Subscribe to Star Health and Allied Insurance Company: Choice Equity Broking

#Choice Equity Broking, #IPO, #IPO - Issues Open, #IPO Broker Analysis, Star Health and Allied Insurance Company, #subscribe, #Upcoming Issues, click here

Choice Equity Broking IPO report on Star Health and Allied Insurance Company

Backed by Rakesh Jhunjhunwala and India’s first pure-play health insurance company, Star Health and Allied Insurance Company Ltd. (Star Health), is coming up with an IPO to raise Rs. 7,250cr, which opens on 30th Nov. and closes on 2nd Dec. 2021. The price band is Rs. 870 – 900 per share. The issue is a combination of fresh and OFS. The company will not receive any proceeds from the OFS part of the issue. Net proceeds from the fresh issue will be used to augment the capital base, thereby maintaining the solvency levels of the company. In the last 6-12 months, the company has issued shares to the investors at significant discount to the issue price.

Valuation and Outlook

Moreover, the demanded valuations is at elevated premium to recent capital issuance. Thus considering the above observations, we assign a “Subscribe with Caution” rating for the issue.

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

News Related

OTHER NEWS

Electronics production in India to reach $300 billion by 2026: Report

Representative image Electronics production in the country is expected to reach USD 300 billion by 2026, industry body ICEA said in a report on Monday. The National Policy on Electronics ... Read more »

Sasken Tech Consolidated December 2021 Net Sales at Rs 106.27 crore, down 6.69% Y-o-Y

Reported Consolidated quarterly numbers for Sasken Technologies are: Net Sales at Rs 106.27 crore in December 2021 down 6.69% from Rs. 113.89 crore in December 2020. Quarterly Net Profit at ... Read more »

KFC Kenya will start sourcing potatoes from local producers amid fries shortage

Photo by: Jason Yuen/Unsplash KFC Kenya is set to start using potatoes from local farmers by the end of this year. The Nyandarua County Government in Kenya and Kentucky Fried ... Read more »

Datamatics Glob Consolidated December 2021 Net Sales at Rs 300.77 crore, down 0.75% Y-o-Y

Reported Consolidated quarterly numbers for Datamatics Global Services are: Net Sales at Rs 300.77 crore in December 2021 down 0.75% from Rs. 303.06 crore in December 2020. Quarterly Net Profit ... Read more »

Polycab Consolidated December 2021 Net Sales at Rs 3,372.00 crore, up 20.48% Y-o-Y

Reported Consolidated quarterly numbers for Polycab India are: Net Sales at Rs 3,372.00 crore in December 2021 up 20.48% from Rs. 2,798.83 crore in December 2020. Quarterly Net Profit at ... Read more »

Vakrangee Consolidated December 2021 Net Sales at Rs 208.67 crore, up 180.61% Y-o-Y

Reported Consolidated quarterly numbers for Vakrangee are: Net Sales at Rs 208.67 crore in December 2021 up 180.61% from Rs. 74.36 crore in December 2020. Quarterly Net Profit at Rs. ... Read more »

Rattan Power Consolidated December 2021 Net Sales at Rs 804.79 crore, up 164.86% Y-o-Y

Reported Consolidated quarterly numbers for RattanIndia Power are: Net Sales at Rs 804.79 crore in December 2021 up 164.86% from Rs. 303.86 crore in December 2020. Quarterly Net Loss at ... Read more »

IDBI Div 95 Consolidated December 2021 Net Interest Income (NII) at Rs 2,389.07 crore, up 31.54% Y-o-Y

Reported Consolidated quarterly numbers for IDBI Div I NIT 95 are: Net Interest Income (NII) at Rs 2,389.07 crore in December 2021 up 31.54% from Rs. 1816.29 crore in December ... Read more »

Max Ventures an Consolidated December 2021 Net Sales at Rs 38.22 crore, down 87.09% Y-o-Y

Reported Consolidated quarterly numbers for Max Ventures and Industries are: Net Sales at Rs 38.22 crore in December 2021 down 87.09% from Rs. 296.09 crore in December 2020. Quarterly Net ... Read more »

20 Microns Consolidated December 2021 Net Sales at Rs 161.25 crore, up 7.68% Y-o-Y

Reported Consolidated quarterly numbers for 20 Microns are: Net Sales at Rs 161.25 crore in December 2021 up 7.68% from Rs. 149.75 crore in December 2020. Quarterly Net Profit at ... Read more »

