Star Health & Allied Insurance Company Ltd - IPO

Star Health & Allied Insurance Company Ltd IPO Details

Initial public offer of 71,125,997* equity shares of face value of Rs. 10 each (Equity Shares) of Star Health and Allied Insurance Company Limited (Company or Issuer) for cash at a price of Rs. 900^ per equity share (including a share premium of Rs. 890 per equity share) aggregating Rs. 6400.44 crores (The Offer) comprising a fresh issue of 22,232,230* equity shares aggregating Rs. 2000.00^ crores (The Fresh Issue) and an offer for sale of 48,893,767* equity shares, including 29,854,380 equity shares by Safecrop Investments India LLP (Promoter Selling Shareholder), 133,925 equity shares by Konark Trust, 9,249 equity shares by MMPL Trust (Promoter Group Selling Shareholders) 4,348,245 equity shares by Apis Growth 6 Limited, 3,383,255 equity shares by Mio IV Star, 5,629,019 equity shares by University of Notre Dame DU LAC, 2,487,714 equity shares by Mio Star, 1,403,980 equity shares by Roc Capital Pty Limited, 1,000,000 equity shares by Venkatasamy Jagannathan, 500,000 equity shares by Sai Satish and 144,000 equity shares by Berjis Minoo Desai (collectively, the Other Selling Shareholders and collectively with the promoter selling shareholder and promoter group selling shareholders are referred to as the Selling Shareholders, and such equity shares, the Offered Shares) aggregating Rs. 4400.44 crores (The Offer for Sale). The offer shall constitute 12.36% of the post-offer paid-up equity share capital of the company. The offer includes a reservation of 112,592* equity shares, aggregating Rs. 9.23^ crores (constituting 0.02% of the post-offer paid-up equity share capital, for subscription by eligible employees (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constitute12.36% and 12.34%, respectively, of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. The offer price is Rs. 900 per equity share and is 90 times the face value of the equity shares. The anchor investor offer price is Rs. 900 per equity share.*Subject to finalisation of the basis of allotment.^A discount of Rs. 80 per equity share was offered to eligible employees bidding in the employee reservation portion.Bids can be made for a minimum of 16 equity shares and in multiples of 16 equity shares thereafter.

Objective of issue

To Augment the Company's Capital Base.

Star Health & Allied Insurance Company Ltd Contact Details

Star Health & Allied Insurance Company Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investors@starhealth.in

Website - www.starhealth.in