IPO subscription
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Business
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,…
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India News
Hyundai Motor India IPO Sees Sharp Decline in Grey Market Premium Amid Subdued Investor Interest
The grey market premium (GMP) for Hyundai Motor India’s unlisted shares has dropped sharply, falling to 0.87 per cent, indicating weak market sentiment surrounding the automaker’s Initial Public Offering (IPO). This is a notable decline from the Rs 147 or 7.5 per cent GMP recorded on October 9, when Hyundai Motor revealed its IPO price band, according to grey market…
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Business
KRN Heat Exchanger IPO Allotment Expected on September 30, Listing on October 3
The initial public offering (IPO) of KRN Heat Exchanger, a manufacturer of heat exchanger tubes, has garnered significant interest from retail and non-institutional investors. The IPO opened for subscription on Wednesday, September 25, with a goal to raise approximately ₹342 crore. Prior to the public offering, the company secured ₹100.10 crore from 10 anchor investors, allocating 45.5 lakh shares at…
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