Star Health IPO Allotment Status: Check BSEIndia.Com; Firm has Rakesh Jhunjhunwala backing
Star Health IPO Allotment status is likely to be revealed today, which is Tuesday. Star Health and Allied Insurance's initial public offering (IPO) was not a big success as it was not fully subscribed when the bidding closed. Notable aspect about Star Health IPO is the fact that it is backed by billionaire ace investor Rakesh Jhunjhunwala. In fact, Star Health is owned by a consortium of investors including Jhunjhunwala and Westbridge Capital. However, despite that fact, investors were not really enthused by the IPO. The main reason was that it was priced too high and left very little on the table for investors to benefit from. Star Health IPO subscription totalled just 79%. Star Health had priced its IPO between ₹870- ₹900 per share. Star Health is the country's largest private health insurance firm.
Now that the bidding is over, those investors who put their money into the company, would be looking for the Star Health IPO Allotment Status. Considering the IPO was not fully subscribed, news ought to be good. Rakesh Jhunjhunwala is one of the most successful stock market investors and his picks are generally followed by investors looking t get major returns.
How to check Star Health IPO Allotment Status on BSE website
The direct link where investors can check their Star Health IPO Allotment Status on BSE is - bseindia.com/investors/appli_check.aspx.
Check Star Health IPO Allotment Status on Bombay Stock Exchange website
1. Go to BSE website - link provided above.
2. Select Equity in Issue Type
3. In the Issue Name segment, click on Star Health IPO in the drop-down menu
4. Type in your PAN
5. Tick mark 'I'm not a robot'
Your Star Health IPO Allotment Status will be displayed.
Star Health IPO Allotment Status
You can also check Star Health IPO allotment status on KFin Technologies website
KFin Technologies is the registrar of the IPO, so you can go to https://ris.kfintech.com/ipostatus/ipos.aspx to check Star Health IPO allotment status - this is the official direct link.
1. Pick Star Health in the drop-down menu
2. Type in your Application No. or DPID/Client ID or even PAN
4. Type in the Captcha code
5. Tap on Submit
It will then reveal your Star Health IPO allotment status.
Star Health IPO by the numbers
Star Health IPO received 79 per cent subscription on the final day of the share-sale.
Star Health IPO received bids for 3,56,02,544 shares against 4,49,08,947 shares on offer.
Star Health IPO category for retail individual investors (RIIs) garnered 1.10 times subscription, qualified institutional buyers (QIBs) 1.03 times, while non-institutional investors portion got subscribed 19 per cent.
Star Health IPO QIB portion has been fully subscribed.
Star Health IPO had a fresh issue of up to ₹2,000 crore and an offer-for-sale of up to 58,324,225 equity shares.
Star Health IPO raised over ₹3,217 crore from anchor investors.