Some Facts About Upcoming Rakesh Jhunjhunwala's Backed Star Health IPO

  • Investing.com
  • Stock Market News
Some Facts About Upcoming Rakesh Jhunjhunwala's Backed Star Health IPO

By Puneet Sikka

Investing.com - Rakesh Jhunjhunwala's backed Star Health and Allied Insurance open for more than Rs 7,000 crore Initial Public Offering (IPO) on Nov 30. The offering closes on December 2 and the price band is fixed at Rs 870-900 per share and you can bid for a minimum of 16 shares. At the upper price band of the IPO, the company will be valued at $7 billion, making it a decent-sized company in terms of market cap.

Interestingly, Rakesh Jhunjhunwala is not selling any of his shares in the IPO. He has a 17.5% stake in the company. The existing promoters and shareholders will sell up to Rs 5,800 crores of their shares while the company will do a fresh issue of shares worth Rs 2,000 crores.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
  • Mo Lo @Mo Lo
    What will be his stake post IPO ?
    Like 0
  • Faizuddin Quadri @Faizuddin Quadri
    company is in loss dont get yourself trapped apply and exit on listing
    Like 8

Related Articles