 "S Prakash, Anand Roy")
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
