Star Health IPO was registered 79% on the last day of release
According to Bombay Stock Exchange (BSE) data, the initial public offering (IPO) of Star Health and Allied Insurance Company was 79% registered on the last day of the offering. on Thursday. It was launched on November 30, 2021.
The data further shows that an offer of Rs 7,249 crore received bids for more than 3.55 crore of shares compared to the total issue size of over 4.49 crore.
Shares allocated to qualified institutional buyers (QIBs) were registered 1.03 times, while shares for non-institutional investors were registered 0.19 times. Shares of retail investors are registered 1.10 times.
The Star Health IPO consists of a new share issue of Rs 2,000 crore and an offering (OFS) of up to 58,324,225 equity shares by existing promoters and shareholders.
It has a price range of Rs 870-900 per share and prior to its IPO, Star Health raised over Rs 3,217 crore from anchor investors.
Star Health is the leading private health insurer in the country and is owned by a consortium of investors such as Westbridge Capital and billionaire Rakesh Jhunjhunwala.
