Niva Bupa IPO allotment: Step-by-step guide to check status online - Details here

Niva Bupa IPO allotment: The initial public offer of Niva Bupa Health Insurance Company Ltd was subscribed 1.80 times on the closing day of the share sale.

Niva Bupa IPO allotment: Investors can check the allotment status online on the BSE and the official registrar's website, KFin Technologies.

Step 1: Visit the official website of the BSE to check the status of the IPO application online. Login using the direct link: bseindia.com/investors/appli_check.aspx     Step 2: Select 'Equity' under 'Issue Type'     Step 3: Select 'Issue Name' (Niva Bupa Health Insurance IPO in this case.) Either enter the application number in the box or provide your PAN details to proceed further     Step 4: Click 'submit'.     The status of your Hyundai Motor India Ltd IPO will appear on the screen.

Step 1: Log in at the Kfin Technologies website or click on this -  kprism.kfintech.com/ipostatus

Step 2: Select-- Niva Bupa Health Insurance IPO

Step 3: Bidder then has to enter PAN details

Step 4: Click on the 'Search' option

 

The status of your Niva Bupa Health Insurance IPO application status will appear on the screen.

Niva Bupa IPO allotment: The equity shares are proposed to be listed on the BSE and NSE on 14th November.

Niva Bupa IPO allotment: The company had mobilised Rs 990 crore from anchor investors a day before its initial share-sale opening for public subscription.

 

Niva Bupa IPO allotment: The Rs 2,200-crore IPO is a combination of fresh issuance of equity shares worth Rs 800 crore and an offer for sale of up to Rs 1,400 crore by promoters.  

Niva Bupa IPO allotment: The company intends to utilise the net proceeds from the fresh issuance towards boosting its capital base to strengthen solvency levels, and a portion will be used for general corporate purposes.

Niva Bupa IPO allotment: ICICI Securities, Morgan Stanley India Company, Kotak Mahindra Capital Company, Axis Capital, HDFC Bank and Motilal Oswal Investment Advisors are the book-running lead managers to the offer.