Star Health and Allied Insurance Company Ltd IPO Message Board (Page 18)

GMP no indicator of a company''s future success, if anyone remembers even paytm had gmp, the ipo has a purpose for everyone, look at the objective of the ipo, what will company do with all the money of the ipo, major ofs sale justified if the company is posting profits for some quarters and it indicates that some money is on the table for hni/retail investors, but in this ipo profits have already been sucked, promoters looking to get cash at exorbitant valuation, and there will be a little money with the company and they will pay the debts,, is there any plan to invest the ipo proceeds money to further hire/appoint channel partners, expand network, open branches in other parts of india, increasing spending on marketing etc.. - there is no plan.

So guys its your money its safe until it''s in your bank accounts/hand,, more good companies ipo are on the pipeline, put your money there, go invest in them with double ff, that will give you good yield for your money and too for long term. example company can be like LIC.

Why some people seems to be in rush just by hearing word ipo.

From the first look, it seems like a candidate to Avoid.

@ajas,
From the first look means,
1. basic overview of everything
2. financials as mentioned above
3. basic channel check from health insurance agents
4. gut feeling

And everything depends on market, so nobody can say for sure.
Even some companies with good valuation/growth, gets poor IPO response and vice versa.
So, my opinion is to Avoid as of now and this MAY change with time depending on subscription numbers in future and other findings posted by other members.

This should be enough explanation for the first look, right?

Yes agree with Gj

Share price also 900 rs and gmp only 140/150
Gmp bhi stable rahega ki nahi pata nahi ipo listing tak

Why does it look very expensive on 1st look?
The peers - both icici and nia are trading at good P/E of 48 and 16 respectively.. NIA I agree but Icici Lombard has one of the best customer service and is definitely a good pick in this sector... if instead of -800cr, if it would have made + 1000cr, then also P/E would have been ~50... I don''t know the growth patterns of the insurance companies... Can someone put some light on this?

Looks very expensive.clear cut avoid .Don’t care if it’s Rj or any one else.

Better Avoid

Star Health Ltd GMP 64 - 68 # 24 Nov @ 2pm (Selling Tone at this level)

MOST

ALMOST

COMPANY WHICH OFFERS MORE OFS THAN FRESH ISSUE (75 TO 25 RATIO) WITH LOSS MAKING AND BIG ISSUE SIZE (MORE THAN 3000 TO 5000 CR)

HAS LISTED DISCOUNT

PS - Expect Zomoto Nayka Because Of Brand Value And Etc

Very good insurance company
But risk factor is:
1) High valuation.
2) Global market conditions.
3) Some IPOs discount listing.
4) Lack of fear of Retail investors.

No one is applying for health insurance, 😂people will need health insurance if they lose 20-30% of their wealth.

GMP for this could be a mirage, don''t forget that even PAYTM had GMP 😂😂, its better to and see for few days to see how anchor investors and others are reacting, and even if you are mentally compelled to invest your money in this, don''t go ff.

Another big size ipo

Do I need health insurance before applying this ipo? Just for safety purpose :D

@VSPATEL my bad, i did not read that.
@Kunal B good one 😂🤣😂🤣

you better do, sir

Highly Overpriced. RJ''s average buying price is around Rs 155(started buying from March 2019. P/S - 2.4, P/E - 54, M.cap - 8900 Crs). Company has became loss making from FY21m

At Rs 900:- TTM P/S- 7.43, PE- NA, M.cap-51,796 Crs

Companies Fundamental has deteriorated compared to 2019 and the valuations sky rocketed!!!

Loot the innocent retail investors...!!!!

And the fun fact is it has a GMP of Rs 150.

After Studying data, star insurance looks too expensive on Valuation Front.
Seems like retail & HNI will not make mistake this time, as they made in Paytm.

First look for Ancor book. IF Anchor shows demand like policy bazar which was 40 times extra, then 10-15 Listing gain possible, else discount listing on cards.

Retail & HNI plz do good homework this time, so i will also do & let u know in coming days.

IPO Name      GMP      Kostak      Subject
Star Health
Rs 150      Rs -      Rs 1500
Tarsons Products
Rs 170      Rs 500      Rs 3000
Go Fashion
Rs 400      Rs 250      Rs 6500

Team Chittorgarh - please show Adani Wilmar IPO on front page IPO list, currently it has slipped to the next. Thanks 👍

See, another huge loss making company in last fiscal, although during covid. Big begger seeking money form retail and market. Likewise paytm its looks.
DAYA BADA JHOOL HA....

STAR HEALTH and Allied Insurance Company Limited IPO
schedule and price band status "CONFIRM"

OPEN:30-Nov 2021
CLOSE: 2-Dec 2021
FV : Rs 10.00
Price : Rs 870/- - Rs 900/-
Market Lot : 16 Shares
App Amt : Rs 14400.00
Size : Rs 7249.18 Cr
Retail : 10%
Retail Form : 4,96,494
EMP : Rs 100 Cr
QIB : 75%
NII : 15%
Listing At : BSE, NSE
Registrar : KFintech
Allotment : 8-December-2021
Listing : 10-December-2021

12 lead manager brought by jhunjhunwala

It means nobody has confidence to sail through this ipo 😆😅

Seems to be costly IPO.

Not sure why companies doesnt learn to price the IPO rightly to reflect actual financial performance

Even if it makes profit of 500 cr per year (double than FY 19-20 ) it is asking 100PE which us too high

Star Health and Allied Insurance Company Limited IPO FINAL

Date : 30-Nov to 2-Dec-2021
FV : Rs 10
Price : Rs 870 - Rs 900
Market Lot : 16 Shares
App Amt : Rs 14400
Size : Rs 7249.18 Cr
Retail : 10%
Retail Form : 4,96,494
EMP : Rs 100 Cr
QIB : 75%
NII : 15%
Listing At : BSE, NSE

Registrar : KFintech
Allotment : 8-December-2021
Listing : 10-December-2021

800+ crores loss (after deferred tax credits) for 900+ crores revenue.. Pandemic was really harsh on health insurance companies. But I think Star is one the leaders in health insurance segment. So should be applied with full force for mid/ long term. Listing gains around 25% possible.

Final price band : 870 - 900
No tentative

Lot size : 16
Employee Discount : Flat 80 / - per share

Prima facie, It looks like Policy bazar type listing.

yes. 20-25% profit possible on RJ name and fame

For year ended 31/03/2021 the total revenue and PAT are shown in brackets as (9077.76) and (8255.81) millions respectively. PAT loss one can understand, but how turnover can be in negative? Seems something went wrong in the figures. Please update the accounts figures correctly.