Star Health and Allied Insurance Company has filed preliminary paperwork with the Securities and Exchange Board of India (Sebi) to acquire funds through an initial public offering (IPO). According to the draught red herring prospectus, the initial public offering (IPO) will include a fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of up to 60,104,677 equity shares by promoters and current shareholders (DRHP).
Promoter and promoter group Safecrop Investments India LLP, Konark Trust, MMPL Trust, and existing investors Apis Growth 6 Ltd, Mio IV Star, University of Notre Dame Du Lac, Mio Star, ROC Capital Pty Ltd, Venkatasamy Jagannathan, Sai Satish, and Berjis Minoo Desai are among those offering shares through the offer for sale.
A reservation is included in the public offer for eligible employees.
