Rakesh Jhunjhunwala-Backed Star Health IPO Opens On November 30

Rakesh Jhunjhunwala-backed Star Health's preliminary public supply (IPO) will open for subscription on November 30, 2021.The three-day IPO will open on November 30 and conclude on December 2, 2021.The a lot in focus public supply consists of contemporary of fairness shares price Rs 2,000 crore and a proposal on the market (OFS) of as much as 58,324,225 fairness shares by promoters and current shareholders.Entities providing shares by way of the OFS route embrace the promoter and promoter group — Safecrop Investments India LLP, Konark Trust, MMPL Trust and current traders specifically Apis Growth 6 Limited, Mio IV Star, University of Notre Dame Du Lac, Mio Star, ROC (*30*) Pty Ltd, Venkatasamy Jagannathan, Sai Satish and Berjis Minoo Desai.Star Health has mounted a value band of Rs 870-900 a share and on the higher finish of the value band, the preliminary share sale is anticipated to fetch Rs 7,249.18 crore.Proceeds from the contemporary subject can be used for enhancing the corporate's capital base.Star Health, a personal medical insurance firm, is owned by a consortium of traders like Westbridge (*30*) and Rakesh Jhunjhunwala.