Star Health and Allied Insurance Company Ltd. has announced public offering of 80546447 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 890.00 per share. The gross proceeds of the issue are expected to be Rs 7,24,918.02 lakhs.
The company's initial public offer (IPO) will open on 30 November 2021 and is expected to close on 02 December 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 870.00-900.00 per share.
The IPO includes a fresh Issue of 80546447 Equity Shares of the Company at an price of Rs 900.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 16 shares with bids in multiples of 16.
Star Health and Allied Insurance Company Ltd. anticipates using the proceeds of the issue for .
CLSA INDIA LTD,Jefferies India Pvt. Ltd.,Kotak Mahindra Capital Company Ltd.,Citigroup Global Markets India Pvt. Ltd.,Axis Capital Ltd,Ambit Private Limited,Credit Suisse Securities (India) P. Ltd.,SBI Capital Markets Limited,IIFL Securities Limited,DAM Capital Advisors Limited,BofA Securities India Limited,ICICI Securities Ltd as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.