Star Health and Allied Insurance Unlisted Shares
Star Health and Allied Insurance Co Ltd commenced its operations in 2006 with the business interests in Health Insurance, Overseas Mediclaim Policy, and Personal Accident. With no other insurance category to focus and divide the attention, they use their resources to focus on service excellence, design products and use core competency of innovation to deliver the best to our customers.
At Star Health Insurance, the company offers a wide range of health insurance products at affordable prices to make health insurance every human being’s right. And as a company, single-mindedly dedicated to health insurance.
The company is mainly into retail health, which constitutes 92 percent of the business, while corporate business accounts for 8 percent of sales.
Key Highlights
1. India’s First Stand-Alone Health Insurance Company.
2. Pan India Presence With More Than 440+ Branch Offices.
3. Cashless Hospitalization And Reimbursement Facility In Our Large Network Base With More Than 8800+ Hospitals Across India.
4. Hassle-free and customer-friendly direct claim settlement without the intervention of TPA.
5. W.H.O Award Of Excellence 2017 from the former Honorable President of India Shri Pranab Mukherjee.
6. Best Health Insurance Provider Of The Year – Business Today, Money Today Financial Awards 2016-2017.
7. Awarded As The ‘Claims Service Company Of The Year, 2014’, Beating 28 General Insurance Companies At The Indian Insurance Award.
8. Rated Best Claim Settlement Insurer – Hindustan MaRs Survey.
9. Wide Range Of Health Insurance Products From Family Floater Schemes To Senior Citizen Health Coverage.
10. Personalized Doctor Visit For All Customers Getting Hospitalised.
Star Health and Allied Insurance Unlisted Shares Details:
| Total Available Shares: | 1500 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE697S01017 |
| Lot Size: | 100 Shares |
| Current Unlisted Share Price: | ₹ 155 Per Equity Share |
| Retail Discount: | Bulk Deal (1%) |
Promoters And Management:
Financials of Star Health and Allied Insurance Unlisted Shares:
| Particulars | 2018-19(Cr) | 2017-18(Cr) | 2016-17(Cr) |
| Gross Domestic Premium | 5401 | 4161 | 2960 |
| Net Premium | 4128 | 3196 | 2283 |
| Operating Expense | 997 | 861 | 625 |
| Net Profit | 183 | 170 | 117 |
| EPS | 3.75 | 3.73 | 2.77 |
| Equity | 480.10651 | 455.5761 | 455.5761 |
| FV | 10 | 10 | 10 |
| No. of Outstanding Shares | 48.01 | 45.55761 | 45.55761 |
| Book Value | 31 | 22 | 22 |
I am in interest. Are the shares available
During the year 2018-19, the existing Promoters, Investors and shareholders of the Company have entered into a Share Purchase Agreement dated 01st February 2019 with the Westbridge AIF I (investing through a SPV- Safecrop Investments India LLP), Mr. Rakesh Jhunjhunwala, MIO Star, MIO IV Star, Madison India Opportunities Trust Fund (Madison), US Entities (New Buyers) for sale of shares at a price of Rs. 142.43/- per share.
This would result in a change in ownership of the Company and the promoters would be Safecrop Investments India LLP, Westbridge AIF I, Mr. Rakesh Jhunjhunwala and Mrs.Rekha Jhunjhunwala.
As per the report published in Economic Times on May 30, 2019
(i) Safecrop Holdings, a consortium of WestBridge Capital, Madison Capital and investor Rakesh Jhunjhunwala, is set to gain control of Star Health & Allied Insurance Co in what’s pegged as the sector’s largest M&A transaction in India. “The consortium of investors will acquire a controlling stake under the proposed deal for a total equity valuation of Rs 6,500 crore,” said V Jagannathan, chairman and managing director of the private health insurer.
(ii) The transaction will include a timeline for this, said people with knowledge of the matter. Star Health had a health insurance market share of 10.6% at the end of March 2018. The existing investors include promoter Star Health Investments, ICICI Venture, Tata Capital, and Oman Insurance Company among others. Jagannathan and some of his colleagues along with other individuals are also shareholders.
(iii) WestBridge, Jhunjhunwala, and Kotak didn’t respond to queries. The consortium had invested Rs 350 crore in the company in December 2018, Jagannathan said
(iv) The company had Rs 5,400 crore of new business with a profit of Rs 275 crore this year. New business registered a growth of about 30% growth, compared with Rs 4,161crore in the previous year.
Yes iam interested 1 Lott of Star Health and Allied Insurance Unlisted Shares
At present shares are not available. As and when inventory will come our team will contact you.
Hi. I’m interested in buying star health insurance shares. Is the shares available for purchase
Not yet.