
Bidding Dates
30 Nov - 02 Dec '21
Bidding Dates
Min. Investment
₹13,920
Min. Investment
Lot Size
16.00
Lot Size
Price Range
₹870 - ₹900
Price Range
Issue Size
6,188 Cr
Issue Size
Subscription Rate
- Retail Individual Investor1.09x
- Non-Institutional Investor0.19x
- Qualified Institutional Buyers1.03x
- Employees0.10x
About Company
With a market share of 15.8% in the financial year 2021, Star Health and Allied Insurance Company is one of India's top private health insurers. The company focuses mostly on the retail health insurance industry. It provides a variety of flexible and comprehensive coverage choices for retail health, group health, personal accident, and international travel.
Financial Snapshot - Star Health And Allied Insurance Company Ltd IPO
The company's total assets, revenues, and profits during the last three years are shown below.
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ParticularsFY19
Amount in INR millionsFY20
Amount in INR millionsFY21
Amount in INR millionsQuarter Ending
30-Jun-21 -
Total Assets16,426.418,967.744,665.749,749.4
-
Revenues2,262.54,619.6-9,077.8-4,946.8
-
Profit After Tax1,282.32,680.0-8,255.8-3,802.7
-
Profit %56.67%58.01%NANA
Star Health Insurance IPO Dates
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Application opens onNov 30, 2021
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Last date of applicationDec 2, 2021
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Date of allotmentDec 7, 2021
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Refund begins fromDec 8, 2021
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Stocks get credited in DEMAT A/C onDec 9, 2021
Why should you invest in Star Health and Allied Insurance Company Ltd. IPO?
Here are some of the positive aspects of this business.
The company is one of India's largest private health insurance providers. The company's retail health section is appealing. It also has one of India's largest health insurance hospital networks.
In FY2021, Star Health was nearly three times the size of the next largest competitor in the retail health insurance market.
Rakesh Jhunjhunwala is the company's backer. Jhunjhunwala's stock investments are regarded as one of the finest bets among stock market investors.
The company's expenses are only 29% of total premiums paid, which is the lowest among India's standalone health insurance providers.
Star Health and Allied Insurance Company Ltd. IPO - SWOT Analysis
Strengths:
Star Health has many Individual agents, in particular, and has a large distribution reach. The collaborations with multiple hospitals throughout the country and they do have proven exceptional leadership
Weaknesses:
Star Health does have a higher concentration of revenue on a single product, which could be risky. The amount of money needed is enormous.
Opportunities:
With only 3% of the population covered by individual schemes, this market is severely underserved. The digitization of health records would allow for quicker access and a more efficient claims process. Health insurance applications are being processed more efficiently, thanks to new technology.
Threats:
In this segment, there is a lot of competition. Another pandemic might have a serious impact on profits. Given the severe competition, pricing in the Group category remains a difficulty.
A competitive analysis
The company is one of India's major private health insurance firms, with a stronghold in the lucrative retail health category.
In the health insurance industry, the company has the largest network distribution.
It offers a wide range of items, with an emphasis on innovation and specializedproducts.
It has a solid risk management system in place, as well as a high claims ratio and excellent client service
It has a proven track record of operational and financial success.
How to apply for Star Health and Allied Insurance Company Ltd. IPO?
You can apply for the Star Health and Allied Insurance Company Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Star Health and Allied Insurance Company Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
