star health insurance ipo | star health insurance ipo gmp
Star Health IPO: star health insurance and Allied insurance company Ltd. (Star Health and Allied Insurance Company) shares were listed in the stock exchange on Friday. However, investors expecting bumper earnings on the listing were frustrated.
Star Health’s share issue price was Rs 900 however it opened at Rs 848.80, down 5.69 per cent on BSE. However, it picked up because the day progressed and at one purpose it reached Rs 940.
star health insurance ipo details | star health insurance ipo subscription status
Star Health Insurance IPO: Despite being a company backed by Rakesh Jhunjhunwala, the public issue of Star Health Insurance (Star Health Insurance IPO) is getting a very slow response from investors. After receiving 12 percent subscription on the first day of subscription, only 2 percent subscription has been received till the second date of subscription to the public offer i.e. till 11.30 am today. Similarly, the public issue today received only 14 per cent subscription of its total offer. The effect of slow response is also visible in the gray market. According to market sources, shares of Star Health Insurance are available at a premium of Rs 15 in the gray market today.
star health insurance ipo gmp | star health insurance ipo
Star Health Insurance GMP: According to sources, shares of Star Health Insurance are currently trading at a premium of around Rs 30 over its IPO issue price in the gray market, which is Rs 10 less than yesterday’s gray market premium (GMP). Shares of Star Health Insurance were available at a premium of Rs 40 in the gray market on Thursday.
In the last three days, Star Health Insurance’s gray market premium has come down from Rs 70 to Rs 30, a decline of more than 50 per cent over the period.
star health insurance ipo subscription status
Star Health IPO Subscription Status: The IPO of Star Health and Lloyd Insurance Company (Star Health), an investment company of Rakesh Jhunjhunwala, a veteran investor of the stock market, has received a cold response from the investors. It is only 0.55 guna on the last day of the issue. However, the reserve share for retail investors has been 100 per cent subscribed.
Given the sluggish response from investors and the current trend, the company’s stock is expected to have a weak listing. In this case, if you have not invested money in the IPO yet, what should you do? Anil Singhvi, managing editor of G Business, shares Star Health’s IPO strategy.
Valuation is expensive
Anil Singhvi says that Star Health has set a higher valuation for its IPO than peer companies. The valuation of Star Health is expensive compared to a company like ICICI Lombard operating in the same sector, due to which this kind of response has come from investors. However, one positive thing is that market savvy investors like Rakesh Jhunjhunwala are not reducing their stakes, they still have faith in the company.
star health insurance share price
star health insurance ipo listing date
The listing date of Star Health’s IPO is set for December 10. Star Health is a leading private health insurance company owned by a consortium of investors including Westbridge Capital and Rakesh Jhunjhunwala.
star health insurance ipo price
Star Health and Allied Insurance’s IPO was available for subscription from November 30 to December 2. Star Health’s IPO price band was fixed at Rs 870 to Rs 900 per share. 2021 is the third largest IPO. Earlier, Paytm came up with an issue of Rs 18,300 crore and Zomato Rs 9,375 crore.
star health insurance ipo subscription
Star Health IPO has received a shock, it was expected that it will get a great response due to the large investment of veteran investor Rakesh JhunJhunwala. But there has been a cold response from investors regarding this IPO in every category.
Actually, Rakesh Jhunjhunwala has a big investment in Star Health and Allied Insurance Company (Star Health and Allied Insurance Company), he is one of its promoters. The IPO of this company was opened on November 30.
All small and big investors of the country follow Rakesh Jhunjhunwala. So it was expected that this IPO would go hand-in-hand with investors. Especially retail investors will invest in this IPO. But it didn’t happen. Star Health’s IPO closed on Thursday, December 2.
According to data, Star Health’s IPO was subscribed by just 0.79 per cent till 6 pm on Thursday. In this, Retail’s share was subscribed 1.10 times, while QIB’s was subscribed 1.03 times, while NII’s share was subscribed only 0.19 per cent. These figures show that this IPO was not valued at all by investors.
star health insurance ipo gmp today
What is the implication of GMP: Based on gray market premium i.e. GMP, negative listing of Star Health and Allied Insurance may happen in the share market. That is, the investors to whom the IPO of the company will be allotted, may be in loss. Profits cannot be expected on the day of listing based on GMP.
Star Health IPO GMP today is a deduction of INR60 per share.
star health insurance ipo allotment date
As mentioned above, Star Health Insurance’s IPO will open on November 30, 2021 and bidding for the IPO will be open till December 2. The probable date of allotment of the IPO is 7 December 2021. The company aims to raise around Rs 7,249.18 crore from this IPO.
star health insurance ipo listing price
Star Health and Allied insurance underwriter Ltd. (Star Health and Allied Insurance Company) shares were listed in the stock market on Friday. However, investors expecting bumper earnings on the listing were discomfited.. The issue price of the company’s shares was Rs 900 but it opened at Rs 848.80 with a fall of 5.69 per cent on the BSE. However, it picked up as the day progressed and at one point it reached Rs 940.
The investors who bid in the company’s IPO did not get a return on the listing, but the veteran investor Rakesh Jhunjhunwala (Rakesh Jhunjhunwala) reaped a profit of about 6 times i.e. Rs 6,500 large integer on his investment within the company .The company’s IPO was open between November 30 and December 2 and the company raised Rs 6,400 crore through it.
6 times profit
But Jhunjhunwala failed to sell his stake within the company. in step with the company’s RHP, Jhunjhunwala holds fourteen.98 per cent stake in it. in step with the information, Jhunjhunwala bought shares within the company in nine installments between March 2019 and November 2021 at a mean worth of Rs 155.28 At this price, his investment in the company was around Rs 1287 crore.
However, at a price of Rs 940, the value of their investment is Rs 7,791 crore. In this way, he has made a profit of Rs 6,504 crore on his investment.
Jhunjhunwala’s wife Rekha Rakesh Jhunjhunwala also has 3.23 percent stake in Star Health insurance and Allied Insurance Company which is worth Rs 1680 crore. Thus the Jhunjhunwala couple has a total stake of 17.26 per cent in the company which is worth Rs 9,470 crore.
The company’s Rs 7,249.18 crore IPO received only 79 per cent bids. But the company had reduced the size of the offer for sale from Rs 5,249.18 crore to Rs 4,400 crore. The company earned Rs 6,400 crore from the primary stake sale.
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