Star Health and Allied Insurance Company Ltd IPO Message Board (Page 10)

Since its RJ backed IPO, it might surprise everyone on listing and give decent listing gains

yes I also applied 13 lots for this only...
I think as new covid omricon alert going on it could pre list before its listing date and give huge profit as star health insurance could launch new policy for it ...
any thing can happen...
always be positive......

Those who are lamenting about non allotment, should put an application in STAR , and see the magic . All gilay shikway will be removed. Money bag may also get lighter.

@ jeff bezoz , yaha kisaan kaun hai ?

jis jis ki kahin allotment nhi hoti wo ab try karo aur jaadu check karna sab ko milega aur unseen profit hoga ..
jaise Rakesh Jhunjhunwala ne titan ko jahan pahuchaya yeah bhi wahin milega note it down................

Safecrop Investments India LLP, Westbridge AIF I and Rakesh Jhunjhunwala are the company promoters.

What is the current GMP of Star Health ipo, I feel it''s going to get below 50/80 rs by the listing date.

8 Rs

IPO Name      GMP      Kostak      Subject
Star Health
Rs 15      Rs -      Rs -
Tega Industries
Rs 410      Rs 550      Rs 10000
Anand Rathi Wealth
Rs 125      Rs 250      Rs 3000
Adani Wilmar
Rs 120      Rs -      

Looks like this RJ promoted company may not give any listing gains. Do not go for it. Concentrate on Tega.

@ Amit chheda

I know you are a knowledgeable person . I have special respect for your view and sense.
In earlier posts ,I have said that I have allergy for private insurance company.
For me this is a case of outright avoidance unless there is a clear prospect of listing gain. I am prepared to bet on any company if there is a prospect of listing time play ,with a preparation for any consequences.
So for me , it is neither good at 100 nor at 900 as because it reminds me of ABN SANMAR. What happened to ABN SANMAR after Tsunami?


Kindly reading the RHP help me to understand a/c 03/2021
Revenue is - ve ,profit is -ve but profit is less negative than -ve revenue .Then what about the expenses ? If you say that - ve profit is real profit ( as I have discussed in earlier post) , it is a superb company .why do you speak ill of the price.
I can assure you that IRDAI has no such instruction for preparing (changing with retrospective effect ) such type of revenue account.
Several persons spoke of the - ve revenue but you did not reply at that time. Now you are speaking that it is an excellent company. So ridiculous.
You can not learn everything by reading RHP. You should have some knowledge of the subject.
To know its business prospect
1) Do you know the difference between health insurance and mediclaim?
2) which of the two is more popular ? Which is more potential?
3) Total number of companies dealing in mediclaim?
4) Total number of Standalone health insurance companies?
5) wheather life insurance companies can sell Health insurance? and how many doing?
6) what is the probability of manipulating the contingent event?
7) History of insurance penetration in India?
There several other points which I don''t mention.
Once you have come to the conclusion that it is an excellent company,
you have responsibility to explain it to our friends in the forum ,why it is so ?

I like you very much . This reply is not expression of anything adverse.
I have a high hope that you will reply it.
Thanking you

Dear I am not saying to apply, just saying it is good to buy at 600 and not at 900 plus....if u talk about pricing, then pricing for nykaa, Zomato, policy bazar at such hefty valuation very not derserved.....look at secondary mrkt dmart, irctc....every thing has rate as per demand n supply future growth prospects....and insurance in India has huge growth prospect and star was profitable and will be profitable in future....COVID ii''s one of situation in 100 year...given fair valuation is would be huge successful ipo....anyways views differ....so no point in debating ahead...

Chittorgarh is a educational forum, where one share its knowledge and one learn and grow...so hope we all learn and move ahead by discussing in friendly manner...forgive if hurted.

Lag raha hai aap ne paytm me nahi lagaya.
Laga lo isme acha sabak mile ga.

