Market News
2 min read | Updated on November 13, 2024, 07:20 IST
SUMMARY
Niva Bupa IPO allotment status: Once it is finalised, the share allotment status for the Niva Bupa IPO will be available on the websites of the BSE, NSE, and the registrar, KFin Technologies.
The equity shares of Niva Bupa are proposed to be listed on the BSE and NSE.
Niva Bupa IPO allotment: Niva Bupa Health Insurance Company Ltd's share allotment status will likely be finalised on Wednesday, November 13. Investors who applied for the initial share sale can check the status online on KFin Technologies Ltd, NSE and BSE websites.
The retail investors' portion fetched 2.73 times the subscription, while the qualified institutional buyers (QIBs) quota attracted 2.06 times the subscription. The non-institutional investors category got subscribed 68%.
Niva Bupa IPO allotment status can also be checked on the BSE website.
Shares of Niva Bupa Health Insurance Company, formerly Max Bupa Health Insurance Company, will be listed on the NSE and the BSE on Thursday, November 14.
The ₹2,200-crore IPO, with a price band of ₹70-₹74 per share, consisted of new equity shares worth ₹800 crore and an offer for sale (OFS) of ₹1,400 crore by promoters.
The fresh issue proceeds will be used to strengthen the solvency level and serve general corporate purposes.
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