S Prakash (left) and Anand Roy of India’s largest standalone health insurer Star Health — the Rs 7,250-crore IPO of which is opening on Tuesday
Star Health and Allied Insurance, India’s largest standalone health insurer, is looking to raise Rs 7,249 crore from its initial public offering and has set a price band of Rs 870-900. It will be the fourth non-life insurer and seventh insurer to list on the bourses. Before the IPO, Dr S Prakash and Anand Roy, managing directors of the insurer, spoke to Subrata Panda on the company’s performance, its business plans, and the health insurance market. Edited Excerpts:
This is going to be the third-biggest IPO of the year, after Paytm and Zomato. Post Paytm fiasco, are there some concerns?
S Prakash: We have a different business model, we are from a different industry, so it cannot be equated. Our
First Published: Nov 24 2021 | 6:03 PM IST