Niva Bupa Health Insurance IPO Hits 0.76x Subscription on Day 3 as of 12:22PM

Niva Bupa IPO, one of the upcoming IPO in India, opened for subscription on November 7, 2024, and will close today, 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 November 14, 2024. 

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

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

As of 9:32 AM on November 11, 2024, Niva Bupa IPO GMP today stands at ₹0.

The company intends to utilise 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, Niva Bupa IPO subscribed 0.69 times. The retail category was subscribed 0.76x, QIB was subscribed 0.83x, and the NII category was 0.35x.
• On Day 2, November 8, 2024, Niva Bupa IPO subscribed 1.24 times. The retail category was subscribed 1.43x, QIB was subscribed 1.59x, and the NII category was 0.42x.
• On Day 3, November 11, 2024, as of 12:22 PM, Niva Bupa IPO subscribed 0.76 times. The retail category was subscribed 0.64x, QIB was subscribed 1.13x, and the NII category was 0.07x.

About Niva Bupa Health Insurance Company Ltd

Niva Bupa Health Insurance Company works with the purpose of providing every Indian with the confidence to access the best healthcare. The company plans to achieve its purpose through their health insurance products and services that help 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.