Datamatics Glob Standalone December 2021 Net Sales at Rs 149.40 crore, up 31.56% Y-o-Y

Reported Standalone quarterly numbers for Datamatics Global Services are: Net Sales at Rs 149.40 crore in December 2021 up 31.56% from Rs. 113.56 crore in December 2020. Quarterly Net Profit ... Read more »

Wendt Consolidated December 2021 Net Sales at Rs 41.22 crore, up 15.24% Y-o-Y

Reported Consolidated quarterly numbers for Wendt (India) are: Net Sales at Rs 41.22 crore in December 2021 up 15.24% from Rs. 35.77 crore in December 2020. Quarterly Net Profit at ... Read more »

Kabra Extrusion Consolidated December 2021 Net Sales at Rs 105.36 crore, up 69.93% Y-o-Y

Reported Consolidated quarterly numbers for Kabra Extrusion Technik are: Net Sales at Rs 105.36 crore in December 2021 up 69.93% from Rs. 62.00 crore in December 2020. Quarterly Net Profit ... Read more »

Inventure Grow Consolidated December 2021 Net Sales at Rs 13.24 crore, up 68.88% Y-o-Y

Reported Consolidated quarterly numbers for Inventure Growth and Securities are: Net Sales at Rs 13.24 crore in December 2021 up 68.88% from Rs. 7.84 crore in December 2020. Quarterly Net ... Read more »

Delhi HC lists for April 20 PIL on issue of Prime Minister's security

Prime Minister Narendra Modi was stuck on a flyover for almost 20 minutes on his way to Punjab to attend an event on January 5 after protesters blocked his way. ... Read more »

Cybertech Consolidated December 2021 Net Sales at Rs 35.57 crore, up 17.56% Y-o-Y

Reported Consolidated quarterly numbers for Cybertech Systems and Software are: Net Sales at Rs 35.57 crore in December 2021 up 17.56% from Rs. 30.25 crore in December 2020. Quarterly Net ... Read more »

Havells India Standalone December 2021 Net Sales at Rs 3,652.25 crore, up 15.36% Y-o-Y

Reported Standalone quarterly numbers for Havells India are: Net Sales at Rs 3,652.25 crore in December 2021 up 15.36% from Rs. 3,165.85 crore in December 2020. Quarterly Net Profit at ... Read more »

SHAREINDIA Consolidated December 2021 Net Sales at Rs 201.00 crore, up 81.16% Y-o-Y

Reported Consolidated quarterly numbers for SHAREINDIA are: Net Sales at Rs 201.00 crore in December 2021 up 81.16% from Rs. 110.95 crore in December 2020. Quarterly Net Profit at Rs. ... Read more »

Elixir Cap Consolidated December 2021 Net Sales at Rs 1.00 crore, down 86.05% Y-o-Y

Reported Consolidated quarterly numbers for Elixir Capital are: Net Sales at Rs 1.00 crore in December 2021 down 86.05% from Rs. 7.19 crore in December 2020. Quarterly Net Profit at ... Read more »

California Soft Consolidated December 2021 Net Sales at Rs 4.00 crore, up 900% Y-o-Y

Reported Consolidated quarterly numbers for California Software are: Net Sales at Rs 4.00 crore in December 2021 up 900% from Rs. 0.40 crore in December 2020. Quarterly Net Profit at ... Read more »

Lyka Labs Consolidated December 2021 Net Sales at Rs 35.57 crore, up 32.67% Y-o-Y

Reported Consolidated quarterly numbers for Lyka Labs are: Net Sales at Rs 35.57 crore in December 2021 up 32.67% from Rs. 26.81 crore in December 2020. Quarterly Net Profit at ... Read more »

Delhi Metro will curtail services on Republic Day

Delhi-Metro Delhi Metro services on Line 2 between HUDA City Centre and Samaypur Badli will be curtailed on January 26 on account of the security arrangements for the Republic Day ... Read more »

Gland Consolidated December 2021 Net Sales at Rs 1,063.33 crore, up 23.73% Y-o-Y

Reported Consolidated quarterly numbers for Gland Pharma are: Net Sales at Rs 1,063.33 crore in December 2021 up 23.73% from Rs. 859.42 crore in December 2020. Quarterly Net Profit at ... Read more »

Sphere Global Consolidated December 2021 Net Sales at Rs 1.26 crore, down 35.25% Y-o-Y

