INSUBCONTINENT EXCLUSIVE:
Star Health is planning to raise Rs 7,249.18 crore from the IPOBillionaire investor Rakesh Jhunjhunwala-backed Star Health and Allied
The portion set aside for qualified institutional buyers or QIB was subscribe 0.07 times, while the portion reserved for non-institutional
bid for minimum one lot of 16 shares up to maximum of 13 lots
the IPO using the PE ratio
At the higher end of the price band, Star Health IPO is aggressively priced at a Mcap/ GWP ratio of more than ~5.50 times
This is higher compared to peer New India Assurance, but lower than ICICI Lombard General Insurance Company
Given superior return ratios and financial performance, ICICI Lombard is expected to command a higher valuation
Due to steep valuations, the issue may be a risky bet in the short term," INDmoney said in a report.Star Health is planning to raise Rs
7,249.18 crore from the IPO which consists of an offer for sale by existing promoters and shareholders worth Rs 5,249.18 crore and fresh
