Niva Bupa Health Insurance IPO GMP, Price Band, Open Date, Allotment Status

Niva Bupa Health Insurance IPO GMP is Rs 22. The upper price band is decided at Rs 70 to Rs 74 per share. The grey market premium quotation has now started. GMP is an amount which shows how much premium an investor wants to pay for the upcoming IPO.

Niva Bupa Health Insurance IPO opens for subscription from November 7, 2024, and closes on November 11, 2024. It is a book-built issue of Rs 2,200 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 800 crores and OFS is of Rs 1400 crores.

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Niva Bupa Health Insurance IPO GMP

Niva Bupa Health Insurance IPO GMP quotation is Rs 22. You can check the latest GMP price online. If the subscription got oversubscribed then Niva Bupa Health Insurance IPO GMP might rise in the coming days. However, if this upcoming IPO remains undersubscribed then GMP might slip below Rs 20.

Niva Bupa Health Insurance IPO Price Band

Niva Bupa Health Insurance IPO price band is Rs 70 to Rs 74 per share. The minimum lot size set for the retail is 200 shares. The minimum lot for small Non-institutional investors is 14 lots consisting of 2800 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 13,600 shares.

The minimum investment required for retail category investors is Rs 14,800. However, for small NII, the minimum investment amount required is Rs 2,07,200 for big non-institutional investors, it is Rs 10,06,400.

Niva Bupa Health Insurance IPO Allotment Status

Niva Bupa Health Insurance IPO allotment status is to be finalised on Friday, November 12, 2024. The listing will be on the BSE, NSE platform on Wednesday, November 14, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

Niva Bupa Health Insurance IPO Listing Date 

Niva Bupa Health Insurance IPO: Listing Date , Lot Size, Price Band

Niva Bupa Health Insurance Limited: About the Company

Niva Bupa Health Insurance Limited incorporated in 2008, is a joint venture between the Bupa Group and Fettle Tone LLP. The company provides health insurance to individuals, families, employers and employees.

The company offers a holistic proposition by providing customers access to a comprehensive health ecosystem and service capabilities through its Niva Bupa Health mobile application and website. As of March 31 2024, the Niva Bupa had 14.73 million active lives insured.

The company is present across 22 states and four union territories in India. From FY 2022 to FY 2024, the overall GWP grew at a CAGR of 41.27%, while GWP from retail health increased by 33.41%.

Niva Bupa Health Insurance IPO Objectives 

Niva Bupa Health Insurance IPO objective is to raise funds from the general public. The net funds will be used for the Augmentation of its capital base to strengthen the solvency level. The remaining funds will be used for fulfilling the general corporate purposes.

Niva Bupa Health Insurance IPO: Key Dates, Allotment, Listing Date 

Niva Bupa Health Insurance IPO Subscription Details, IPO Reservation

Niva Bupa Health Insurance IPO subscription details will be available after the IPO opens on 7 November 2024. In the QIB category, 75% of the net offer is reserved. The remaining 10% is reserved for retail investors, and 15% is for Non Institutional investors.

Niva Bupa Health Insurance IPO Lot Size Details 

Niva Bupa Health Insurance, IPO lot size, is set at 200 shares per lot. For retail, the minimum lot size is 1 lot, amounting to Rs 14,800 and the maximum is 13 lots, amounting to Rs 1,92,400. For small HNI, the minimum lot size is 14, amounting to Rs 2,07,200 and the maximum is 67 lots, amounting to Rs 9,91,600. For the big HNI, the minimum is 68 lots.

Niva Bupa Health Insurance IPO Promoter Holdings

Niva Bupa Health Insurance IPO promoters are Bupa Singapore Holdings Pte. Limited and Bupa Investments Overseas Limited. The promoters shareholdings before the IPO were 62.27%; however, after the IPO, shareholdings will decline.

Niva Bupa Health Insurance Limited Company Financials (Amt in Crore)

Niva Bupa Health Insurance Limited posted revenue of Rs 4,118.63 crore and net profit of Rs 81.85 crore for the period ending on 31 March 2024. The company’s revenue increased by 44.05% and PAT increased by 552.73% between the FY ending on 31 March 2024 and 31 March 2023.

Niva Bupa Health Insurance IPO Registrar 

Niva Bupa Health Insurance IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on Kfin Technologies and select the name of the company and enter PAN number or application ID to know their allotment status.

Niva Bupa Health Insurance IPO Lead Managers

Niva Bupa Health Insurance IPO lead managers are ICICI Securities Limited, Morgan Stanley India Company Private Ltd, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Hdfc Bank Limited and Motilal Oswal Investment Advisors Limited.

How to apply to Niva Bupa Health Insurance IPO

Interested investors can apply to the Niva Bupa Health Insurance IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Niva Bupa Health Insurance IPO Review 

Niva Bupa Health Insurance IPO might get a positive response from the general public. The company is involved in the insurance sector and provides health insurance to individuals and families. Investors interested in the insurance sector may apply to this IPO for decent gains.

Niva Bupa Health Insurance IPO FAQ 

1. What are the details of the Niva Bupa Health Insurance IPO?

Niva Bupa Health Insurance IPO is a book-built issue of Rs 2,200 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 800 crores and OFS is of Rs 1400 crores.

2. When will the Niva Bupa Health Insurance IPO open and close?

Niva Bupa Health Insurance IPO opens for subscription from November 7, 2024, and closes on November 11, 2024. Niva Bupa Health Insurance IPO allotment date is to be finalised on Tuesday, November 12, 2024.

3. What is Niva Bupa Health Insurance IPO GMP?

Niva Bupa Health Insurance IPO GMP quotation is Rs 22. You can check the latest GMP price online. If the subscription got oversubscribed then Niva Bupa Health Insurance IPO GMP might rise in the coming days. However, if this upcoming IPO remains undersubscribed then GMP might slip below Rs 20.

4. What are the details of Niva Bupa Health Insurance IPO reservation?

Niva Bupa Health Insurance IPO subscription details will be available after the IPO opens on 7 November 2024. In the QIB category 75% of the net offer is reserved. The remaining 10% is reserved for the retail investors and 15% is for Non Institutional investors.

5. Write the details of the IPO Allotment?

Niva Bupa Health Insurance IPO allotment status is to be finalised on Friday, November 12, 2024. The listing will be on the BSE, NSE platform on Wednesday, November 14, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Niva Bupa Health Insurance IPO?

Niva Bupa Health Insurance IPO Registrar is Kfin Technologies Limited. The book-running lead manager for this IPO is ICICI Securities Limited, Morgan Stanley India Company Private Ltd, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Hdfc Bank Limited and Motilal Oswal Investment Advisors Limited.  Investors can check the allotment status in the Kfin Technologies Limited official website. 

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners