Star Health share price: Shares of Star Health and Allied Insurance Company debuted marginally weaker and got listed at a discount of over 6 per cent below their issue price in the stock exchanges today.
The scrip got listed at Rs 845.00 apiece on the National Stock Exchange (NSE), thereby registering a fall of 6.11 per cent from its offer price of Rs 900.00, while on the BSE, it opened at Rs 848.80, down 5.69 per cent from the issue price. However, the stock inched higher from its opening levels and within minutes touched a high of Rs 940.00 on BSE and NSE.
At 10:45 am, the scrip was trading at Rs 900.10 on the BSE, up 0.01 per cent from the issue price while on NSE it was at Rs 900.95. The market capitalisation was at Rs 51,802.75 crore, data from the BSE showed.
Over 82.10 lakh shares of Star Health and Allied Insurance Company were traded so far in the intraday trade on NSE while over 3.93 lakh shares exchanged hands on the BSE, data from the respective stock exchange showed.
Star Health is a leading private health insurer in the country, is owned by a consortium of investors like Westbridge Capital and Rakesh Jhunjhunwala.
The offer was undersubscribed during its offer period from November 30-December-2, 2021. It saw a 79 per cent subscription on the final day.