Price band of Niva Bupa Health Insurance IPO fixed from ₹70 to ₹74, know these 10 important details including GMP – Top News Bulletin

Niva Bupa Health Insurance IPO: Niva Bupa Health Insurance has fixed the price band of its IPO. The joint venture between Bupa Group and Fatal Tone LLP has set the price band of Niva Bupa Health Insurance IPO at ₹70 to ₹74 per equity share. The book build issue will open on 7th November 2024 and will remain open till 11th November 2024. During this period, investors will be able to invest money in this IPO. The insurance and healthcare company aims to raise ₹2,200 crore from this initial offering, of which ₹800 crore will be issued as new shares and ₹1,400 crore will be sold through the offer for sale (OFS) route.

Details of Niva Bupa Health Insurance IPO

1. Niva Bupa Health Insurance IPO Price Band: The price band of Niva Bupa Health Insurance IPO has been fixed at ₹70 to ₹74 per equity share.
2. Niva Bupa Health Insurance IPO Subscription Date: The IPO will open on 7th November 2024 and will remain open till 11th November 2024.
3. Niva Bupa Health Insurance IPO GMP: Shares of the company are available at par in the gray market today. According to stock market observers, today's Niva Bupa Health Insurance IPO GMP (grey market premium) is zero.
4. Niva Bupa Health Insurance IPO Size: The company aims to raise ₹2,200 crore from this public offer. Of this ₹2,200 crore, ₹800 crore is for issuance of new shares, while the remaining ₹1,400 crore is reserved for the OFS route.
5. Niva Bupa Health Insurance IPO Allotment Date: The most likely date for allotment of shares is 12th November 2024, i.e. Tuesday next week.
6. Niva Bupa Health Insurance IPO Anchor Allotment: The public issue will open for anchor investors on Wednesday, November 6, 2024.
7. Niva Bupa Health Insurance IPO Lot Size: One lot of 200 shares. Bidders can apply in lots.
8. Niva Bupa Health Insurance IPO Listing: The public issue will be listed on BSE and NSE.
9. Niva Bupa Health Insurance IPO Listing Date: Tentative date of share listing is 14 November 2024.
10. Niva Bupa Health Insurance IPO Review: In FY24, the company reported over 44 per cent YoY growth in revenue, while PAT grew by over 550 per cent during the period.