Niva Bupa Health Insurance IPO Allotment Today: Subscription Results and GMP Trends
The basis for allotment of Niva Bupa Health Insurance IPO shares is set to be finalized today, November 12, 2024. The company’s Rs 2,200 crore public offering, which was available at a price range of Rs 70-74, closed for subscription on November 11, 2024. The IPO saw a relatively tepid response from investors, with bids placed for 31.13 crore shares, compared to 17.28 crore shares offered. This resulted in an oversubscription of 1.8 times, according to data from the National Stock Exchange (NSE).
Final Subscription Details:
- Retail Individual Investors (RIIs) led the bidding with a subscription rate of 2.73 times.
- Qualified Institutional Buyers (QIBs) subscribed at a rate of 2.06 times.
- Non-Institutional Investors (NIIs) had a lower subscription rate of 0.68 times by the last day.
Checking IPO Allotment Status:
Investors can check their allotment status on the official BSE website or through Kfin Technologies, the IPO registrar. To check directly, use these links:
- BSE IPO Allotment Status: Click Here
Grey Market Update:
Ahead of its stock market debut, Niva Bupa shares were trading flat in the grey market, signaling a muted listing for the IPO.
