The Star Health Initial Public offering (IPO) is set to launch on November end, with a price range of upto Rs. 900 a share. The price band for Star Health and Allied Insurance Company's IPO, which will open on November 30, has been set at Rs. 870-900 per share.
On December 2, the three-day initial public offering will come to an end. The company said that bidding for anchor investors will begin on November 29. The IPO consists of a fresh issue of equity shares worth RS2,000 crore and a promoter and existing shareholder offer-for-sale of up to 58,324,225 equity shares.
Promoters and promoter groups namely Safecrop Investments India LLP, Konark Trust, MMPL Trust -- as well as existing investors -- Apis Growth 6 Ltd., Mio IV Star, University of Notre Dame Du Lac, Mio Star, ROC Capital Pty Ltd, Venkatasamy Jagannathan, Sai Satish, and Berjis Minoo Desai are offering shares through the offer-for-sale.