Star Health Insurance to open initial public offering

Star Health and Allied Insurance Company Limited (“Company”) will open its Bid/Offer in relation to its initial public offering (“Offer”) on November 30, 2021.

The Price Band of the offer has been fixed at Rs. 870 to Rs. 900 per Equity Share. Bids can be made for a minimum of 16 Equity Shares and in multiples of 16 equity shares thereafter.
The Offer comprises of a fresh issue of up to up to 20,000 million (the “Fresh Issue”) and an offer for sale of up to 58,324,225 equity shares, including up to 30,683,553 equity shares by Safecrop Investments India LLP (“Promoter Selling Shareholder”), up to 137,816 equity shares by Konark Trust, up to 9,518 equity shares by MMPL Trust (“Promoter Group Selling Shareholders”) up to 7,680,371 equity shares by Apis Growth 6 Limited, up to 4,110,652 equity shares by Mio IV Star, up to 7,438,564 equity shares by University of Notre Dame Du Lac, up to 4,110,652 equity shares by Mio Star, up to 2,509,099 equity shares by ROC Capital Pty Limited, up to 1,000,000 equity shares by Venkatasamy Jagannathan, up to 500,000 equity shares by Sai Satish and up to 144,000 equity shares by Berjis Minoo Desai (collectively, the “Other Selling Shareholders”).

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