Star Health and Allied Insurance Company lists with 6% discount on the BSE
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Star Health and Allied Insurance Company has debuted at Rs 848.80 on the BSE, down by 51.2 points or 5.69% from its issue price of Rs 900.
The scrip is currently trading at Rs 885.05, down by 14.95 points or 1.66% from its issue price. It has touched a high and low of Rs 899.00 and Rs 827.50 respectively. So far 1.32 lakh shares were traded on the counter.
The offering, which was open for subscription between November 30, 2021 and December 2, 2021, was subscribed only 79% in the three-day bidding process. The issue price was fixed at Rs 900 per share i.e. at upper end of price band of Rs 870-900 apiece.
The company is providing sterling services in health, personal accident and overseas travel insurance etc.
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