Star Health and Allied Insurance to Open its IPO Next Week

Rakesh Jhunjhunwala backed Health Insurance Company Star Health and Allied Insurance is about the open its IPO next week. The company has set the target to raise Rs 7,249 crore through this public issue with a price band of Rs. 870-900 per share. 

Multiple shareholders are willing to sell their shares through this IPO. The health insurance company has a market share of 15.8% in the Indian Health Insurance Market and by September 30, 2021, the company has managed to establish a distribution network of 770 health insurance branches across 25 states and 5 union territories of the country.