The data has been compiled from various sources and might have small difference but overall theme is to subscribe or not — we will focus on that
Star Health IPO — Incorporated in 2006, Star Health and Allied Insurance Company Ltd is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021.
Business and Key areas of Operation – The company primarily focuses on the retail health and group health segments which accounted for 89.3% and 10.7% of the company’s total GWP in Fiscal 2021 respectively. The company mainly distributes policies through individual agents and also includes corporate agent banks and other corporate agents. As of Sep 31, 2021, its network distribution includes 779 health insurance branches across 25 states and 5 union territories in India. Star Health has also built one of the largest health insurance hospital networks in India with more than 11,778 hospitals.
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Offer purpose — The issue consists of a fresh equity issue of 2000 Cr and offer for sale of 5250 Cr. Offer is to augment its capital base
In Short term , Increasing Covid-19 is a major risk. In Long term, any such major disease can be a risk
Largest private health insurance company in India with leadership in the attractive retail health segment.
Largest network distribution in the health insurance industry.
Diversified product suite with a focus on innovation and specialized products.
Strong risk management with superior claims ratio and quality customer services.
Demonstrated track record of operating and financial performance.
Company is working in an underpenetrated but highly competitive sector
Valuations are pricey, better options in secondary market
Should we apply?
For medium to long term, prospects looks ok
Wait for listing to buy at discount to IPO price
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