initial public offer (IPO) of Star Health and Allied Insurance Company Limited was subscribed 20% till the second day of subscription on Wednesday.
The three-day share sale opened for subscription on Tuesday and will conclude today. The price band has been set at ₹870-900 per share for its initial public offering (IPO).
As of day 2 of the bidding, the category for Retail Individual Investors (RIIs) received 89% subscription, non-institutional investors 0.02 times, and QIBs 0.07 times, BSE data showed.
Star Health's IPO comprises fresh issue of equity shares worth ₹2,000 crore and an offer for sale of up to 58,324,225 equity shares by promoters and existing shareholders.