11/11/2024, 2:17:03 pm

Niva Bupa IPO GMP slips, allotment on November 12

Niva Bupa is a joint venture between the Bupa Group and Fettle Tone LLP that provides insurance in the health sector. It aims to raise Rs 2,200 crore by offering 29.73 crore shares at a price band of Rs 70-74 per equity share, with a tentative listing on November 14 on NSE and BSE mainboard segments. The company’s grey market premium slipped to null from Rs 3 to the issue price.