Niva Bupa IPO subscribed 1.17 times so far: What should risk-taking investors do?

Niva Bupa IPO, Subscription Status: The initial public offering of Niva Bupa Health Insurance Company (formerly, Max Bupa), a health insurance provider, opened for subscription on November 7. The bidding process will conclude on November 11. The price band for the issue is in the range of Rs 70-74. The Rs 2,200 crore issue comprises Rs 800 fresh share issuance and an offer for sale aggregating up to Rs 1,400 crore.

Niva Bupa IPO | Subscription status

On the second day of bidding today (November 8), the issue received bids for 20,27,56,000 shares against 17,28,57,143 shares, having been subscribed 1.17 times. At the last count (5:00 PM), the retail investor segment subscribed 1.34 times the quota available to them, according to the data from BSE. While non-institutional investors (NII) bid for 0.40 times the portion meant for the category. Meanwhile, the qualified institutional buyers (QIBs) subscribed to 1.50 times the shares offered to them.

Niva Bupa IPO | Key details; BRLMs, allotment & listing date, registrar, and other

Niva Bupa's book-running lead managers (BRLMs) are ICICI Securities, Morgan Stanley India Company, Kotak Mahindra Capital, Axis Capital, HDFC Bank, Motilal Oswal Investment Advisors

Who is the official registrar for Niva Bupa IPO?

An official registrar of Niva Bupa IPO is KFin Technologies Limited. The investors can check their allotment status via this URL - https://ris.kfintech.com/ipostatus/

Niva Bupa IPO Important dates: Allotment & listing

Niva Bupa Health Insurance Company's IPO allotment date is November November 12, 2024, applicants can check their allotment on November 13 on the official registrar website. The stock will debut on November 14, 2024.

What is the allocated portion for QIBs, NIBs, and retailers?

The allocation of shares for a bid lot of 200 shares, and in multiples thereof. Here are the details of the allocation of different types of investors

• 75 per cent of the total shares are allocated to qualified institutional buyers (QIBs)
• 10 per cent is allocated to retail investors
• 15 per cent are allocated to non-institutional buyers (NIBs).

Should you subscribe to Niva Bupa IPO?

According to SBI Securities analysts, the issue is overvalued and have recommended avoiding it. They will revisit their analysis after the listing to assess further opportunities.

Here's what Anil Singhvi says

Anil Singhvi, Managing Editor of Zee Business has advised risk-taking investors to apply for the IPO with a long-term investment horizon of 2-3 years.