What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Star Health & Allied Insurance Limited IPO allotment date?

The basis of allotment for Star Health & Allied Insurance Limited IPO is scheduled to be finalized on 7 Dec 2021.

Where can I check Star Health & Allied Insurance Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 8 Dec 2021.

IPO GreyPremiumLIVE

Grey Market Intelligence

Star Health & Allied Insurance Limited

ListedMainboard

Financial Services · NSE / BSE

Incorporated in 2006, Star Health and Allied Insurance Company Ltd is one of India’s largest private health insurers, holding a market share of 15.8% in FY2021. The company mainly focuses on retail and group health insurance, which together accounted for most of its gross written premium during the year. Policies are largely sold through individual agents, along with corporate agents and bank partners. As of September 2021, Star Health had a wide distribution network of 779 branches across 25 states and 5 union territories, and one of the largest hospital networks in the country with over 11,778 empanelled hospitals.

Price Band

₹870 – ₹900

Issue Size

₹7249 Cr

Lot Size

16 shares

GMP

₹80

-8.9%

Est. Listing

₹820

at current GMP

Subscribed

—

Open

30 Nov 2021

2 Dec 2021

Allotment

7 Dec 2021

Refund

8 Dec 2021

Demat Credit

9 Dec 2021

Listing

10 Dec 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Star Health & Allied Insurance Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

7 Dec 2021

Basis finalization

Refunds Initiate

8 Dec 2021

Mandate release

Demat Credit

9 Dec 2021

Shares in demat

Listing Debut

10 Dec 2021

Trading begins

About Star Health & Allied Insurance Limited Public Issue & Market Profile

Star Health & Allied Insurance Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹7,249.18 Crores. The shares are offered at a price band of ₹870 to ₹900 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2021-12-02, the basis of allotment is scheduled to be finalized on 2021-12-07. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.