October 2024 was marked by FPI sell-off and market correction almost across the board
There was virtually no respite as FPIs were net sellers on almost all the trading sessions during October 2024
The IPO includes a fresh equity issue worth ₹800 Crore and an offer-for-sale (OFS) of ₹1,400 Crore from promoters.
The IPO’s price range is set at ₹275 to ₹289 per equity share, with a face value of ₹2 per share.
Demand was driven by retail individual investors (RIIs), who subscribed for more than twice the amount set out for them.
Retail Individual Investors (RIIs) have made the largest bids in the Niva Bupa IPO, fully subscribing to the quota set aside for their category.
There are serious concerns about profitability since investors are growing more leery of tech businesses that take a long time to report profitable results.
October saw Nifty correcting from 26,000 levels to below the 24,000 levels on across-the-board selling
Top gainers in Sensex include Tech Mahindra, infosys, Wipro, M&m. Top losers in Sensex include Asian Paints, Tata Motors, Reliance, ICICI Bank.
The company is offering its shares for between Rs 259 and Rs 273 each. The issue's three-day bidding ends on Monday, November 18.

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