iva Bupa Health Insurance IPO, Niva Bupa IPO GMP Today Live Updates: Niva Bupa Health Insurance IPO, formerly Max Bupa Health Insurance Company, received 1.17 times subscription on day two of the share sale on Friday.
The initial share sale got bids for 20,26,82,400 shares against 17,28,57,143 shares on offer, as per NSE data. QIBs attracted 1.50 times subscription, while the quota for retail individual investors (RIIs) subscribed 1.34 times. The portion for non-institutional investors fetched 40 per cent subscription. Niva Bupa Health Insurance Company Ltd on Wednesday said it has mobilized Rs 990 crore from anchor investors.
The issue, with a price band of ₹70-74 per share, will conclude today.