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Star Health IPO: Opportunity to invest money in Star Health’s IPO next week, Rakesh Jhunjhunwala has a major stake in this health insurance company

india own warren buffett Rakesh Jhunjhunwala-backed Star Health IPO opens 30th november check here issue details like price band and company profileBig Bull holds a 14 per cent stake in Star Health, while his wife Rekha Jhunjhunwala has a 3.26 per cent stake in the company, ie both of them have a total stake of 17.26 per cent. (File Photo)

Rakesh Jhunjhunwala-backed Star Health IPO: The IPO of Star Health, one of the country’s largest health insurance companies in the private sector, will open next week. The IPO of this insurance company, held by veteran investor Rakesh Jhunjhunwala, who is called the Warren Buffett of India, will open on November 30 and investors will be able to subscribe till December 2. Star Health has fixed the price band for this issue today (November 24). Investors will be able to invest in this IPO of Rs 7249 crore in the price band of Rs 870-900 per share. Under the issue, new equity shares worth Rs 2,000 crore will be issued.

Talking about veteran investor Rakesh Jhunjhunwala, Big Bull has a 14 percent stake in this health insurance company, while his wife Rekha Jhunjhunwala has a 3.26 percent stake in this company i.e. both have 17.26 percent stake in Star Health.

india own warren buffett Rakesh Jhunjhunwala-backed Star Health IPO opens 30th november check here issue details like price band and company profile

india own warren buffett Rakesh Jhunjhunwala-backed Star Health IPO opens 30th november check here issue details like price band and company profileindia own warren buffett Rakesh Jhunjhunwala-backed Star Health IPO opens 30th november check here issue details like price band and company profile

Star Health IPO Details

  • Star Health’s Rs 7249 crore IPO will be open for subscription from November 30 to December 2. This IPO will open for anchor investors on November 29.
  • Under the issue, new shares worth Rs 2,000 crore will be issued. Apart from this, promoters and existing shareholders will sell 5,83,24,225 equity shares through Offer for Sale (OFS).
  • The price band for the issue has been fixed at Rs 870-900 per share. There is a discount of Rs 80 for the employees of the company.
  • The company has fixed the lot size of 16 equity shares i.e. according to the upper price of the price band, investors will have to invest at least Rs 14400.

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  • 75 per cent of the issue has been reserved for Qualified Institutional Buyers (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. Under the issue, shares worth Rs 100 crore have been reserved for the employees of the company.
  • The money raised through new shares will be used to increase the capital base of the company.
  • The allotment of its shares can be final on December 7 and the shares can be listed on December 10.

One of the largest private health insurance company in the country

  • Star Health is the country’s largest private health insurance company with 15.8 per cent stake in FY21.
  • The main focus of the company is on the retail health market segment. This company provides coverage options related to retail health, group health, personal accident and overseas travel.
  • As per the available data for FY 2021, its network distribution has 737 health insurance branches in 26 states and 4 union territories of the country.
  • Star Health has several hospitals in its network and is one of the largest health insurance networks in the country. Its network has more than 10870 hospitals across the country.

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  • Talking about the financials of Star Health, there was a big loss in the last financial year 2021, but in the last two financial years, its net profit (profit after tax) increased. The company’s net profit in the financial year 2019 was Rs 128.23 crore, which increased to Rs 268 crore in the next financial year 2020. The company had a net loss of Rs 825.58 crore in the last financial year.
  • Talking about the company’s piers, SBI Life Insurance Company, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company and ICICI Lombard General Insurance Company are currently listed on the domestic exchange.

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