Star Health IPO: The IPO of Star Health and Allied Insurance, a company invested by Big Bull Rakesh Jhunjhunwala, received a cold response from investors. This IPO could get only 79 percent subscription. Its price band was fixed at Rs 870-900 per share. It was open for subscription from 30 November to 2 December. According to the Red Herring Prospectus (RHP), the company has to finalize the allotment of shares by today i.e. December 7. If you also applied for this IPO, then you can check your share allotment status online in this way.
How to check allotment status through Link Intime India
- Investors can check the allotment status in the IPO Status section https://linkintime.co.in/MIPO/Ipoallotment.html.
- After reaching this page, select the IPO whose allotment status is to be checked. Here you have to choose Star Health.
- After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
- If Application Number is selected then choose Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
- Fill the captcha and submit.
- The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
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How to check allotment on BSE website
- Investors can check allotment status at https://www.bseindia.com/investors/appli_check.aspx.
- Select Equity and select IPO ‘Star Health’ from the drop down menu.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
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star health gray market premium
The stock price of Star Health continues to fall at a gray market premium. It has come down by Rs 80. Before this, they had fallen to Rs 60. Star Health IPO received bids for 3.56 crore equity shares against 4.49 crore shares. Qualified institutional buyers booked 1.3 times the share reserved for them, while the retail buyers category was subscribed 1.1 times. Non-institutional buyers and employees subscribed 19 percent and 10 percent of the share set aside for them. It is likely to be listed on NSE and BSE on Friday, December 10. Star Health’s IPO has received a muted response at a time when investors are investing heavily in other IPOs. This can have an impact on the listing as well. This issue is not being liked because of the expensive price.
(By Harshita Tyagi)
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