Niva Bupa Health Insurance Company Ltd. (formerly known as Max Bupa Health Insurance Company Limited) is a joint venture between the Bupa Group and Fettle Tone LLP. Bupa, a UK-based healthcare services expert, has seven decades of experience in the healthcare industry and serves a customer base of 50 million in over 190 countries. Fettle Tone LLP is an entity controlled and managed by True North, one of India’s largest domestic private equity funds.
Niva Bupa Health Insurance Company, an Book Built Issue amounting to ₹2,200.00 Crores, consisting an Fresh Issue of 1,081.08 Lakh Shares worth ₹800.00 Crores and an Offer for Sale of 1,891.89 Lakh Shares totalling to ₹14,00.00 Crores. The subscription period for the Niva Bupa Health Insurance Company IPO opens on November 07, 2024, and closes on November 11, 2024. The allotment is expected to be finalized on or about Tuesday, November 12, 2024, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Thursday, November 14, 2024.
The Share price band of Niva Bupa Health Insurance Company IPO is set at ₹70 to ₹74 per equity share. The Market Capitalisation of the Niva Bupa Health Insurance Company Limited at IPO price of ₹74 per equity share will be ₹13,519.99 Crores. The lot size of the IPO is 200 shares. Retail investors are required to invest a minimum of ₹14,800, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (2,800 shares), amounting to ₹2,07,200.
Morgan Stanley India Company Private Limited, ICICI Securities Limited, Axis Capital Limited, Kotak Mahindra Capital Company Limited, HDFC Bank Limited and Motilal Oswal Investment Advisors Limited are the book-running lead manager while KFin Technologies Limited is the registrar for the Issue.
Niva Bupa Health Insurance Company Limited IPO GMP Today
The Grey Market Premium of Niva Bupa Health Insurance Company Limited IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Niva Bupa Health Insurance Company Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 11 November 2024, the Niva Bupa Health Insurance Company IPO live subscription status shows that the IPO subscribed 1.80 times on its Final day of subscription period. Check the Niva Bupa Health Insurance Company IPO Live Subscription Status today at BSE.
Niva Bupa Health Insurance Company IPO Anchor Investors Report
Niva Bupa Health Insurance Company has raised ₹989.99 Crores from Anchor Investors at a price of ₹289 per shares in consultation of the Book Running Lead Managers. The company allocated 13,37,83,783 equity shares to the Anchor Investors. Check Full List of Niva Bupa Health Insurance Company Anchor Investor List.
Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.
Niva Bupa Health Insurance Company Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Niva Bupa Health Insurance Company IPO allotment date is 12 November, 2024, Tuesday. Niva Bupa Health Insurance Company IPO Allotment will be out on 12th November 2024 and will be live on Registrar Website from the allotment date. Check Niva Bupa Health Insurance Company IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Niva Bupa Health Insurance Company Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Niva Bupa Health Insurance Company Limited IPO
Niva Bupa Health Insurance Company Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. Augmentation of capital base to maintain and strengthen solvency levels
2. General corporate purposes
Refer to Niva Bupa Health Insurance Company Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
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