Industry

Star Health IPO sees 79% subscription

The initial public offering by Star Health and Allied Insurance Co. Ltd. was subscribed 79.3%, with bids received for 3.56 crore equity shares against 4.49 crore shares on offer, as per exchange data. The offer closed on Thursday.

Retail investors bid for 110% (₹784 crore) of the shares reserved for them, while the QIB portion was subscribed 103% (₹2,204 crore), according to a filing. The part reserved for non-institutional investors was subscribed 19% and the employees’ portion, was bid 10%. The full subscription for the QIB portion indicated ‘strong response’ from big investors, a company official said.


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Jan 22, 2022 9:09:51 AM | https://www.thehindu.com/business/Industry/star-health-ipo-sees-79-subscription/article37812197.ece

Next Story