Niva Bupa Health Insurance IPO Allotment: The bidding period for the initial public offering (IPO) of Niva Bupa Health Insurance Ltd has ended with decent subscription. Applicants now watch out for Niva Bupa Health Insurance IPO allotment which is expected to be finalised today.
The public offer was open for subscription from November 7 to 11. Niva Bupa IPO allotment date is likely today, November 13, and the company is expected to finalise the basis of share allotment today.
After the Niva Bupa IPO allotment is fixed, the company will credit the shares into the demat accounts of eligible investors on November 13 and initiate refunds to unsuccessful bidders on the same day.
Investors can check Niva Bupa Health Insurance IPO allotment status online through the websites of BSE and NSE, and on the official portal of IPO registrar. Kfin Technologies is the Niva Bupa IPO registrar.
To do a Niva Bupa IPO allotment status online check, investors must follow a few simple steps mentioned below:
Step 1] Visit BSE website on this link - https://www.bseindia.com/investors/appli_check.aspx
Step 2] Select ‘Equity’ in the Issue Type
Step 3] Choose ‘Niva Bupa Health Insurance Limited’ in the Issue Name dropdown menu
Step 4] Enter either Application No. or PAN
Step 5] Verify by ticking on ‘I am not robot’ and click on ‘Search’
Your Niva Bupa Health Insurance IPO allotment status will be displayed on the screen.
Step 1] Visit IPO registrar’s website on this link - https://kosmic.kfintech.com/ipostatus/
Step 2] Choose ‘Niva Bupa Health Insurance Limited’ in the Select IPO dropdown menu
Step 3] Select either Application No, Demat Account, or PAN
Step 4] Enter the details as per the option selected
Step 5] Enter the Captcha code and click on Submit
Your Niva Bupa Health Insurance IPO allotment status will be displayed on the screen.
The equity shares of Niva Bupa Health Insurance are witnessing a muted trend in the unlisted market. According to stock market observers, Niva Bupa Health Insurance IPO GMP today, or grey market premium today, is ₹0 per share. This indicates that in the grey market, Niva Bupa Health Insurance shares are trading at par with their issue price, without any premium or discount.
Given the Niva Bupa Health Insurance IPO GMP today, the estimated listing price of Niva Bupa Health Insurance shares is ₹74 apiece, equal to the IPO price of ₹74 per share.
The bidding for Niva Bupa Health Insurance IPO began on Thursday, November 7, and ended on Monday, November 11. Niva Bupa Health Insurance IPO allotment date is likely today, November 12, and the IPO listing date is November 14. Niva Bupa Health Insurance shares will be listed on BSE and NSE.
The company raised ₹2,200 crore from the book-built issue at an upper-end of the IPO price band of ₹70 to ₹74 per share. Niva Bupa Health Insurance IPO was a combination of fresh issue of 10.81 crore equity shares worth ₹800 crore and offer for sale (OFS) of 18.92 crore shares amounting to ₹1,400 crore.
Niva Bupa Health Insurance IPO is subscribed 1.8 times in total. The retail portion of the public issue was booked 2.73 times, while the Non Institutional Investors (NII) segment was booked 0.68 times, and the Qualified Institutional Buyers (QIBs) segment was subscribed 2.06 times.
ICICI Securities, Morgan Stanley India Company Pvt Ltd, Kotak Mahindra Capital Company, Axis Capital, HDFC Bank and Motilal Oswal Investment Advisors are the book running lead managers of the Niva Bupa Health Insurance IPO, while Kfin Technologies is the IPO registrar.
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