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IPO Synopsis
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Star Health & Allied Insurance Company Ltd
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Registered Office :
1 New Tank St. Valluvarkottam,High Road Nungambakkam
,
Chennai
-
600034
,
Tamil Nadu
, India.
Phone :
91-44-2828 8800 Fax:
Email : investors@starhealth.in
Website : www.starhealth.in
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Initial public offer of 71,125,997* equity shares of face value of Rs10 each ("Equity Shares") of Star Health and Allied Insurance Company Limited ("Company" or "Issuer") for cash at a price of Rs900^ per equity share (including a share premium of Rs890 per equity share) aggregating
Rs6400.44 crores (The "Offer") comprising a fresh issue of 22,232,230* equity shares aggregating Rs2000.00^ 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
Rs4400.44 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
Rs9.23^ 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 constitute
12.36% and 12.34%, respectively, of the post-offer paid-up equity share capital of the company.
The face value of equity shares is Rs10 each. The offer price is Rs900 per equity share and is 90 times the face value of the equity shares. The anchor investor offer price is Rs900 per equity share.
*Subject to finalisation of the basis of allotment.
^A discount of Rs80 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.
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Opens On
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Closes On
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Application
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Allotment
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30-Nov-21
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02-Dec-21
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Rs 900.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :16 Further
Multiples of :16
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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2000.00
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Project Financed through Current Offer
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6400.44
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Post Issue Equity Share Capital
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575.52
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Issue Price
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Rs 900.00
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To Augment the Company's Capital Base | |
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Promoted By
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Listing At
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Registrar to the Issue
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Safecrop Investments Ind LLP
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Westbridge AIF I
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Rakesh Jhunjhunwala
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