Star Health IPO was subscribed 79 percent on the last day of its issueStar Health and Allied Insurance provider's initial public deal (IPO) got subscribed 79 percent on the last day of its problem on Thursday, according to Bombay Stock Exchange (BSE) data.
It had actually been launched on November 30, 2021.
The Rs 7,249 crore deal got bids for over 3.55 crore shares against the total problem size of over 4.49 crore shares, the information even more showed.The shares allocated for the qualified institutional purchasers (QIBs) was subscribed 1.03 times, while those for non-institutional investors was subscribed 0.19 times.
Retail financiers' share was subscribed 1.10 times.Star Health IPO consisted of a fresh issue of equity shares worth Rs 2,000 crore and an offer-for-sale (OFS) of approximately 58,324,225 equity shares by promoters and existing shareholders.It had a cost band of Rs 870-900 per share and prior to the IPO, Star Health had raised over Rs 3,217 crore from anchor investors.Star Health is a leading personal health insurer in the country and is owned by a consortium of financiers like Westbridge Capital and billionaire Rakesh Jhunjhunwala.