Niva Bupa Health Insurance IPO Allotment: Decoding the Finalisation Date
The highly anticipated initial public offering (IPO) of Niva Bupa Health Insurance Ltd has concluded with a decent subscription, leaving investors eagerly waiting to know their allotment status. The bidding period for the IPO, which spanned from November 7 to 11, is now over, and the company is expected to finalise its basis of share allotment on November 13.
As per sources, the Niva Bupa Health Insurance IPO allotment date has been tipped for November 13, with the company set to credit the shares into the demat accounts of eligible investors on the same day. Unsuccessful bidders are also expected to receive refunds on November 13.
In a bid to keep track of these developments, investors can check their Niva Bupa Health Insurance IPO allotment status online through the websites of BSE and NSE or via the official portal of IPO registrar Kfin Technologies. To do so, they must follow a few simple steps: visit the BSE website, select 'Equity' in the Issue Type, choose 'Niva Bupa Health Insurance Limited', enter their Application No. or PAN, and verify by ticking on 'I am not robot'.
Alternatively, investors can also check their allotment status via Kfin Technologies' website by visiting the link provided and following the steps outlined. To do so, they must select 'Niva Bupa Health Insurance Limited' in the Select IPO dropdown menu, enter either Application No., Demat Account, or PAN as per their preference, and click on Submit after entering the Captcha code.
Grey Market Premium Dips to ₹0
Meanwhile, the equity shares of Niva Bupa Health Insurance are witnessing a muted trend in the unlisted market, with an estimated grey market premium (GMP) today of ₹0 per share. This indicates that shares are trading at par with their issue price without any premium or discount.
Given this GMP, Niva Bupa Health Insurance's estimated listing price is ₹74 apiece, which is equal to the IPO price of ₹74 per share.
IPO Details
The bidding for Niva Bupa Health Insurance IPO began on November 7 and concluded on November 11. The IPO allotment date was expected to be today, with the company finalising its basis of share allotment on November 13. The company raised an estimated ₹2,200 crore from the book-built issue at an upper-end of the price band and plans to list its shares on BSE and NSE.
For more information on the subscription patterns for each segment, including retail, Non-Institutional Investors (NIIs), and Qualified Institutional Buyers (QIBs), we recommend checking the latest reports available from reliable market sources.