₹2,000 crore, three people aware of the development said.Founded in 2006 as India’s first standalone health insurance provider, Star Health provides health, personal accident and overseas travel insurance.“They are planning to file the draft red herring prospectus by the end of the month, but it is likely that this may slip into the first or second week of June," said one of the three people cited above, all of whom spoke on condition of anonymity.The initial public offering (IPO) is likely to be a mix of primary and secondary share sales by the company and the investors, he added. “Around 10-12 investment banks are working on this IPO including Kotak Mahindra Capital, Citibank, Credit Suisse and Bank of America," the second person said..