The allotment of shares for the Niva Bupa Health Insurance IPO is set to take place today, Tuesday, November 12, 2024. The Rs 2,200 crore public offering, priced between Rs 70-74, closed on Monday, November 11, 2024, with a relatively modest response from investors.
Niva Bupa IPO allotment today
It received bids for 31,13,73,200 shares, surpassing the 17,28,57,143 shares offered, resulting in an oversubscription of 1.80 times, according to NSE data.
Niva Bupa IPO Subscription Overview
Retail Individual Investors (RIIs) led the bidding with a subscription of 2.73 times, followed by Qualified Institutional Buyers (QIBs) at 2.06 times and Non-Institutional Investors (NIIs) at 0.68 times by the final day of subscription.
Share allotment is scheduled for today. Once finalized, investors can check their allotment status by visiting the official websites of BSE or Kfin Technologies, the registrar for the issue, or by using the following direct links to check the status.
