100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4441.26 Crs.  Total funds raised in 2,025.00

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

Star Health and Allied Insurance Company Limited IPO Analysis

Star Health and Allied Insurance Company IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 7249.18 Cr. The company is based in Chennai and caters to Insurance sector. Ambit , Axis Capital , Bofa Securities India , Citigroup Global Markets India , Dam Capital Advisors (Formerly Idfc Securities ) , ICICI Securities , IIFL Securities , Jefferies India , Kotak Mahindra Capital Company , SBI Capital Markets are the merchant bankers of Star Health and Allied Insurance Company IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 21st July 2021.

Star Health and Allied Insurance Company IPO posted revenues of ₹ -989.36 crores and PAT of ₹ -760.54 crores in FY22 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ -989.36 Cr.
            EBITDA: ₹ -963.02 Cr.
            PAT: ₹ -760.54 Cr.
  • EBITDA Margin: 97.34 %
            Pat Margin: 76.87 %
  • Net Worth: ₹ 4318.46 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Star Health IPO Financial Performance (Restated)

Financial results of Star Health and Allied Insurance Company IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Sep-21 FY20 FY19 FY19
Balance Sheet
Assets 4974.94 4466.57 1896.77 1642.64
Net Worth 4318.46 4223.87 1643.68 1042.64
Total Debt 650.00 250.00 250.00 250.00
Profit & Loss
Revenue
Revenue on annualised basis
-494.68
-989.36
-907.78 461.96 226.25
EBITDA
EBITDA on annualised basis
-481.51
-963.02
-974.62 468.47 235.94
PAT
PAT on annualised basis
-380.27
-760.54
-825.58 268.00 128.23
Financials
30-Sep-21
FY20
FY19
FY19
Balance Sheet
Assets
4974.94
4466.57
1896.77
1642.64

Net Worth
4318.46
4223.87
1643.68
1042.64

Total Debt
650.00
250.00
250.00
250.00

Profit & Loss
Revenue
Revenue on annualised basis
-494.68
-989.36
-907.78
461.96
226.25

EBITDA
EBITDA on annualised basis
-481.51
-963.02
-974.62
468.47
235.94

PAT
PAT on annualised basis
-380.27
-760.54
-825.58
268.00
128.23

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Star Health IPO Key performance Indicators (KPI)

Star Health and Allied Insurance Company IPO PAT Margin is 76.87 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Star Health and Allied Insurance Company IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Sep-21 FY20 FY19 FY19
EBITDA Margin (%) 97.34 107.36 101.41 104.28
PAT Margin (%) 76.87 90.94 58.01 56.68
EPS (₹) -6.93 -16.54 5.59 2.81
ROE (%) -8.81 -19.55 16.30 12.30
ROCE (%) [●] [●] [●] [●]
ROA (%) -7.64 -18.48 14.13 7.81
Debt to Equity 0.15 0.06 0.15 0.24
Particulars
30-Sep-21
FY20
FY19
FY19

EBITDA Margin (%)
97.34
107.36
101.41
104.28

PAT Margin (%)
76.87
90.94
58.01
56.68

EPS (₹)
-6.93
-16.54
5.59
2.81

ROE (%)
-8.81
-19.55
16.30
12.30

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
-7.64
-18.48
14.13
7.81

Debt to Equity (x)  
0.15
0.06
0.15
0.24

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Star Health and Allied Insurance Company IPO Valuation Metrics

The market Capitalisation of Star Health and Allied Insurance Company IPO is ₹ 0.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
0.00

P/B (times) :
[●]

NAV (₹) :
57.83

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Star Health prospectus?

The Star Health and Allied Insurance Company IPO prospectus highlights an Return on Equity (ROE) of -8.81 % , Return on Assets (ROA) of -7.64 %, and an EBITDA Margin of 97.34 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Star Health IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Star Health and Allied Insurance Company IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Star Health IPO ?

The post-IPO market capitalisation of Star Health and Allied Insurance Company IPO is ₹ 0.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Star Health IPO?

The Star Health and Allied Insurance Company IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Star Health and Allied Insurance Company IPO?

Star Health and Allied Insurance Company IPO reported revenue of ₹ -989.36 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Star Health and Allied Insurance Company IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Star Health and Allied Insurance Company IPO?

Star Health and Allied Insurance Company recorded an EBITDA of ₹ -963.02 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Star Health and Allied Insurance Company IPO?

Star Health and Allied Insurance Company Profit After Tax (PAT) is ₹ -760.54 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ -989.36 Cr.
            EBITDA: ₹ -963.02 Cr.
            PAT: ₹ -760.54 Cr.
  • EBITDA Margin: 97.34 %
            Pat Margin: 76.87 %
  • Net Worth: ₹ 4318.46 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Star Health and Allied Insurance Company operates in Insurance and Health Insurance Companies. The Issue is listed on BSE,NSE in Dec, 2021. Star Health and Allied Insurance Company IPO size was 7249.18 with Issue price of 900.00 .

Merchant Banker(s) of Star Health and Allied Insurance Company IPO: Ambit Private Limited , Axis Capital Limited , Bofa Securities India Limited , Citigroup Global Markets India Private Limited , Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , ICICI Securities Limited , IIFL Securities Limited , Jefferies India Private Limited , Kotak Mahindra Capital Company Limited , SBI Capital Markets Limited

Star Health and Allied Insurance Company IPO subscription was 0.79 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Star Health and Allied Insurance Company IPO listed at a listing price of 906.85 against the offer price of 900.00.

The current market price of Star Health and Allied Insurance Company is 418.90.

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