Star Health and Allied Insurance Company Ltd IPO Message Board (Page 6)

Congrats to every retail applicants for confirm allotment..I was not enough lucky to apply.

Now people won''t complain about NO allotment from last one year

Not fully subscribed!!! Will this IPO SAIL thru? Hope it does not otherwise it will be huge loss to simpleton retailers.

Because in a loss-making company, according to SEBI''s rule, if the QIBs portion is not at least 90% subscribed, then it won''t sail through.
In a profitable company where 35% is for retail, the sail through the limit of 90% is for the entire issue and not just QIB like non-profitable.

True, I heard RJ talking big big on TV shows about value buy, moral , ethics in stock market.. but when it comes to him those rules are not applicable ..

I am not sure why people atleast who refer to this website, have applied in this ipo.
Even mr. dilip dawra ji, who rarely have said, AVOID, did so for this issue.
A very good lesson for greedy promoters and esp the likes of rakesh jhunjhunwala.
Greedy pricing and a sweet rebuke by invesors

Applied lets see alloted or not.If alloted there will be decent gain of 14400!!



I haven''t approved mandate...

It seems that the IPO would be withdrawn

Sure, it is through.

They may reduce from OFS portion for unsubscribed portion. It''s for LM and registrar to take a call on details of allocation ..many retailers may not mandate their payments, few might have canceled .. it will be known next week..

What if significant portion of retail do not approve mandate? Figure will be clear tomorrow. RJ can judge market sentiment so pathetically does not seems to hold. They launched it loot as much money as they can as they see bear eyeing the market. Many FII are not suggesting to exit from India and enter China so beware.

Investors response would have worse, had RJ decided to exit during IPO. Thanks to him it sailed and in return his shares value increased multifold.
What an idea sir ji. ise kahte hain dimag. chitt bhi meri aor patt bhi meri.

Inspite of Rs80 discount for Employee''s, only 10% have subscribed. So employees too felt the premium as high !!

RJ had planned to brutally looting to investors riding on ipo crazies market and eagerness of retailers for ipo seems

These might give listing surprise Operator Game

Yup! It is possible if the condition changes before listing because there will be very less free float as hni and retail have very low subscriptions. In case demand boost up (negligible chances) the price will boost tremendously due to lack of seller.

Ipo price should be Rs 500/

I feal this is the first issue in recent years which is going to allot at lower limit of 870 instead of upper limit of 900.

Retail applicant being fooled into applying. Watch out for final retail data. The issue is a failure but expected to be bailed out by QIBs who will pump public money into thid dud issue.

As expected QIBs.... read FIIs ....(read Hawala money at your own risk) bailing it out. Pathetic lead managers. As one says... Too many cooks spoil the broth. Employees turned out be more sensible than Retail Public.

The issue it seems has sailed through. The QIB have bailed it out with some help from retail public.
Total shares on offer was 7,94,35,336.Out of these they received bids for 7,13,44,781 till now (remember there was anchor allotment also). This is 90% of the entire issue. Besides they only needed subscription of 90% of fresh issue shares. They got much more than that. But hope future companies coming with IPOs take some lessons and leave something on the table for the investors also and not be super greedy.

People should withdraw the application who applied already. So this Lead Manager will learn the lesson on IPO pricing. They are thinking retail invester don''t know anything and will get money whatever they ask.

Employees had an discount of 80 rs and still did not apply. That shows that cancel your application in extended period

Very good. Except retail nothing is changing.

Wow!!! the employee subscription is 0.1 even they don''t seem to have faith in their own company given that they are getting some discount.

sabko bacha liya under subscription ne baki paytm jesa haal hota or ab to omicrone bhi aa gaya market me

I''m so glad StarHealth''s IPO is failing. These guys committed fraud and denied my Dad''s claim for Covid in October. Karma hitting back. Now looking to loot the innocent retail investors.

I''m*

Really? on what grounds Star health rejected ur fathers covid claim?

If our Company does not receive the minimum subscription in the Offer as specified under Rule 19(2)(b) of the SCRR or minimum subscription of 90% of the Fresh Issue on the date of closure of the Offer; or withdrawal of applications; or after technical rejections; or if the listing or trading permission is not obtained from the Stock Exchanges for the Equity Shares so offered under the Offer Document, our Company shall forthwith refund the entire subscription amount received. If there is a delay beyond four days, our Company and every Director of our Company, who are officers in default, shall pay interest at the rate of fifteen per cent per annum. Subject to applicable law, the Selling Shareholders shall not be responsible to pay interest for any delay, unless such delay has been caused solely by it. The requirement for minimum subscription is not applicable to the Offer for Sale. In case of under-subscription in the Offer, after meeting the minimum subscription requirement of 90% of the Fresh Issue, the balance subscription in the Offer will be met in the following order of priority: (i) through the sale of Offered Shares being offered by the Selling Shareholders in the Offer for Sale; and (ii) through the issuance of balance part of the Fresh Issue. Undersubscription, if any, in any category except the QIB portion, would be met with spill-over from the other categories at the discretion of our Company and the Selling Shareholders, in consultation with the GCBRLMs, BRLMs and Co-BRLMs, and the Designated Stock Exchange. Further, our Company shall ensure that the number of prospective Allottees to whom the Equity Shares will be Allotted shall not be less than 1,000 in compliance with Regulation 49(1) of SEBI ICDR Regulations.

Very informative..
So it will sail through. Nevertheless we are witnessing history in making.

So those who were testing luck/theories will be allotted full share of their requests.

We can see surprises in days to come leading up to listing of the shares.

Some employees will face disciplinary actions this week, some will feign on health issues or will give any other reason. 😂😂

Looks like promotors attempt to offload the shares successfully failed... 😝😝

JM Financial IPO Funding account review Anyone?? want to know about rates/fd_return/service/ min. ticket?