₹845 per share on the NSE, a 6% discount to its IPO issue price of ₹900 apiece. However, the stock recovered in minutes after listing as it surged nearly 4% higher to ₹932 at around 10:15 am. “Star Health Insurance IPO got a poor response because of expensive valuations, therefore, we are seeing a poor listing.
The long-term outlook for the industry and Star health insurance is promising therefore we can expect buying interest at lower levels but it is difficult to say the exact level.
Those who applied for this IPO should hold it for the long term while those who are looking for a fresh entry should give some time to know at what level it manages to attract demand," said Santosh Meena, Head of Research, Swastika Investmart Ltd.