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Star Health IPO subscribed 22% so far on Day 3

By 10:48 am, the Star Health IPO received bids for 99.6 lakh shares as against the 4.5 crore shares on offer.

At the end of the second day of bidding, Star Health and Allied Insurance Company's IPO received bids for 89.7 lakh shares as against the total 4.5 crore shares on offer, a subscription of 20 percent. The category for retail investors was subscribed 89 percent and that for qualified institutional buyers (QIBs) seven percent. The portion reserved for non-institutional investors portion was booked two percent.

Out of the Star Health issue, a portion of 75 percent is reserved for qualified institutional buyers (QIBs), 15 percent for non-institutional investors and 10 percent for retail investors. The public offer includes a reservation of shares worth Rs 100 crore for employees.