Star Health IPO is opening for subscription today. It will be open till 2nd December. Its listing is likely to be on December 10.
The IPO of Star Health and Allied Insurance Company will open for subscription today and will remain open till December 2. The price band for its IPO has been fixed at ₹870-900 per share. ET Now Swadesh had an exclusive conversation with V. Jagannathan, CEO, Star Health, before the IPO listing, in which he told that our company’s journey started in 2006 with Rs 108Cr, now the company has to stand on its feet. It’s time to do it. The company plans to raise Rs 2000Cr from IPO listing, which will be used for the growth of the company. The growth of this company was 27%, and last year was 36%. Watch exclusive conversation.
According to market observers, the share premium (GMP) of Star Health has fallen to ₹10 in the grey market. The company plans to be listed on the major stock exchanges BSE and NSE on December 10.
Star Health, the leading private health insurance company in the country, is owned by investors like Westbridge Capital and Rakesh Jhunjhunwala. The valuations moderated by Star Health are in line with the recent deals in the SAHI space and seem reasonable given its position. Hence, as per the brokerage house, it is advisable to subscribe from a long term perspective only.
The company primarily focuses on the retail health market segment. It offers a range of flexible and comprehensive coverage options for retail health, group health, personal accident and overseas travel.
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