Star Health IPO Allotment Status
STAR HEALTH AND ALLIED INSURANCE COMPANY LTD
Note :- Company Name Appear Only If Allotment is Done.
IPO Issue Details
Issue Amount : Upto ₹7,249.18 Cr
Post Issue Implied Market Cap: Upto ₹51,806 Cr at Upper band
Total shares on offer : Upto 80,654,848 Equity Shares
Face Value : ₹10 per share
Price Band : ₹870 to ₹900
Lot Size : 16 shares
Registrar : Kfin Technologies Pvt Ltd (Kfintech)
STAR Health IPO Allotment
Star Health and Allied Insurance Company Limited company is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in Fiscal 2021.
It has been consistently ranked first in the retail health insurance market in India based on retail health GWP over the last three Fiscal Years, according to CRISIL Research.
In Fiscal 2021, its retail health GWP was over three times the retail health GWP of the next highest retail health insurance market participant, according to CRISIL Research, positioning the company well to continue to grow its business and market share.
Star Health distributes the health insurance policies primarily through individual agents, which accounted for 78.9% of our GWP in Fiscal 2021.
Individual agents are the primary method of distribution in the health insurance industry, since health insurance is largely an assisted product in which customers often require help in selecting the policy best suited to their needs and during the claims process.