Niva Bupa Health Insurance Company Ltd. has announced public offering of 297297298 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 64.00 per share. The gross proceeds of the issue are expected to be Rs 2,20,000.00 lakhs.
The company's initial public offer (IPO) will open on 07 November 2024 and is expected to close on 11 November 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 70.00-74.00 per share.
The IPO includes a fresh Issue of 297297298 Equity Shares of the Company at an price of Rs 74.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 200 shares with bids in multiples of 200.
Niva Bupa Health Insurance Company Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,Axis Capital Ltd.,Morgan Stanley India Company Private Limited,Motilal Oswal Investment Advisors Pvt. Ltd.,HDFC Bank Limited,Kotak Mahindra Capital Company Limited as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.