The highly anticipated Niva Bupa Health Insurance IPO recently closed its subscription period on November 11, 2024. This IPO, which aimed to raise around ₹2,200 crore, was priced between ₹70 and ₹74 per share and is set to list on the BSE and NSE on November 14, 2024. Here’s everything investors need to know about the allotment status, market performance, and how to check their allotment status.
Key Highlights of the Niva Bupa Health Insurance IPO
IPO Details
- IPO Open Date: November 7, 2024
- IPO Close Date: November 11, 2024
- Allotment Date: November 12, 2024
- Refund Date: November 13, 2024
- Listing Date: November 14, 2024
How to Check Niva Bupa IPO Allotment Status
Investors can check the Niva Bupa Health Insurance IPO allotment status by visiting the official IPO registrar’s website, KFin Technologies Limited. Here’s a quick step-by-step guide:
- Visit the KFin Technologies Allotment Page: Go to kosmic.kfintech.com/ipostatus for direct access to allotment details.
- Enter Required Details: Provide either your PAN, DP/Client ID, or Application ID.
- Submit: Click on the “Submit” button to view the allotment status.
If you subscribed through a Demat account with CDSL or NSDL, you can also check directly through their respective portals by logging in and selecting the “IPO Allotment” section.
Investor Insights: Should You Apply for Niva Bupa IPO?
The IPO has been met with considerable interest, primarily due to Niva Bupa’s reputation in the health insurance sector and the robust growth prospects within the industry. As of November 12, the Grey Market Premium (GMP) for Niva Bupa’s IPO indicated positive sentiment, signaling potentially strong listing gains. However, as always, market conditions can shift, so it’s crucial to keep an eye on GMP fluctuations on listing day.
Financials and Growth Prospects
Niva Bupa Health Insurance has demonstrated strong financial growth in recent years:
- Revenue: ₹4,118.63 crore in 2024, marking significant year-over-year growth.
- Assets: Total assets increased to ₹3,232.62 crore as of March 2024.
- Net Worth: The company reported a net worth of ₹2,049.59 crore, up from ₹831.12 crore in 2023.
Given its rising revenue and expanding assets, many analysts see Niva Bupa Health Insurance as a promising investment. The company’s established brand, combined with its growth in a fast-expanding market, may enhance its long-term value.
For further IPO insights and to stay updated with the latest developments, visit our blog at surajgoswami.com.
Key Points to Remember
- Allotment Check: Use KFin Technologies or check with your broker.
- Listing Date: November 14, 2024, on BSE and NSE.
- GMP Trends: Monitor for potential listing gains.
Table: Niva Bupa Health Insurance IPO Key Dates and Figures
| Event | Date | Details |
|---|---|---|
| IPO Open Date | November 7, 2024 | Subscription starts |
| IPO Close Date | November 11, 2024 | Subscription ends |
| Allotment Date | November 12, 2024 | Shares allotted to investors |
| Refund Date | November 13, 2024 | Refunds for non-allotted |
| Listing Date | November 14, 2024 | BSE and NSE listing |
For a detailed review and comprehensive analysis on whether to apply or hold, check out other similar IPO insights at surajgoswami.com for comparisons with Sagility IPO and Acme Solar IPO.
