Niva Bupa IPO GMP Today: Niva Bupa Health Insurance IPO has launched for the subscription last week. The five-day subscription window is open between November 07, 2024 to November 11, 2024. The insurance company is raising about Rs 2,200 crore from the primary market.
So far, Niva Bupa Health Insurance IPO has witnessed a weak demand from investors. Till now, the IPO has received bids for a total of 20,26,82,400 shares against the offered 17,28,57,143 shares, translating in an overall subscription of 1.17 times.
In the retail sector, it has received bids for a total of 14,17,65,000 shares against offered 9,42,85,715 shares, marking over 1.50 times subscription.
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Niva Bupa IPO GMP
GMP (Grey Market Premium) of Niva Bupa IPO is currently at Rs 3 according to several websites tracking the grey market. GMP indicates how much premium an investor is willing to pay for the IPO over the cap price. It reflects a premium of 4.04 per cent as of now.
Niva Bupa IPO Price Band
Niva Bupa has set a price band of Rs 70-74 per share. Niva Bupa Health Insurance Company said that 75 per cent of the issue size has been reserved for qualified institutional buyers, 15 per cent for non-institutional buyers, and the remaining 10 per cent for retail investors. Niva Bupa Health Insurance Company’s lot size is 200 and the minimum order quantity is 2800.
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Niva Bupa IPO Allotment Date, Link
According to the details available, the Niva Bupa IPO allotment is likely to be finalized on November 12. The allotment status will be released online on the official website of the registrar — Kfin Technologies Limited. Besides, the allotment status will also be made available on the official websites of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Niva Bupa IPO Share Listing Date
The equity shares are proposed to be listed on the BSE and NSE on November 14, 2024.
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Niva Bupa IPO Book Running Lead Managers
ICICI Securities, Morgan Stanley India Company, Kotak Mahindra Capital Company, Axis Capital, HDFC Bank, and Motilal Oswal Investment Advisors are the book-running lead managers for the Niva Bupa IPO.
HDFC Bank and Axis Bank are the Sponsor banks for the Niva Bupa IPO.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
