- By Aditya Pratap Singh
- Mon, 11 Nov 2024 05:12 PM (IST)
- Source:JND
Niva Bupa IPO Subscription Status: The Rs 2,200 crore initial public offering of health insurance provider 'Niva Bupa' has got 1.80 times or 180% subscription on the third day of subscription till 4:45 pm, according to NSE. The health insurance provider had set a price range of Rs 70-74 per share.
The IPO did not get a lot of interest from the investors and it has only fully subscribed on the very last day of bidding i.e. November 11. Meanwhile, the grey market premium of the Niva Bupa turned flat, suggesting a muted debut of the shares on stock exchanges.
Niva Bupa IPO Subscription status
Till 4:45 pm on the third and last day of subscription, 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 till the above-mentioned time.
Retail Section Subscription Rate - 2.71 times or 271%
Non-Institutional Investors Quota Subscription Status- 0.67 times or 67%
Qualified Institutional Buyers Category (QIB) - 2.06 times
(The data is taken from NSE till 4:45 PM)
Niva Bupa IPO GMP
Niva Bupa IPO Grey Market Premium is nil. According to investorgain.com, Niva Bupa shares are not trading with a single rupee premium in the grey market against the IPO's price band of Rs 74 per share. The Niva Bupa GMP suggests that the IPO may list flat and investors are not likely to gain on listing day.
Niva Bua IPO Details
Niva Bupa IPO Bidding Dates
The Niva Boopa IPO was open between November 7 and November 11. The IPO was opened on November 6 for anchor investors.
Niva Bupa IPO price band and issue size
The IPO price band was set at Rs 70-74 per share. The health insurance provider has raised Rs 2,200 crore through the initial share sale.
The IPO was a combination of fresh shares and an offer for sale
Niva Bupa's initial public offering was a combination of a fresh issue of equity shares worth Rs 800 crore and an offer for sale of up to Rs 1,400 crore by existing investors. Earlier, the company had sought to raise Rs 3,000 crore but later reduced the issue size.
