The eagerly awaited allotment for the Niva Bupa Health Insurance Initial Public Offering (IPO) is expected to be finalized today, November 12, 2024. Investors who participated in this IPO will soon find out if they have been allotted shares. Here’s how investors can check their allotment status and key information to keep in mind.
How to Check Allotment Status Online
Investors who want to see if they received shares in the Niva Bupa Health Insurance IPO can check their status using three main platforms: the Bombay Stock Exchange (BSE) website, the National Stock Exchange (NSE) website, or the official website of KFin Technologies, the IPO’s registrar.
On the BSE Website:
- Visit the BSE official website.
- Find the “IPO Allotment” link under the “Investors” section.
- Please select “Equity” and then choose “Niva Bupa Health Insurance Limited.”
- Enter your application number or PAN and complete the captcha.
- Click on “Search” to see if your shares have been allotted.
On the NSE Website:
- Visit the NSE website.
- Go to the “Investors” section and select the “IPO Allotment” option.
- Enter your application number and PAN.
- Submit to see if you’ve been allotted shares.
On the KFin Technologies Website:
- Go to the “Investors” section and select the “IPO Allotment” link.
- Select “Niva Bupa Health Insurance Limited.”
- Please provide your application number, demat account information, or PAN details.
- Complete the captcha and press “Submit” to check your status.
IPO Details and Subscription
The Niva Bupa Health Insurance IPO was available for public subscription between November 7 and November 11, 2024. The price band was set at ₹70 to ₹74 per share, and the company aims to raise ₹2,200 crore through this public offer. The IPO consisted of a combination of 10.81 crore fresh issue shares valued at ₹800 crore and an offer for sale (OFS) of 18.92 crore shares amounting to ₹1,400 crore.
The IPO saw strong interest from retail investors, with the retail portion subscribed 2.73 times. The Qualified Institutional Buyers (QIBs) segment was subscribed 2.06 times, while the Non-Institutional Investors (NII) segment saw a 0.68 times subscription. The IPO was oversubscribed by 1.8 times in total.
In the grey market, the Niva Bupa Health Insurance IPO is trading at a muted premium. The Grey Market Premium (GMP) is around ₹3 per share above the issue price, bringing the estimated listing price to ₹77 per share. This reflects a slight 4% premium over the IPO price of ₹74 per share. However, the low GMP suggests cautious investor sentiment and indicates that the stock may not see a very high premium on its listing day.
The Niva Bupa Health Insurance IPO was open for public subscription from November 7 to November 11, 2024. If you’re allotted shares today, they should appear in your demat account by November 13. If you’re not allotted shares, the refund will be processed on the same day. Those with shares can start trading them on the stock exchanges from November 14.
Keep an eye on the stock’s performance once it’s listed. Factors like market conditions and the company’s financial health will affect its future price. As always, it’s best to stay updated and make decisions based on your financial goals.
