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.
