• Source:JND
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Niva Bupa IPO Allotment Status:  The initial public offering of health insurance major Niva Bupa closed on Monday, getting a decent subscription at 1.80 times against the issue size. The share sale was not able to attract investors' attention much as it got fully subscribed on the very last day of bidding. Niva Bupa's Rs 2,200 crore IPO was open for subscription between November 7 to November 11. The health insurance provider had set a price band at Rs 70-74 per share for its share sale.

Now, as the subscription period is over, investors have their eye on the allotment of shares, which is likely to happen today. Investors, who have placed bids for the Niva Bupa Health Insurance IPO, can check the shares allotment status using the official websites of BSE or the registrar's Kfin Technologies.

How to check Niva Bupa IPO allotment status

- You need to visit the BSE website from the given link-https://www.bseindia.com/investors/appli_check.aspx

- From the 'Issus Type' you need to select 'Equity'

- Next, from the dropdown menu select ‘Niva Bupa Health Insurance Limited’ as the issue name.

- You need to enter either your application number or PAN

-Next, click on the ‘I am not a robot’ button for verification and then tap on the ‘Search’ button.

- In a few seconds, you will have the shares allotment status Niva Bupa Health Insurance IPO will be displayed on your screen.

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Steps to check Niva Bupa Health Insurance IPO Allotment Status from the Kfin Technologies website

- You need to visit Kfin tech's website with the given link -https://kosmic.kfintech.com/ipostatus/

- In the Next step, select ‘Niva Bupa Health Insurance Limited’ from the IPO's dropdown menu.

- You need to Select one from Demat Account, Application No, or PAN

- Now, you have to enter the detail that you have selected in the previous step

- Fill in the captcha code and then click on the Submit button

- In the next few seconds you will have your Niva Bupa IPO allotment status on your screen.

Niva Bupa IPO Subscription status

In three days of bidding, the Niva Bupa IPO was subscribed 1.80 times or 180% against the total issued shares. The IPO has received bids for 31,06,78,800 shares against 17,28,57,143 issued shares.

Bidding rate for Retail Section - 2.71 times or 271%
Bidding rate for Non-Institutional Investors Quota - 0.67 times or 67%
Bidding rate for Qualified Institutional Buyers Category (QIB) - 2.06 times

Niva Bupa IPO GMP

Niva Bupa IPO Grey Market Premium is zero. According to investorgain.com, shares of Niva Bupa are trading with zero premium in the grey market against the IPO's price band of Rs 74 per share. If the GMP's number holds, then Niva Bupa may list flat.

Niva Bupa IPO Listing Date- The shares of Niva Bupa Health Insurance are scheduled to be listed at stock exchanges on November 14.

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