Star Health Insurance IPO GMP, Subscription Status, Share Price Details

Star Health Insurance IPO – GMP, Grey Market Premium, Subscription Status, Share Review, Price Important dates, and other details: Star Health and Allied Insurance Company Ltd are among the best private health insurers in the country that were established in 2006. As of 2021, Star Health Insurance took 15.8% of the share in the present market. According to the latest company reports, it’s known that this company is highly focused on the retail and group health segments. 

Star Health Insurance IPO

The company network is well distributed, with 779 branches in over 25 states and five union territories. This is why it has the highest health insurance network in over 11,778 hospitals (September 31, 2021). Recently, the company has announced to open its Initial Public Offering(IPO). The IPO opening and closing dates of Star Health Insurance are November 30, 2021, and December 2, 2021, respectively. Star Health IPO has a fresh issue worth ₹2,000 crores and OFS(Offer For Sale) of 58,324,225 equity shares. Read the entire article to know more about the Star Health Insurance IPO, GMP, important dates, and other details. 

Star Health Insurance IPO

Star Health Insurance IPO Opening DateNovember 30, 2021
Star Health Insurance IPO Closing DateDecember 2, 2021
Issue Type Book Built 
Face Value ₹10 per equity share
IPO Fixed Band Prize₹870 to ₹900
Market Lot sIZE16 shares
Listing AtBSE, NSE
Category IPO
Pre Issue Share Holding by Promoter66.22%
Post Issue Share Holding by Promoter58.42%
Minimum and Maximum Lots1 and 13
Minimum and Maximum Lot Price ₹14,400 and ₹187,200

GMP, Subscription Status – Star Health Insurance IPO

According to the market observers and analysts, it’s known the Star Health Insurance GMP has dropped to ₹10 in the grey market. Today, i.e., on Tuesday, November 30, 2021, the IPO subscription status has started. The company will be listed on NSE and BSE on December 10, 2021. Unlike many other companies, this health insurance company is expected to grow at a faster pace with handsome profits during and after the pandemic. 

Nirmal Band started to buy the IPO to all the investors looking for long-term profits. Even the stock market king, Rakesh Jhunjhunwala and Westbridge Capital owns several company shares. One of the major reasons to subscribe to this IPOD is its financial stability and industry sustainability. No matter how advanced or urbanized the generations are, health is always a primary concern to all. Despite the downfall of stocks and business during the COVID times, this company still experienced the best results. This is the major reason investors are showing huge interest to buy the company shares. 

Star Health Insurance IPO Important Dates 

IPO Opening DateNovember 30, 2021
IPO Closing Date December 2, 2021
Share Allotment Date December 7, 2021
Refunds Initiation December 8, 2021
Shares Credited to Demat Account December 9, 2021
IPO Listing Date December 10, 2021

Star Health Insurance Review

Star Health Insurance was built in 2006 and is established as one of India’s largest healthcare insurance companies, with thousands of branches in each state, including union territories. The company was trusted by Rakesh Jhunjhunwala, who owned about 15.8% and 31.3% of shares in the health insurance market and retail health insurance segments, respectively. The GWP of the company is around ₹5,069.78 crores and ₹9,348.95 crores in the initial FY22 and FY21. This company provides insurance through individuals or insurance agents, banks, or other private agencies. The strengths of the company include:

  • Financial stability.
  • Massive networking.
  • An upper hand in the retail health segment in India.
  • Diversified and innovative healthcare products using high technology. 


When is the opening date of Star Health Insurance IPO?

The opening date of Star Health Insurance is November 30, 2021. 

How long is the IPO subscription of the company?

The IPO subscription sale generally lasts for three days, i.e., from November 30, 2021, to December 2, 2021.

What is the closing date of the IPO?

The closing date of Star Health Insurance is December 2, 2021. 

What’s the current Star Health Insurance GMP in the grey market?

The current GMP of the company shares is ₹10. 

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