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Niva Bupa Health Insurance IPO Sees 0.97x Subscription on Day 1 as of 11:19 AM

07 November 20243 mins read by Angel One
Niva Bupa Health Insurance IPO opened on November 7, 2024. As of 11:19 AM, it was subscribed 0.07x, with the retail category at 0.34x. The price band of the IPO was set at ₹70 to ₹74 per share.
Niva Bupa Health Insurance IPO Sees 0.97x Subscription on Day 1 as of 11:19 AM
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Niva Bupa Health Insurance IPO, one of the upcoming IPO in India, opened for subscription today, November 7, 2024, and will close on November 11, 2024. 

The share allotment is expected to be finalised on Tuesday, November 12, 2024. The tentative listing date of Niva Bupa Health Insurance IPO is on Thursday, November 14, 2024.

This is a book-built issue of ₹2,200.00 crore. The issue comprises fresh issue of 10.81 crore shares aggregating to ₹800.00 crore and an offer for sale of 18.92 crore shares of ₹1,400.00 crore.

The IPO price band is set between ₹70 to ₹74 per share. The minimum application lot size of 200 shares. Retail investors need to make a minimum investment of ₹14,800.

As of 9:59 AM on November 7, 2024, Niva Bupa IPO GMP today stands at ₹0.

The company intends to use the net proceeds for the augmentation of its capital base to strengthen solvency levels and for general corporate purposes. 

Niva Bupa IPO Subscription Status

On Day 1, November 7, 2024, as of 11:19 AM, Niva Bupa IPO subscribed 0.07 times. The retail category was subscribed 0.34x, QIB was subscribed 0.00x, and the NII category was 0.02x.

About Niva Bupa Health Insurance Company Ltd

Niva Bupa Health Insurance Company works with a purpose: “give every Indian the confidence to access the best healthcare”. The company aims to achieve their purpose through its health insurance products and services that enable its customers to navigate their healthcare journey, by offering them access to a holistic health ecosystem. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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