Niva Bupa Health Insurance IPO: If you are thinking of betting on an Initial Public Offering (IPO), then there is some useful news for you. This week, another mainboard IPO is opening for investment.
Niva Bupa Health Insurance IPO: If you are thinking of betting on an Initial Public Offering, then there is some useful news for you. This week, another mainboard IPO is opening for investment. We are talking about Niva Bupa Health Insurance Company Limited (Niva Bupa Health Insurance IPO). The IPO of Niva Bupa Health Insurance will open for investment on November 7 and will close on November 11. The price band for this has been fixed at Rs 70-74 per share.
What is the detail
The IPO of Niva Bupa Health Insurance Company Limited is worth Rs 2,200 crore. Its earlier name was Max Bupa Health Insurance Company. The company announced that the IPO will open on November 7 and close on November 11. Anchor (large) investors will be able to bid on November 6. The IPO is a combination of new shares worth Rs 800 crore and a sale offer (OFS) by promoters of up to Rs 1,400 crore.
The company was earlier planning to raise Rs 3,000 crore, however later it reduced the size of the IPO. Bupa Singapore Holdings Private Limited holds 62.19 percent stake in the insurance company, while Fetal Tone LLP holds 26.8 percent.
What is the ongoing GMP?
According to Investorgain.com, the grey market premium (GMP) of Niva Bupa Health Insurance IPO is not yet available. The company’s shares will be listed on both BSE and NSE. Its shares may be listed on November 14. Let us tell you that Niva Bupa Health Insurance is a company of the year 2008. It is a joint venture between Bupa Group and Fetal Tone LLP which provides insurance in the health sector.
