According to a filing, retail investors bid for 110 per cent of the shares reserved for them, while the QIB portion was subscribed 103 per cent.
The initial public offering by Star Health and Allied Insurance Company Ltd was subscribed 79.3%, with bids received for 3.56 crore equity shares against 4.49 crore shares on offer, as per exchange data. Offer closed on Thursday.
According to a filing, retail investors bid for 110% (₹784 crore) of the shares reserved for them, while the QIB stake got subscribed 103% (₹2,204 crore). The bid was set at 19% for non-institutional investors and 10% for employees. A company official said full membership for the QIB portion indicates a “strong response” from large investors.
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