Niva Bupa Health Insurance plans to raise Rs 2,200 crore through its initial public offering (IPO). The book-built IPO includes a fresh issue of 10.81 crore shares worth Rs 800 crore, as well as an offer to sell 18.92 crore shares for Rs 1,400 crore. Niva Bupa Health Insurance IPO Subscription WindowNiva Bupa Health Insurance's IPO subscription will start on November 7, 2024, and close on November 11, 2024.Niva Bupa Health Insurance IPO Allotment and Listing DateShare allotments for Niva Bupa Health Insurance are expected on November 12, with a tentative listing on the BSE and NSE scheduled for November 14.

Niva Bupa Health Insurance IPO Price BandThe IPO price band of Niva Bupa Health Insurance is set between Rs 70 and Rs 74 per share. Retail investors need to apply for a minimum lot size of 200 shares, amounting to Rs 14,800. For high-net-worth individual investors (sNII), the minimum application is 14 lots (2,800 shares) at Rs 207,200, while bNII applicants have a minimum of 68 lots (13,600 shares), totaling Rs 1,006,400. Niva Bupa Health Insurance IPO GMPAs per multiple websites that track the grey market premium activities, the shares of Niva Bupa Health Insurance IPO are trading flat.ICICI Securities, Morgan Stanley India, Kotak Mahindra Capital, Axis Capital, HDFC Bank, and Motilal Oswal Investment Advisors are serving as the book-running lead managers for the issue, with Kfin Technologies as the registrar.

Niva Bupa Health Insurance was founded in 2008 as a joint venture between Bupa Group and Fettle Tone LLP to provide health insurance services. The company's Niva Bupa Health mobile app and website provide a wide choice of options for both individual and group health insurance. Its product offerings are divided into two categories: retail items for families and individuals and group programs for businesses and employees.