Upcoming IPO News - Star Health and Allied Insurance Company (Backed by Rakesh Jhunjhunwala)

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Star Health and Allied Insurance Company IPO

DHRP for the Start Health IPO, is being filed currently-
Rakesh and Rekha Jhunjhunwala hold 17.26% stake in this company.
(Nazara games, which was backed by him did give very well in terms of short time gains)

IPO Size is expected to be little less than 7500 crores. Retail Quota is 10%
The listing price of Start Health IPO is expected to be Rs. 900/-

Insurance Companies are a good bet to invest in – as Insurance is a sector where losses can be managed better – however they are managed by stringent IRDA policies

HDFC Life insurance IPO bid price was Rs. 290 in Nov 2017 and today its at Rs. 704/-
ICICI prudential IPO bid price was at Rs. 334 in Sept 2016 and today its at Rs. 640/-
SBI Life insurance IPO bid price was at Rs. 700 in Sept 2017 and today its at Rs. 1182/-

source of news- https://twitter.com/ipo_mantra/status/146306452...
https://economictimes.indiatimes.com/markets/ip...
https://news.abplive.com/business/rakesh-jhunjh...

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Star Health insurance has a 15.8% market share in overall health insurance and a 31.3% market share in retail health insurance (Fiscal 2021)

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