Reported Consolidated quarterly numbers for Adroit Infotech Limited are: Net Sales at Rs 1.26 crore in December 2021 down 35.25% from Rs. 1.94 crore in December 2020. Quarterly Net Profit ... Read more »

Anand Mahindra, ex film student, may just take up Madhya Pradesh Chief Minister's offer

Anand Mahindra had revealed in a tweet on January 20 that he wanted to be a filmmaker and studied the subject in college.  After industrialist Anand Mahindra revealed last week ... Read more »

Real estate market sentiment up in December quarter but Omicron concerns linger

Sentiment Index Score for real estate touched a record 65 for the fourth quarter of 2021, topping the previous high of 63 in the third quarter, noted a report called Knight Frank-FICCI-NAREDCO Real ... Read more »

New airbag rule: What it means for automobile customers

Airbags: Saving lives Union Minister of Road Transport and Highways Nitin Gadkari recently has taken forward his proposal of making six airbags mandatory for all eight-seater vehicles. Gadkari had recently ... Read more »

Domestic car sales drop 4.2% in 2021, seen higher this year

FILE PHOTO: Models pose beside a Nissan Kicks E-Power electric vehicle car at the Thailand International Motor Expo 2021 in Bangkok on Dec 2, 2021. (AFP) Domestic car sales fell ... Read more »

PM Modi interacts with Pradhan Mantri Rashtriya Bal Puraskar recipients

PM Narendra Modi (File image) Prime Minister Narendra Modi on Monday virtually interacted with the winners of the Pradhan Mantri Rashtriya Bal Puraskar and awarded them certificates digitally using block ... Read more »

Market nosedives for fifth straight session, investors lose over Rs 17.5 trillion: 5 reasons why

The Indian market’s downward spiral continued for the fifth consecutive session on January 24, with the benchmark indices trading almost 2 percent down each at mid-day. The five days of ... Read more »

Moneycontrol PRO & Espresso present Nifty Banker 2.0 on Monday, 24th January, at 8 pm, with Prashant Mullick on “A Nifty Mean Reversion Story”

Prashant Mullick | PC-MoneyControl Nifty Banker 2.0 is India’s First Retail Index Traders Online Conferences to be organised in India. Some of the best index traders in India will share ... Read more »

HUL Q3: Discretionary, out-of-home products grow at pre-COVID levels

Even as Hindustan Unilever Limited (HUL) battles inflationary headwinds and a slowdown in rural India, the company’s discretionary and out-of-home portfolio, which consists of products ranging from ice cream to ... Read more »

RBI to conduct overnight VRR auction of Rs 75,000 crore on January 24

Representative image The Reserve Bank of India on Monday said it will be conducting an overnight variable rate repo auction under liquidity adjustment facility (LAF) for an amount of Rs ... Read more »

Here are the reasons why Netflix hasn't been able to crack the Indian streaming market

Representative image. India has been a tough market for US streaming giant Netflix to crack, a fact Chief Executive Officer Reed Hastings made amply clear in his fourth-quarter earnings call ... Read more »

Pepsi rolls out its first-ever donut in collaboration with Randy's

Photo by: Pepsi Press Release Pepsi Cola announced the release of its first-ever donut in partnership with Randy's. This new treat from the soft drink manufacturer will be available for ... Read more »

Tata Technologies plans to hire 3,000 innovators in next 12 months

Source: ShutterStock Global engineering and product development digital services firm Tata Technologies on Monday said it will hire over 3,000 innovators over the next 12 months under its expanded talent ... Read more »

Sri Lanka hopeful of obtaining further Indian aid of $1.5 billion: Foreign Minister

Representative Image The Sri Lankan government has said that there is a possibility of it obtaining a further USD 1.5 billion in aid from India, weeks after New Delhi announced ... Read more »

Explainer: Why is PTC India Financial Services under the scanner for corporate governance?

PTC India Financial Services (PFS) has been taking heat for lapses in corporate governance and compliance after three of its independent directors quit last week. The Securities and Exchange Board ... Read more »

An entrepreneur shares tips on investing in NFTs for beginners

An NFT is a special type of cryptographic token which represents something unique (Image Source: Shutterstock) Non-fungible tokens – NFTs – are becoming ubiquitous even as many people may still ... Read more »

Philips expects sales to recover from supply chain woes after the summer

Dutch health technology company Philips said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortages of ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic