Explore Now Mumbai: Start Health and Allied Insurance Company has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering. The initial stake sale will consist of the issuance of fresh shares worth ₹2,000 crore and an offer for sale (OFS) of up to 6 crore shares by the promoters and existing shareholders of the company. Konark Trust, and MMPL Trust will offload their stakes. Billionaire investor Rakesh Jhunjhunwala, one of three promoters of the company, holds 7.68 crore shares or about 14% stake in the company. Jhunjhunwala's wife Rekha owns 1.78 crore shares or a 3.3% stake.