The allotment of shares for the initial public offering (IPO) of Niva Bupa Health Insurance Company Limited will be completed on Tuesday after the IPO received moderate interest from investors until it was floated for bidding.

Niva Bupa Health Insurance was offered to the public 1.90 times as of November 11, 2024. While the retail segment saw the highest interest in certain categories with a subscription rate of 2.88 times, qualified institutional buyers (QIB) subscribed 2.17 times and non-institutional investors (NII) subscribed 0.71 times. times.

Delhi-based Niva Bupa Health Insurance has offered its shares at a price range of Rs 70-74 per share. Investors must apply for at least 200 lots of shares. The IPO aims to raise Rs 2,200 billion, including Rs 800 billion through a fresh issue and Rs 1,400 billion through offer for sale (OFS).

Investors bidding for the IPO of Niva Bupa Health Insurance can check their allocation status online. They can log on to the BSE website or the website of Kfin Technologies Limited, which is the registrar of the issue.

HOW TO CHECK ALLOCATION STATUS

If you have applied for the Hyundai IPO, you can check your allotment status online in a few simple steps:

Via BSE’s website:

Visit BSE allotment status page: Click here

Select equity as the type of problem.

To choose Niva Bupa Health Insurance Ltd. from the drop-down list.

enter application number And PAN card detail.

Fill out the CAPTCHA and click To send.

Via KFin Technologies website:

Visit KFin Technologies’ allocation status portal: Click here

Select Niva Bupa Health Insurance Ltd. from the drop-down menu.

Choose how you want to check the allocation (via Application Number, Demat Account or PAN).

Enter the relevant details and security CAPTCHA.

click To send to view your allocation status.

Founded in 2008, Niva Bupa Health Insurance is a joint venture between Bupa Group and Fettle Tone LLP focusing on the health insurance sector. The company provides a broad healthcare ecosystem that provides access to health-related services through the Niva Bupa Health mobile application and website.

LATEST GMP OF NIVA BUPA HEALTH INSURANCE

The gray market premium (GMP) of Niva Bupa Health Insurance shares stood at Rs 0 as on November 12, 2024, 08:55.

ICICI Securities, Morgan Stanley India, Kotak Mahindra Capital, Axis Capital, HDFC Bank and Motilal Oswal Investment Advisors are leading the IPO as bookrunners. Kfin Technologies is acting as the registrar for the IPO.

The shares are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Thursday, November 14.