Niva Bupa Health Insurance Company IPO subscribed 1.66 times

11 Nov 2024 , 03:08 PM

On November 7, 2024, Niva Bupa Health Insurance Limited’s initial public offering (IPO) was released to the Indian primary market. Until November 11, 2024, the public issue will be open. This implies that the Niva Bupa Health Insurance IPO application deadline is just one day.

The public offering of Niva Bupa Health Insurance has been oversubscribed, based on the IPO subscription status. During the first two days of bidding, 1.17 subscriptions were made to the book build problem.

The public issue had been subscribed 1.66 times, the retail section 2.49 times, the NII component booked 0.62 times, and the QIB sector 1.90 times by 3:00 PM on the third day of bidding.

The price range that the corporation has set is Rs 70-74 per share, and investors can bid for 200 shares in a single lot.

After Star Health & Allied Insurance Company, Niva Bupa is the second independent health insurer (SAHI) to target the Indian stock exchanges through an initial public offering (IPO).

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