Star Health and Allied Insurance Company Ltd IPO Message Board (Page 12)

Aisa lagata he, retail vale PayTm IPO se kuch sikhe nahi he....

Big avoid

SH Subscription Details: Day 1

The IPO was subscribed 0.09 times as of 3 p.m. on Nov. 30.

Institutional investors: 0 times.

Non-institutional investors: 0.01 times.

Retail investors: 0.50 times.

Employees: 0 times.

The numbers are staggering... 🤭🤫

Dear
See the IPO size...and HNI / QIB comes last day
let see the numbers last day & take call to apply or not

YE JO COMPANY LOSS KAR RHI HAI YE LOSS CHHOTE CHHOTE INVESTOR KE PAAS SE VASULNE AAYI HAI.

Itne avoid call ke baad bhi retail section aaj aadha aur kal tak pura bhar jayega..isme waise naye retailers bhi hoge jo 20-25 ke age group me honge aur father ke paise se trading karte hoge..😂 Jhunjhunwala ki suno aur pitaji ka paisa mat dubao..

If operators has different game plan then

Then ''Papa kehte hai bada naam karega beta hamara aisa kaam karega''..😅

ANOTHER PAYTM.

yes

How can I get Discount to Employee Reservation Category on star health insurance ipo . I am working as a agent to company.

You should be a full-time employee of star health, make sure the payslip you are getting is from the star health payroll.

I belive agents are not usually employees, at least this is the case for LIC agents, LIC agents are not LIC employees.

Now investors are smarter ...if they want to buy, then they will buy after listing at mouth water price, like they got in cashback share....janta aab hosiyar ho gayi he, like chalak lombdi..

Those who haven''t learned a lesson from Paytm, Star Health will definitely teach them a good lesson.

Gmp 12/15

Star Health and Allied Insurance Company - For those who care beyond the GMP (based on FY21 consolidated financials & post-money (top end of the price band)):

M-Cap: ~INR 518 bn (~INR 51,800 cr)
Solvency Ratio: 2.5x
P / E (X): NA

Addressing a few points that have come up in the various discussions on this Company:
1. RJ is an investor - For me it doesn''t matter; for every Nazara and Titan that he has in his portfolio he also has/had a Mandhana Industries, JP Associates, A2Z Infra. So frankly, his presence doesn''t make or break the investment case for me.
2. Westbridge as an investor - An aggressive (when it comes to exiting their portfolio companies) Private Equity fund and their last portfolio company to go public was Aptus Value Housing Finance with an underwhelming listing of a dearly priced IPO. It has sunk further since listing though the quality of the business is good but simply overpriced. Something to think about when thinking of applying in Star Health for the long run.
3. Good Company, Good Management, Good Business, Expensive Pricing even if Omicron wasn''t around, Bad Timing - Essentially, this is a great business for the long term if one is of the view that events like COVID will happen only once every 25/50 years. The business has shown great growth and profits prior to COVID and in the next 2/3 years once the threat of COVID is normalized, I''d expect them to come back to great profitability.
4. They are raising INR 20 bn in fresh money and about INR 52.5 bn is going to selling shareholders, for a total issue size of INR 72.5 bn. Is this the best mix that their battery of 12 merchant bankers could advise them on? Especially, considering that the business is coming out of COVID even if the current Omicron threat is ignored? Wouldn''t it have been better to increase the primary component to make the business healthier or if not that then reduce the amount from selling shareholders or better still reduce the IPO pricing and ask selling shareholders to sell when the business sees better times? The solvency ratio dropped to 1.52x in Sept''21 against the regulatory minimum threshold of 1.5x as per IRDAI - just on the brink of non-compliance (they were non-compliant and as per risks in the RHP had gone below 1.5x even in Sept''18 with IRDAI denying their request for leniency (yep, they actually asked for permission to be non-compliant) resulting in them raising an emergency INR 3.5 bn - poor judgment by management and financial investors who forced the business to the brink!). Even after the INR 20 bn fresh infusion if will go to 2.5x and that is without any deterioration due to Omicron. What is Omicron is worse than we all imagine? If not, I''ll just end up being a naysayer and the business would have survived having taken a very risky call. If yes, then this business will see very very tough times. Either ways, the 12 merchant banker, prolific investors like RJ & Westbridge could have structured the issue better than to have just INR 20 bn in fresh capital and INR 52.5 bn in capital to selling shareholders. For me this is quite simply dumping the risk onto the investors who come in the IPO. Also, existing investor will continue to be dominant shareholders even after the IPO and given their poor decisions of the past, I''m not inspired!

All in all, I''m pretty sure that this IPO will get a good response from the public markets but would I invest a single dime in it? No! Forget HNI, not even in retail - not even for the thrill! But do I think the business is bad? No, its a great business to be held for the long term when perhaps COVID risks are a little further behind and there is some price discovery after IPO. For now, I''m better off paying my policy premium (yes, I''m a customer) to them as my humble contribution to this business rather than applying in the IPO and becoming a shareholder. But depending on the general COVID/Omicron developments and the post listing scenario, I will definitely track it and decide when it makes sense for me to buy into the business. But the IPO is a definitive avoid for me. Keep minting!

@NeoLongus sir,
Very good indepth analysis, written much earlier to the IPO dates.
People who read this would have taken a right decision. Otherwise this is also a known name like Paytm and would get struck. Now those invested in this IPO has to remain for long term or book losses.

Nice thread. I avoided it but I like this business too. I will definitely add at 30 or 40% discount. Mean while I added more ICICI Lombard though not comparable directly.

100% avoid

Flop show beginning today..... assume very flop ipo of the year...

Retail investors bid for 23 percent of their reserved portion, while the portion set aside for employees was yet to be subscribed.

Non-institutional investors subscribed for 11,184 shares of their reserved portion, while qualified institutional buyers are yet to put in their bids for the offer.

LOL 😂😂😅😅🤣🤣🤣

Very big swing happening in the market at present and it is high risk to get involved in these IPO. The financials stated here also not much impressive. Read RHP clearly before investing.

People already have burnt their hands in Paytm IPO, be cautious applying for this IPO,. I understand these are high valued. GMP is also not very impressive.

Warning :

Retail plz control ur emotions...it''s big no to this ipo. Make ur study accordingly...

Most of the retailer who has applied has been asked by Broker seems to be after discount listing they will become long term investor.

Avoid

For those who want to test if they are applying properly in IPOs this is the right kind of IPO...a sure shot allotment looks like on the cards...vanishing gmp, weak secondary markets and couple of other clashing ipos with heavy gmps may help ensure a confirm allotment for all valid applications...

Note: IPO investments are subject to market risks...it will all depend on final day subscription...

Anand Rathi
2 to 6 Dec
666 cr size
Price Band 550
Retail 35%

Now, it''s official Announcement