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Star Health slashes IPO size to Rs 6,400 cr after lukewarm response

Star Health's IPO failed to get fully subscribed last week, signalling weak investor demand for India's third-biggest listing this year.

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Star Health cuts IPO size after tepid subscription

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.

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Jhunjhunwala-backed Star Health IPO struggles to get subscribed

Till 2 pm today – the last day of bidding for the public issue – the offer was subscribed only 55 per cent.

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Rakesh Jhunjhunwala-backed Star Health IPO subscribed 79% on last day

The IPO received bids for 3,56,02,000 shares against 4,49,08,947 shares on offer, according to an update on the BSE.

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Star Health IPO: On Wednesday, the portion reserved for retail individual investors was subscribed by 0.89 times, while the portion reserved for non-institutional investors was subscribed 0.02 times.

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