New Delhi: The allotment date for the Niva Bupa Health Insurance IPO is expected to be finalized today, November 13, 2024. Following a successful subscription period, investors are keenly awaiting the results of their applications for this significant public offering.
IPO Subscription Overview
The Niva Bupa IPO was open for subscription from November 7 to November 11, 2024, and saw a decent response from investors. The public offering aimed to raise approximately ₹2,200 crore, with shares priced between ₹70 and ₹74. The final subscription figures indicate that the IPO was subscribed 1.8 times, with strong participation from retail investors who subscribed 2.73 times.
Subscription Breakdown
- Qualified Institutional Buyers (QIBs): 2.06 times
- Non-Institutional Investors (NIIs): 0.68 times
- Retail Individual Investors (RIIs): 2.73 times
How to Check Niva Bupa IPO Allotment Status
Investors can check their allotment status online through the following platforms:
Checking Status on BSE
- Visit the BSE allotment status page.
- Select ‘Equity’ under the Issue Type.
- Choose ‘Niva Bupa Health Insurance Limited’ from the dropdown menu.
- Enter your Application Number or PAN.
- Complete the CAPTCHA verification and click on ‘Search’.
Checking Status on Kfin Technologies
- Go to the Kfin Technologies allotment status portal.
- Select ‘Niva Bupa Health Insurance Limited’ from the dropdown.
- Choose how you wish to check (Application Number, Demat Account, or PAN).
- Enter the required details and CAPTCHA code.
- Click ‘Submit’ to view your allotment status.
Grey Market Premium (GMP) Insights
As of today, the grey market premium (GMP) for Niva Bupa shares stands at ₹0, indicating that the shares are trading at par with their issue price of ₹74. This suggests a muted expectation for the listing price when shares debut on the exchanges.
Upcoming Listing Date
The shares of Niva Bupa Health Insurance are set to be listed on both the BSE and NSE on November 14, 2024. Given the current GMP, it is anticipated that Niva Bupa shares may list around ₹74, reflecting a neutral market sentiment.
Conclusion
With the allotment date upon us, investors are encouraged to check their status promptly and prepare for the upcoming listing of Niva Bupa Health Insurance shares. As always, potential investors should remain informed about market trends and company performance post-listing.
Disclaimer: The views expressed in this article are for informational purposes only and do not constitute financial advice. Investors should consult with certified financial advisors before making any investment decisions.
