Star Health and Allied Insurance Company Limited raises Rs. 3,217 crores from 62 anchor investors at the upper price band of Rs. 900 per equity share
Star Health and Allied Insurance Company Limited, the largest private health insurance company and the largest retail health insurance company in India by health GWP, with a 15.8% overall health insurance market share and a 31.3% retail health insurance market share in fiscal 2021, according to CRISIL Research has allocated Rs. 3,217 crores ahead of the company’s proposed IPO at the upper band of Rs. 900 per share (including share premium of Rs. 890 per Equity Share) with face value of Rs. 10 per equity share.
The anchor allocation as follows:
| S. No. | Name of Anchor Investor | No. of Equity Shares allocated | % of Anchor Investor Portion | Bid Price Rs. per Equity Share | Total Amount Allocated (Rs.) |
| 1 | MONETARY AUTHORITY OF SINGAPORE | 24,64,336 | 6.89% | 900 | 2,21,79,02,400.00 |
| 2 | GOVERNMENT OF SINGAPORE | 3,11,888 | 0.87% | 900 | 28,06,99,200.00 |
| 3 | THE NEW ECONOMY FUND | 24,82,928 | 6.95% | 900 | 2,23,46,35,200.00 |
| 4 | BAILLIE GIFFORD PACIFIC FUND A SUB FUND OF BAILLIE GIFFORD OVERSEAS GROWTH FUNDS ICVC | 27,76,208 | 7.77% | 900 | 2,49,85,87,200.00 |
| 5 | WF ASIAN SMALLER COMPANIES FUND LIMITED | 27,30,992 | 7.64% | 900 | 2,45,78,92,800.00 |
| 6 | VALIANT MAURITIUS PARTNERS OFFSHORE LIMITED | 11,58,704 | 3.24% | 900 | 1,04,28,33,600.00 |
| 7 | VALIANT INDIA OPPORTUNITIES LTD | 8,27,648 | 2.32% | 900 | 74,48,83,200.00 |
| 8 | VALIANT MAURITIUS PARTNERS LIMITED | 4,96,576 | 1.39% | 900 | 44,69,18,400.00 |
| 9 | UNIVERSITIES SUPERANNUATION SCHEME LIMITED (USSL) AS TRUSTEE OF UNIVERSITIES SUPERANNUATION SCHEME A/C | 12,40,320 | 3.47% | 900 | 1,11,62,88,000.00 |
| 10 | ABU DHABI INVESTMENT AUTHORITY – BEHAVE | 7,75,200 | 2.17% | 900 | 69,76,80,000.00 |
| 11 | THORNBURG DEVELOPING WORLD FUND | 5,78,816 | 1.62% | 900 | 52,09,34,400.00 |
| 12 | DESJARDINS EMERGING MARKETS FUND | 6,31,408 | 1.77% | 900 | 56,82,67,200.00 |
| 13 | LAZARD EMERGING MARKETS CORE EQUITY PORTFOLIO | 1,78,896 | 0.50% | 900 | 16,10,06,400.00 |
| 14 | ABU DHABI INVESTMENT AUTHORITY – MERLION | 4,65,120 | 1.30% | 900 | 41,86,08,000.00 |
| 15 | AL MEHWAR COMMERCIAL INVESTMENTS L.L.C. – (WHITING) | 2,03,408 | 0.57% | 900 | 18,30,67,200.00 |
| 16 | ASHOKA INDIA OPPORTUNITIES FUND | 10,46,016 | 2.93% | 900 | 94,14,14,400.00 |
| 17 | ABU DHABI INVESTMENT AUTHORITY – WAY | 2,59,648 | 0.73% | 900 | 23,36,83,200.00 |
| 18 | ASHOKA INDIA EQUITY INVESTMENT TRUST PLC | 1,44,704 | 0.40% | 900 | 13,02,33,600.00 |
| 19 | ABERDEEN NEW INDIA INVESTMENT TRUST PLC | 1,31,680 | 0.37% | 900 | 11,85,12,000.00 |
| 20 | THE INDIA FUND, INC. | 1,45,520 | 0.41% | 900 | 13,09,68,000.00 |
| 21 | ABERDEEN GLOBAL INDIAN EQUITY LIMITED | 3,01,616 | 0.84% | 900 | 27,14,54,400.00 |
