Shares of Star Health Insurance are going to be listed on NSE and BSE today. According to stock market experts, the public issue received a slow response due to higher price and the opening of Star Health share price on Dalal Street may disappoint the lucky allottees. Expecting Star Health share listing at around 5 to 10 per cent discount, market experts said today Star Health share price may start at around ₹810 to ₹850 per equity share on Dalal Street.
A disappointing event for lucky bidders to expect Star Health's share of the list; Abhay Doshi, Founder, UnlistedArena.com, said, “As it is raining IPOs in D-Street, mixed and selective subscriptions for various issues. Star Health Insurance got a very slow response at a time when other IPOs are getting heavily oversubscribed. The weak response was mostly on account of higher pricing, which cautioned investors, who could make their debut for a shortage-craving. Shares could be listed at a discount of 5-10 per cent, giving allottees It's frustrating."
Resonates with Abhay Doshi's thoughts; Abhay Agarwal, Founder, SEBI registered PMS Piper Serica said, “We expect the listing to be at a discount of around 10 per cent. At less than this, there will be buying from anchor investors who want to reduce their cost of acquisition. IPO applicants will get around 10 per cent discount. Full membership is out. Short-term traders looking for quick profits will be disappointed as we do not expect the stock to trade at a premium for the foreseeable future."
Sharing Star Health share listing range; Manoj Dalmiya, Founder & Director, Proficient Equities Ltd. said, “Star Health Insurance is suffering due to huge claims post COVID-19 pandemic. Rakesh Jhunjhunwala backed IPO may get listed on logging 10 from around ₹810 to ₹850 Percentage loss for Star Health shareholders through the allotment process."
Aayush Aggarwal, Senior Research Analyst - Merchant Banking, Swastika Investmart Ltd. said, “Star Health Insurance, the largest private sector health insurer, received poor response due to costly valuations, dent in profitability due to COVID-19 and fragile sentiments. Paytm The listing is expected to be on a bad note, however, the long-term outlook for the industry and Star Health Insurance is promising hence we can expect buying interest at lower levels."
Aparajita Saxena, Research Analyst at Trustline Securities, said, “Star Health is one of the largest private health insurance companies in India with a market share of 15.8 per cent in FY11 and has the largest distribution network, diverse product suite. , the company's financial position is indicated by poor FY 2011 and losses in H1 FY 2012. As per valuations, Star Health appears to be more valuable than its listed peers. Due to weak sentiments, there may be no listing gains And the listing will be at an issue price of Rs 900 on the stock exchange."
The gray market is also giving weak signals regarding Star Health's IPO listing. As per market observers, Star Health IPO Gray Market Premium (GMP) is today minus ₹60, which means informal market is expecting Star Health share listing at around ₹840 (₹900 - ₹60), which is the expected listing. is in line with. by stock market experts.