Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Augmentation of capital base and solvency level
Proceeds from the fresh issue are intended to strengthen the company's capital base and support its regulatory solvency margin as an insurer.
No lots distribution added yet.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
No peer comparisons added yet.
Star Health and Allied Insurance Company Limited is India's largest private and largest retail standalone health insurer, licensed by IRDAI and operating since 2006 as the country's first standalone health insurance provider. The company held roughly a 15.8% share of the overall health insurance market and about a 31.3% share of the retail health insurance segment during fiscal 2021, and has consistently ranked first among standalone health insurers by gross written premium. The company distributes its policies primarily through a large network of individual agents, supplemented by corporate agent banks and other corporate tie-ups. As of March 2021 it operated through 737 branches spread across 26 states and 4 union territories, and had built one of India's largest health insurance hospital networks, with cashless treatment tie-ups at more than 10,870 hospitals. Its underwriting book spans retail health, group health, personal accident and overseas travel insurance, with retail health forming the large majority of gross written premium. The business was significantly impacted by the COVID-19 pandemic, with a sharp rise in claims pushing the company into a substantial underwriting loss for fiscal 2021, even as its scale and market leadership in the retail health segment remained intact.
No anchor investors added yet.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 July 2026, 5:30 AM
Market leadership in retail health insurance
The company is India's largest private health insurer and largest retail-focused health insurer, holding a leading share of both the overall and retail health insurance markets.
Extensive distribution and hospital network
A wide branch network spanning most Indian states, combined with tie-ups across thousands of hospitals nationwide, gives the company broad reach for both policy sales and cashless claims servicing.
Pandemic-driven underwriting losses
A sharp rise in health insurance claims during the COVID-19 pandemic drove the company to a large underwriting loss in fiscal 2021, making standard earnings-based valuation metrics difficult to apply.
Weak investor demand at listing
The offering saw muted institutional and retail demand amid concerns over the company's recent financial performance, reflecting caution about a near-term return to profitability.
Star Health & Allied Insurance Limited
Company contact details are not available.
KFin Technologies Limited
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.