Star Health shares will be listed on the exchange on December 10
Shares of the company Star Health and Allied Insurance backed by Rakesh Jhunjhunwala are expected to be listed on the exchange on Friday, December 10, after its share allocation is completed on May 8. 12. The shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The company’s much-awaited initial public offering (IPO) failed to impress investors as it collected only 79% of registrations, although the section for institutional buyers qualified (QIB) was fully registered 1.03 times.
An IPO must receive at least 75% registrations and the QIB part must receive at least 90% registrations for it to be successful.
After the matter closed, the company reduced the size of the offer to the level of the unregistered portion. As a result, the final issue size was reduced to Rs 6,400.44 crore from Rs 7,249, including a new issue of Rs 2,000 and a sale offer of Rs 4,400.44 from Rs 5,249 previously.
The section for non-organizational investors and registered employees is 19% and 10% respectively, while the retail section is booked 1.1 times.
