Niva Bupa IPO, one of the upcoming IPO in India, opened for subscription on November 7, 2024, and will close on November 11, 2024.
The share allotment is likely to be finalised on Tuesday, November 12, 2024. The tentative listing date of Niva Bupa Health Insurance IPO is November 14, 2024.
Niva Bupa Health Insurance IPO is a book-built issue of ₹2,200.00 crore. The issue contains 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 is 200 shares. Retail investors are required to make a minimum investment of ₹14,800
As of 10:25 AM on November 8, 2024, Niva Bupa IPO GMP today stands at ₹0.
The company plans to use the net proceeds for the augmentation of its capital base to strengthen solvency levels and for general corporate purposes.
Niva Bupa Health Insurance Company works with a purpose: “give every Indian the confidence to access the best healthcare”. The company intends to achieve its purpose via their health insurance products and services that help its customers to navigate their healthcare journey, by providing 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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