| 22 | MORGAN STANLEY INDIA INVESTMENT FUND, INC. | 4,59,872 | 1.29% | 900 | 41,38,84,800.00 |
| 23 | MORGAN STANLEY INVESTMENT FUNDS INDIAN EQUITY FUND | 1,18,944 | 0.33% | 900 | 10,70,49,600.00 |
| 24 | WCM FOCUSED EMERGING MARKETS FUND | 13,85,424 | 3.88% | 900 | 1,24,68,81,600.00 |
| 25 | JNL MULTI-MANAGER EMERGING MARKETS EQUITY FUND | 3,19,760 | 0.89% | 900 | 28,77,84,000.00 |
| 26 | NATIXIS INTERNATIONAL FUNDS (LUX) I – WCM GLOBAL EMERGING MARKETS EQUITY FUND | 1,11,120 | 0.31% | 900 | 10,00,08,000.00 |
| 27 | SEI INSTITUTIONAL INVESTMENTS TRUST – EMERGING MARKETS EQUITY FUND MANAGED BY WCM INVESTMENT MANAGEMENT | 1,11,120 | 0.31% | 900 | 10,00,08,000.00 |
| 28 | WCM FOCUSED EMERGING MARKETS FUND LP | 1,39,792 | 0.39% | 900 | 12,58,12,800.00 |
| 29 | JANCHOR PARTNERS PANASIAN MASTER FUND | 19,01,840 | 5.32% | 900 | 1,71,16,56,000.00 |
| 30 | SBI LIFE INSURANCE COMPANY LTD | 8,26,880 | 2.31% | 900 | 74,41,92,000.00 |
| 31 | HDFC LIFE INSURANCE COMPANY LTD | 8,26,880 | 2.31% | 900 | 74,41,92,000.00 |
| 32 | FALCON EDGE GLOBAL MASTER FUND,LP | 1,93,312 | 0.54% | 900 | 17,39,80,800.00 |
| 33 | MORAINE MASTER FUND LP | 5,99,920 | 1.68% | 900 | 53,99,28,000.00 |
| 34 | FALCON Q LP | 1,11,120 | 0.31% | 900 | 10,00,08,000.00 |
| 35 | NVIT EMERGING MARKETS FUND | 4,53,664 | 1.27% | 900 | 40,82,97,600.00 |
| 36 | MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND | 2,89,408 | 0.81% | 900 | 26,04,67,200.00 |
| 37 | MIRAE ASSET ASIA SECTOR LEADER EQUITY FUND | 2,89,408 | 0.81% | 900 | 26,04,67,200.00 |
| 38 | HORNBILL ORCHID INDIA FUND | 7,44,221 | 2.08% | 900 | 66,97,98,900.00 |
| 39 | MAX LIFE INSURANCE COMPANY LIMITED A/C ULIF01108/02/07LIFEGRWSUP104 – GROWTH SUPER FUND | 2,44,448 | 0.68% | 900 | 22,00,03,200.00 |
| 40 | MAX LIFE INSURANCE COMPANY LIMITED A/C PARTICIPATING FUND | 1,93,408 | 0.54% | 900 | 17,40,67,200.00 |
| 41 | MAX LIFE INSURANCE COMPANY LIMITED A/C ULIF00125/06/04LIFEGROWTH104 – GROWTH FUND | 1,22,224 | 0.34% | 900 | 11,00,01,600.00 |
| 42 | JUPITER INDIA FUND | 1,09,808 | 0.31% | 900 | 9,88,27,200.00 |
| 43 | JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED – SOUTH ASIA ACCESS FUND | 55,568 | 0.16% | 900 | 5,00,11,200.00 |
| 44 | EDELWEISS TRSUTEESHIP CO LTD.- EDELWEISS MF AC – EDELWEISS RECENTLY LISTED IPO FUND. | 1,65,376 | 0.46% | 900 | 14,88,38,400.00 |
| 45 | EDELWEISS ALTERNATIVE EQUITY SCHEME | 87,904 | 0.25% | 900 | 7,91,13,600.00 |
| 46 | IIFL SPECIAL OPPORTUNITIES FUND – SERIES | 2,77,776 | 0.78% | 900 | 24,99,98,400.00 |
| 47 | THE TIFF KEYSTONE FUND L.P | 2,03,952 | 0.57% | 900 | 18,35,56,800.00 |
| 48 | CATHOLIC ENDOWMENT FUND L.P. | 1,97,344 | 0.55% | 900 | 17,76,09,600.00 |
| 49 | TIFF GLOBAL EQUITY FUND L.P. | 91,504 | 0.26% | 900 | 8,23,53,600.00 |
| 50 | MAKRANA SINGAPORE FUND I PTE LIMITED | 57,872 | 0.16% | 900 | 5,20,84,800.00 |
