Niva Bupa Health Insurance IPO booked 1.8 times on day 3: Here’s how to check allotment status

Niva Bupa Health Insurance IPO allotment status is expected to be finalised on November 12 after the mainboard issue closed for bidding.

The ₹2,200-crore book-building issue was subscribed 1.8 times on the last of subscription on Monday, November 11. Investors across categories submitted bids for over 31.13 crore shares against 17.28 crore on offer.

The IPO was open for subscription from November 7 to November 11. Investors who participated in the bidding can check the Niva Bupa Health Insurance IPO share allotment status online.

Niva Bupa IPO share allotment status can be checked on the official website of the registrar Kfin Technologies Limited. The IPO share allocation details can also be checked on the BSE and NSE websites.

Steps to check Niva Bupa IPO share allotment status on the registrar’s website:

• Go to the IPO allotment status page of the Kfin Technologies website using this link: https://ris.kfintech.com/ipostatus/
• Select any one server link to check the IPO allotment status
• Select 'Niva Bupa Health Insurance' from the drop-down menu of IPO names
• Type in your details, such as application number, PAN, DP/Client ID and Account number/IFSC
• Click on the 'Submit' button
• The allotment status of your application will be shown on screen

Here’s how to check Niva Bupa Health Insurance IPO share allotment status on NSE:

• Go to the NSE IPO allotment status page using this link: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Type in your credentials (username and password) to log in to the NSE website. First-time users need to register to check the share allotment status.
• Choose ‘Niva Bupa Health Insurance Limited’ from the drop-down menu
• Enter your PAN details
• Enter the IPO application Number
• Click on the ‘I am not a Robot’ checkbox
• Click the ‘Submit’ button

Alternatively, investors can also check Niva Bupa IPO share allotment status on the BSE website by using PAN details and IPO application number.

Niva Bupa IPO subscription details

The retail portion of the IPO was subscribed 2.73 times as investors placed bids for over 8.56 crore shares against 3.14 crore shares set aside for the category. The Non-Institutional Investors (NIIs) placed bids for over 3.18 crore shares compared to 4.71 crore shares set aside for the category, leading to a subscription of 68%.

The Qualified Institutional Buyers (QIBs) booked their quota 2.06 times. The QIBs applied for more than 19.38 crore shares against 9.42 crore shares reserved for them.

Niva Bupa IPO listing date

Subsequent to finalising the share allotment status, the company will initiate refunds for the unsuccessful bidders on Wednesday, November 13. Successful bidders will also receive shares of Niva Bupa Health Insurance Company Limited in their demat accounts on Wednesday.

Shares of Niva Bupa Health Insurance Company Limited will be listed on the NSE and BSE. The health insurance provider’s shares will be tentatively listed on the stock exchanges on Thursday, November 14.

Niva Bupa Health Insurance IPO Details

Niva Bupa Health Insurance IPO comprised a fresh issue of 10.81 crore shares, amounting to ₹800 crore, along with an offer-for-sale (OFS) of 18.92 crore shares, aggregating to ₹1,400 crore.

The IPO price band was set at ₹70 to ₹74 per share. The minimum application size for retail investors was 1 lot, or 200 shares, aggregating to an investment of ₹14,800.

About Niva Bupa Health Insurance Limited

Niva Bupa Health Insurance Limited was incorporated in 2008. It is a joint venture between the Bupa Group and Fettle Tone LLP, which provides health insurance. As of March 31, 2024, the company was present in 22 states and four Union Territories in India.