Niva Bupa Health Insurance (formerly Max Bupa) has filed a draft red herring prospectus with SEBI to raise Rs 2,200 crore through its initial public offering (IPO). The offer includes both an offer for sale (OFS) and a fresh issue of shares.
Private equity firm True North, which acquired a 51% stake in Max India in 2019 and holds its stake through Fettle Tone, plans to partially exit via the OFS. Here are top 10 things to know about Niva Bupa Health Insurance IPO.
Here are 10 key things to know about the Rs 2,200 cr public issue:
1) IPO Schedule of Niva Bupa Health Insurance IPO
The Niva Bupa Health Insurance IPO is set to open for subscription on November 7, 2024, and will close on November 11, 2024.
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The share allotment is expected to be finalized on November 12, with the IPO listing scheduled for Thursday, November 14, 2024, on both the BSE and NSE.
2) Price Band and Lot Size of Niva Bupa Health Insurance IPO
The price band for Niva Bupa Health Insurance’s IPO has been set at Rs 70 to Rs 74 per share, with a minimum application lot size of 200 shares. Retail investors will need to invest at least Rs 14,800 to participate in the offering.
3) IPO Size of Niva Bupa Health Insurance IPO
The Niva Bupa Health Insurance IPO is a Rs 2,200 crore book-built issue, comprising an offer for sale of 18.92 crore shares valued at Rs 1,400 crore and a fresh issuance of 10.81 crore shares worth Rs 800 crore.
4) Grey Market Premium (GMP) of Niva Bupa Health Insurance IPO
As of November 6,
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