Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Company made a tepid market debut today. Shares of Star Health listed at a discount of over 6% to the issue price. The firm made its debut at Rs 845 per share (down 6.11 per cent) on the NSE against the IPO issue price of Rs 900.
The IPO of the country's largest private health insurance firm was not fully subscribed by the close of bidding on Thursday, signalling that demand for IPOs in India could be waning.