The Crow verdict: If you are looking for a single reason to decide on this IPO, let me remind you that in Dec 2020 and Mar 2021, Star Health offered shares at Rs 488.96 to existing investors. This was just before the second wave that wreaked havoc and upended their margins. Do note that the country and the health sector was still reeling under the pandemic. And suddenly, 8 months after their last preferential allotment, they come with a mammoth IPO at an upper band share price of 900. Almost double valuation considering future growth at a time when health experts have warned of more such pandemics in the face of SARS and other viruses.

A clear avoid for me at this price. Had the IPO band been 500-550 at the max, I would have happily applied.

Gmp of star health is 12 - 14 rs...

A small doubt for educational purpose
If it subscribes less than 1x , then someone who hav applied at lower price band @ Rs 870 would get allotment or not
P.S not applied

Bro,, you may wanna read this to understand the concept :
https://www.paytmmoney.com/blog/ipo-cut-off-price/

Thanks

look if subscribe below 90% will cancel, if 90% & above share will issue on the lower band if fully subscribed in total 100% and above then on upper brand amt you will get the shares.

Star health is excellent company.

Only reason not to apply is it is impacted badly due to covid and it''s valuation are too high... Once it is available at cheap valuation, then one can initiate buy near 600-700 odd levels.

@ asoke sarkar open rhp and study financial, and then talk....just go through 3 year financial and then interpret it.....recent losses are due to covid impact....they are into insurance business, so u better know reason for losses.....insurance business accounting is governed by irda and itis different from normal accounting, due to which there revenue is negative...they have mentioned in rhp of change in accounting policy....

At 600 it is excellent buy....company is valued on its future growth, which is excellent and management is very sound......anyways u need lot of homework for studing financials and particular industry penetration and business model..

Replied in a new post.

ये आईपीओ फैल होगा full सब्सक्राइब नहीं होगा ?

I still don''t understand who have done 0.89x also in retail... Itna risk appetite kaise hai bhai log...

Maximum are retailers who will approve the UPI mandate after issue closing date

50% UPI application and out of this 50% application 50% will decline mandate after seeing subscription numbers. The rest 50% are those who are frustrated after repeatedly applying IPO after IPO and not getting allotted. :)

Experts and Gurus..🙏 which private bank account you would recommend for net banking ASBA facility..i have to open 4-5 demat and bank account for my family members and relatives.. currently I have 9 demat accounts and all are linked with SBI..now I was thinking of opening account in some private sector bank.

Thanks for your suggestions..🙏😊 Lokesh Sir has recommended Axis as it provides multiple applications.. Does ICICI and Kotak provide multiple applications through net banking ASBA??

Does ICICI and Kotak provide multiple applications through net banking ASBA??
-No
UCO Bank supports up to 5 different applications through ASBA.

IPO Name      GMP      Kostak      Subject
Star Health
Rs 15      Rs -      Rs -
Tega Industries
Rs 400      Rs 500      Rs 6000
Anand Rathi Wealth
Rs 125      Rs -      Rs -
RateGain
Rs -      Rs -      Rs -
Adani Wilmar
Rs 120      

Poor response,, any chance to issue withdraw?

MINIMUM SUBSCRIPTION OF 90%
According to SEBI (Securities and Exchange Board of India), every company needs a minimum subscription of 90% of the issued amount on the date of closure.

In the event of this not happening, the company refunds the entire subscription amount it received.

🔸 Star Health IPO
Day 2
Total Subscription: 0.20x
Retail Quota: 0.89x
GMP : Nil (Very Poor Demand)

🔸 Tega Industries IPO
Day 1
Total Subscription: 4.67x
Retail Quota: 7.51x
GMP: Rs 350

GMP is only for information.

I m applying only in Tega Industries IPO & avoiding Star Health IPO.

Aggressive Traders or investors can take risk in Star Health IPO (depending on Market conditions 10% Listing Gain/Loss possible)

Could this spring a surprise listing like policy bazar? Let''s see on listing day.

policybazar was no surprise.. it was well subscribed in QIB, and HNI was also 8x...
Don''t think Star health is having any of that..

Policybazaar day 2 was
2.08x QIB
0.23x NII
2.04x Retail
1.59x Total