Niva Bupa IPO allotment date possible in the present day. GMP, steps to examine share allotment standing on-line

Niva Bupa Well being Insurance coverage IPO Allotment: The bidding interval for the preliminary public providing (IPO) of Niva Bupa Well being Insurance coverage Ltd has ended with respectable subscription. Candidates now be careful for Niva Bupa Well being Insurance coverage IPO allotment which is anticipated to be finalised in the present day.

The general public provide was open for subscription from November 7 to 11. Niva Bupa IPO allotment date is probably going in the present day, November 13, and the corporate is anticipated to finalise the idea of share allotment in the present day.

After the Niva Bupa IPO allotment is fastened, the corporate will credit score the shares into the demat accounts of eligible buyers on November 13 and provoke refunds to unsuccessful bidders on the identical day.

Buyers can examine Niva Bupa Well being Insurance coverage IPO allotment standing on-line via the web sites of BSE and NSE, and on the official portal of IPO registrar. Kfin Applied sciences is the Niva Bupa IPO registrar.

To do a Niva Bupa IPO allotment standing on-line examine, buyers should observe a number of easy steps talked about beneath:

Niva Bupa Well being Insurance coverage IPO allotment standing on BSE

Step 1] Go to BSE web site on this hyperlink – https://www.bseindia.com/investors/appli_check.aspx

Step 2] Choose ‘Fairness’ within the Concern Sort

Step 3] Select ‘Niva Bupa Well being Insurance coverage Restricted’ within the Concern Identify dropdown menu

Step 4] Enter both Software No. or PAN

Step 5] Confirm by ticking on ‘I’m not robotic’ and click on on ‘Search’

Your Niva Bupa Well being Insurance coverage IPO allotment standing shall be displayed on the display screen.

Niva Bupa Well being Insurance coverage IPO Allotment Standing on Kfin Applied sciences

Step 1] Go to IPO registrar’s web site on this hyperlink – https://kosmic.kfintech.com/ipostatus/

Step 2] Select ‘Niva Bupa Well being Insurance coverage Restricted’ within the Choose IPO dropdown menu

Step 3] Choose both Software No, Demat Account, or PAN

Step 4] Enter the main points as per the choice chosen

Step 5] Enter the Captcha code and click on on Submit

Your Niva Bupa Well being Insurance coverage IPO allotment standing shall be displayed on the display screen.

Niva Bupa Well being Insurance coverage IPO GMP At the moment

The fairness shares of Niva Bupa Well being Insurance coverage are witnessing a muted pattern within the unlisted market. In line with inventory market observers, Niva Bupa Well being Insurance coverage IPO GMP in the present day, or gray market premium in the present day, is ₹0 per share. This means that within the gray market, Niva Bupa Well being Insurance coverage shares are buying and selling at par with their difficulty worth, with none premium or low cost.

Given the Niva Bupa Well being Insurance coverage IPO GMP in the present day, the estimated itemizing worth of Niva Bupa Well being Insurance coverage shares is ₹74 apiece, equal to the IPO worth of ₹74 per share.

Niva Bupa Well being Insurance coverage IPO Particulars

The bidding for Niva Bupa Well being Insurance coverage IPO started on Thursday, November 7, and ended on Monday, November 11. Niva Bupa Well being Insurance coverage IPO allotment date is probably going in the present day, November 12, and the IPO itemizing date is November 14. Niva Bupa Well being Insurance coverage shares shall be listed on BSE and NSE.

The corporate raised ₹2,200 crore from the book-built difficulty at an upper-end of the IPO worth band of ₹70 to ₹74 per share. Niva Bupa Well being Insurance coverage IPO was a mixture of recent difficulty of 10.81 crore fairness shares price ₹800 crore and provide on the market (OFS) of 18.92 crore shares amounting to ₹1,400 crore.

Niva Bupa Well being Insurance coverage IPO is subscribed 1.8 instances in complete. The retail portion of the general public difficulty was booked 2.73 instances, whereas the Non Institutional Buyers (NII) section was booked 0.68 instances, and the Certified Institutional Consumers (QIBs) section was subscribed 2.06 instances.

ICICI Securities, Morgan Stanley India Firm Pvt Ltd, Kotak Mahindra Capital Firm, Axis Capital, HDFC Financial institution and Motilal Oswal Funding Advisors are the e-book operating lead managers of the Niva Bupa Well being Insurance coverage IPO, whereas Kfin Applied sciences is the IPO registrar.

Disclaimer: The views and proposals made above are these of particular person analysts or broking firms, and never of Mint. We advise buyers to examine with licensed consultants earlier than making any funding selections.