Everything You Need to Know About the Star Health Insurance IPO

Star Health Insurance is the largest private health insurance company and the largest retail health insurance company in India by health GWP (Gross Written Premium), with a 15.8% overall health insurance market share and a 31.3% retail health insurance market share in Fiscal 2021. The company is mainly focused on the retail health market segment with a GWP of Rs. 8,215.09 crores which accounted for 89.3% of the company’s total health GWP in Fiscal 2021.

From being the first standalone health insurance (SAHI) company established in India in 2006, the company has grown into the largest SAHI company in the overall health insurance market in the country with a total GWP of Rs. 9,348.95 crores and a pan-India distribution network of 737 health insurance branches spread across 26 states and 4 union territories in India as of March 31, 2021.

The public offer of Star Health Insurance comprises a fresh issue of equity shares aggregating up to Rs. 2,000 crores and an offer for sale of 6 crore equity shares from existing shareholders.

Financial Snapshot:

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 3,713.52 128.23 2.78
March 2020 4,885.37 268.00 5.48
March 2021 5,283.39 -825.58 -16.54

You can check out more information on the Star Health Insurance IPO in the prospectus filed by the company.

IPO Details:

Issue Period 30th November to 2nd December 2021
Price Range ₹ 870 to 900 per share
Minimum Bid Quantity 16 and in multiples thereof
Finalisation of Allotment 7th December 2021
Initiation of Refunds 8th December 2021
Credit of Shares 9th December 2021
Listing Date 10th December 2021

How do I apply to the Star Health Insurance IPO?

You can apply for the Star Health Insurance IPO using any supported UPI app by following two steps:

  • Enter your bid on Console

  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Star Health and Allied Insurance IPO?

You can check the allotment status for the Star Health and Allied Insurance IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 7th December 2021.


Seems like those Covid policy sold at low premiums really ravaged Star’s profitability.