New Delhi, Business Desk. A company with stake in share market veteran investor Rakesh Jhunjhunwala is in discussion. The name of this company is Star Health and Allied Insurance Company. The company is in discussion because it is about to bring an IPO. The price band of Rs 7249 crore IPO has also been decided. The company has kept the price band amount between Rs 870 and Rs 900.
3rd largest IPO
This IPO will be the third largest public offering in the country after Paytm and Zomato. Paytm and Zomato had raised Rs 18300 crore and Rs 9375 crore through IPO from the market. Star Health’s IPO will be open from November 30 to December 2. There will be a fresh issue of Rs 2000 crore in this IPO.
Offer for sale will also be there
There will also be an OFS (Offer for Sale) of 58,324,225 shares in this IPO. There will be a 75 percent quota for QIBs, 15 percent for NII and 10 percent for retail. If the IPO is subscribed on the above price band, then the value of the country’s largest private health insurance group will be Rs 51,000 crore.
How many shares are the slots
If you want to invest in Star Health’s IPO then this is a good investment opportunity. The company has fixed a price band of Rs 870 to Rs 900 for this. There will be 16 shares in one lot. If you invest up to Rs 15000 then after share allotment you can become a partner in Rakesh Jhunjhunwala’s stake company.
who is the registrar
Star Health has appointed KFintech Private Limited as the Registrar for the IPO.
This is the lead manager
Ambit Private Limited
Axis Capital Limited
BofA Securities India Limited
Citigroup Global Markets India Private Limited
CLSA India Private Limited
Credit Suisse Securities (India) Private Limited
DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
ICICI Securities Limited
IIFL Securities Ltd
Jefferies India Private Limited
Box Mahindra Capital Company Limited
SBI Capital Markets Limited