Niva Bupa IPO allotment expected today: Here's how to check status online via registrar, BSE and NSE

Niva Bupa is the second standalone health insurer to float an IPO after Star Health & Allied Insurance Company.

Niva Bupa Health Insurance Co. Ltd shares are expected to be allotted to successful bidders following the company's Rs 2,200-crore initial public offering (IPO). The equity shares are proposed to be listed on the BSE and NSE on 14th November.

The IPO of Niva Bupa, formerly known as Max Bupa Health Insurance, was oversubscribed 1.80 times by the end of the final day on Monday. The shares were offered in a price range of Rs 70-74 per share in the primary market.

According to platforms that track the grey market premium activities, the shares of Niva Bupa are commanding a flat GMP in the unofficial market.

Those who subscribed to the maiden share sale by the company can check their allotment status on the official website of the registrar, KFin Technologies, using their application number or PAN details.

Niva Bupa IPO allotment status can also be checked on the BSE and NSE websites.

Niva Bupa IPO allotment date today: Steps to check share allotment status on KFin Tech

Step 1: Open the direct link to the registrar on this URL (https://evault.kfintech.com/ipostatus/).

Step 2: Select the company from the dropdown menu.

Step 3: Investors can check the allotment status by filling in details like PAN, Application number or DP client ID.

Step 4: Press the Submit button

Step 5: The allotment status will be shown in the window.

Niva Bupa IPO subscribed 1.8 times by Day 3, retail investors show strong interest

Niva Bupa IPO allotment status check on NSE

Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).

Step 2: Register by signing up using your details and then Submit.

Step 3: Select 'Niva Bupa Health Insurance Company Ltd'

Step 4: Investors can check the allotment status by filling in details like their IPO Application number.

Step 4: Press the Submit button

Step 5: The allotment status will be shown in the window.

Niva Bupa IPO allotment status check on direct link of BSE

Step 1: Open the website of Bombay Stock Exchange (BSE).

Step 2: Click on 'Investors' option.

Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.

Step 4: Click on 'Application Status Check'.

Step 5: Select Equity in the issue type.

Step 6: Fill in the required details including the 'Issue Name'.

Step 7: Enter PAN number and click on Search to view the status

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.

This is the second standalone health insurer to float an IPO after Star Health & Allied Insurance Company.