The public offering of Niva Bupa Health Insurance has been oversubscribed, based on the IPO subscription status.
The price band for the IPO is set between ₹70-74 per share.
Retail Individual Investors (RIIs) have made the largest bids in the Niva Bupa IPO, fully subscribing to the quota set aside for their category.
The IPO includes a fresh equity issue worth ₹800 Crore and an offer-for-sale (OFS) of ₹1,400 Crore from promoters.
The offer for sale includes 18.92 crore shares, totalling Rs 1400 crore, while the new issuance includes 10.81 crore shares worth Rs 800 crore.
According to the exchange filing, the health insurer distributed 13,37,83,783 equity shares to 32 anchor investors
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