Niva Bupa IPO hits complete subscription

8 Nov 2024 , 03:34 PM

When Niva Bupa Health Insurance launched for subscriptions on Thursday, November 7, 2024, investors responded favourably to the health insurance services provider’s IPO. According to the most recent data from the Bombay Stock Exchange (BSE), as of 15:25 PM on Friday, November 8, 2024, the public offering had a subscription of 1.01 times, with bids for 17430,70,400 shares against 17,28,57,143 offered.

Retail Individual Investors (RIIs) have made the largest bids in the Niva Bupa IPO, fully subscribing to the quota set aside for their category. Next in line are Non-Institutional Investors (NIIs), who subscribed 0.38 times, and Qualified Institutional Buyers (QIBs), who did so 1.24 times.

The Niva Bupa IPO has a lot size of 200 shares and is priced between Rs 70 and Rs 74 per share. A minimum of 200 shares, as well as multiples of that number, are up for bid.

On Monday, November 11, 2024, the three-day subscription period for Niva Bupa’s public offering will end. On Tuesday, November 12, 2024, the basis of allotment for Niva Bupa IPO shares is anticipated to be resolved. On Wednesday, November 13, 2024, the shares are anticipated to be credited to demat accounts.

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