Star Health and Allied Insurance Company on Wednesday said it has fixed a price band of Rs 870-900 a share for its Rs 7,249-crore initial public offering. Here are top 10 things to know about issue of Rakesh Jhunjhunwala-backed company:-
1-OPEN CLOSE DATES: The three-day initial public offering (IPO) will open on November 30 and to conclude on December 2.
2- BIDDING FOR ANCHORS: The bidding for anchor investors will open on November 29, the company announced.
3- SHARES: The IPO comprises fresh issue of equity shares worth Rs 2,000 crore and an offer-for-sale of up to 58,324,225 equity shares by promoters and existing shareholders.
4- OFS, Promoters: Those offering shares through the offer-for-sale are promoter and promoter group — Safecrop Investments India LLP, Konark Trust, MMPL Trust — and existing investors — Apis Growth
Ltd, Mio IV Star, University of Notre Dame Du Lac,…
