In an interview to Moneycontrol, ace investor Rakesh Jhunjhunwala said that the health insurance industry is in its nascent stages and could grow 15-20 per cent in the next 15 years.
Stare Health shares fell as much as 8 per cent below its IPO price of Rs 900, but very soon, it surged nearly 4 per cent higher to Rs 932. The company's market cap stood at Rs 48,850.32 crore on the BSE.
Star Health Insurance IPO is open for subscription till December 2 and plans to raise Rs 7,249 crore. To apply for one lot, you need to pay Rs 14,400 at the higher price band of Rs 900.
The initial public offering (IPO) comprises a fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of up to 58,324,225 equity shares by promoters and existing shareholders.
So far in 2021, as many as 51 companies have launched their IPOs to raise over Rs 1 lakh crore from the market, according to the analysis of data with exchanges.
The public offer includes a reservation of shares worth Rs 100 crore for employees. At the upper end of the price band, the initial share-sale is expected to fetch Rs 7,249.18 crore.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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