Star Health and Allied Insurance | Globe Capital
Star Health and Allied Insurance
Closed
Price Band
₹870 to ₹900
IPO Issue Period
Nov 30, 2021 to Dec 2, 2021
Issue Size
Rs. 2,006 crores
Fresh issue
Rs. 2,000 crores
Offer for sale
Rs. 6 crores
Registrar to the Issue
KFin Technologies Private Limited

Kotak Mahindra Capital Company Limited Axis Capital Limited BofA Securities India Limited Citigroup Global Markets India Private Limited ICICI Securities Limited ICICI Centre, H. T. Parek

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.

For year/ period ended ( in Cr.)

31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 5,283.39 4,885.37 3,713.52
Profit After Tax -825.58 268 128.23
EPS -16.54 5.48 2.78
OPM(%)
PATM(%)
  • Largest private health insurance company in India with leadership in the attractive retail health segment;
  • One of the largest and well spread distribution networks in the health insurance industry and integrated ecosystem;
  • Diversified product suite with a focus on innovative and specialized products;
  • Strong risk management focus with domain expertise driving a superior claims ratio and quality customer service;
  • Substantial investment in technology and innovative business processes; and
  • Demonstrated superior operating and financial performance
  • The main objects and objects incidental and ancillary to the main objects set out in the Memorandum of Association enable the company
  • To undertake our existing business activities; and
  • To undertake the activities proposed to be funded from the Net Proceeds
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