These are the top 10 stocks in ‘Big Bull’ Rakesh Jhunjhunwala’s portfolio in terms of holding value.
Stare Health shares fell as much as 8 per cent below its IPO price of Rs 900, but very soon, it surged nearly 4 per cent higher to Rs 932. The company's market cap stood at Rs 48,850.32 crore on the BSE.
The initial public offering (IPO) comprises a fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of up to 58,324,225 equity shares by promoters and existing shareholders.
Jhunjhunwala had investments in more than three dozen companies, the most valuable being watch and jewelry maker Titan, part of the Tata group
Star Health Insurance IPO is open for subscription till December 2 and plans to raise Rs 7,249 crore. To apply for one lot, you need to pay Rs 14,400 at the higher price band of Rs 900.
So far in 2021, as many as 51 companies have launched their IPOs to raise over Rs 1 lakh crore from the market, according to the analysis of data with exchanges.
In an interview to Moneycontrol, ace investor Rakesh Jhunjhunwala said that the health insurance industry is in its nascent stages and could grow 15-20 per cent in the next 15 years.
The public offer includes a reservation of shares worth Rs 100 crore for employees. At the upper end of the price band, the initial share-sale is expected to fetch Rs 7,249.18 crore.
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