STAR HEALTH IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Star Health IPO GMP Today, Star Health IPO Grey Market Premium Updates | Star Health IPO Listing Gain, Latest target, Opening gain

Star Health and Allied Insurance Company Ltd initial public offer (IPO) is set to open for subscription on November 30 and close on December 2, after it received capital market regulator Sebi’s go-ahead to raise Rs 7249.18 crore through public issue.

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. 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.

Check out Star Health IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Star Health IPO Details:

Issuer Star Health and Allied Insurance Company
Issue Type Book Built Issue IPO
Issue Period Issue Opens: NOV 30, 2021
Issue Closes: DEC 02, 2021
Price Brand ₹870 to ₹900 Per Share
Issue Size ₹7249.18 Cr
Face Value Rs.10 per Equity Share
Market Lot 16 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 75% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 10% of the issue size
Employee Discount ₹80
Fresh Issue ₹ 2000 Cr
Offer for Sale ₹ 5249.18 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 60,104,677 Shares
Grey Market Price Star Health IPO GMP Today

STAR HEALTH IPO REVIEW

Star Health IPO GMP Rates day by day

Star Health IPO Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST
05 DEC 2021
04 DEC 2021
03 DEC 2021
02 DEC 2021
01 DEC 2021 ₹15
30 NOV 2021 ₹15
29 NOV 2021 ₹0
28 NOV 2021 ₹0
27 NOV 2021 ₹12
26 NOV 2021 ₹35
25 NOV 2021 ₹70
24 NOV 2021 ₹70 ₹1500
23 NOV 2021 ₹100 ₹1500
22 NOV 2021
21 NOV 2021

Star Health IPO Market Lot:

 Lot Size:  Minimum 16 Shares & Maximum 208 Shares
 Minimum Amount:  ₹14400
 Maximum Amount: ₹187200

Star Health IPO Allotment & Listing:

 Basis of Allotment: DEC 07, 2021
 Refunds: DEC 08, 2021
 Credit to Demat Account: DEC 09, 2021
 Listing Date: DEC 10, 2021

How to Apply for Star Health IPO?

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How to Apply the Star Health IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Star Health”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Star Health IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Star Health”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Check:- Star Health IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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