| 51 | SAMSUNG INDIA SECURITIES MASTER INVESTMENT TRUST EQUITY | 57,872 | 0.16% | 900 | 5,20,84,800.00 |
| 52 | BHARTI AXA LIFE INSURANCE COMPANY LTD | 1,65,376 | 0.46% | 900 | 14,88,38,400.00 |
| 53 | KUBER INDIA FUND | 1,65,376 | 0.46% | 900 | 14,88,38,400.00 |
| 54 | ELARA INDIA OPPORTUNITIES FUND LIMITED | 1,65,376 | 0.46% | 900 | 14,88,38,400.00 |
| 55 | BNP PARIBAS ARBITRAGE- ODI | 31,00,816 | 8.67% | 900 | 2,79,07,34,400.00 |
| 56 | GOLDMAN SACHS (SINGAPORE) PTE.- ODI | 10,98,672 | 3.07% | 900 | 98,88,04,800.00 |
| 57 | MORGAN STANLEY ASIA (SINGAPORE) PTE. – ODI | 2,89,408 | 0.81% | 900 | 26,04,67,200.00 |
| 58 | SUNBRIDGE CAPITAL EMERGING MARKETS FUND | 1,65,376 | 0.46% | 900 | 14,88,38,400.00 |
| 59 | SEGANTII INDIA MAURITIUS | 1,65,376 | 0.46% | 900 | 14,88,38,400.00 |
| 60 | SOCIETE GENERALE – ODI | 1,65,376 | 0.46% | 900 | 14,88,38,400.00 |
| 61 | PARTNERS BAY MASTER FUND | 1,07,488 | 0.30% | 900 | 9,67,39,200.00 |
| 62 | VITTORIA FUND – PB L.P. | 57,888 | 0.16% | 900 | 5,20,99,200.00 |
| Total | 3,57,45,901 | 100% | 32,17,13,10,900.00 |
The Initial Public Offerings comprises fresh issue of equity shares worth Rs. 2,000 crore and an offer of sales of up to 58,324,225 equity shares by Promoter and existing shareholders.
Offer for sale includes Up to 30,683,553 equity shares by Safecrop Investments India LLP (“Promoter Selling Shareholder”), Up to 137,816 equity shares by Konark Trust, Up to 9,518 equity shares by MMPL Trust (“Promoter Group Selling Shareholders”), Up to 7,680,371 equity shares by APIS Growth 6 Limited, Up to 4,110,652 equity shares by MIO IV Star, Up to 7,438,564 equity shares University of Notre Dame Du Lac, Up to 4,110,652 equity shares by MIO Star, Up to 2,509,099 equity shares by ROC Capital PTY Limited, Up to 1,000,000 equity shares by VenkatasamyJagananthan, Up to 500,000 equity shares by Sai Satish and Up to 144,000 equity shares by BerjisMinoo Desai (“Other Selling Shareholders”). The face value of equity shares is Rs. 10 each.
The offer includes a reservation aggregating Up to Rs. 100 crores for subscription by eligible employees (“Employee Reservation Portion”)
^Kotak Mahindra Capital Company Limited, Axis Capital Limited, ^BofA Securities India Limited, ^Citigroup Global Markets India Private Limited, ^ICICI Securities Limited, CLSA India Private Limited, Credit Suisse Securities (India) Private Limited, Jefferies India Private Limited, *Ambit Private Limited, *DAM Capital Advisors Limited, IIFL Securities Limited and *SBI Capital Markets Limited are Book Running Lead Managers to the offer.
^Kotak, Axis, BofA, Citigroup and I-Sec are also acting as the GCBRLMs
*Ambit, DAM Capital, IIFL Securities and SBICAP are also acting as the Co-BRLMs.
The equity shares of the company will be listed on the BSE and NSE.
