Today is the second day of bidding for the IPO of private health insurer Niva Bupa Health Insurance Company Limited. On the first day, this issue was subscribed a total of 0.69 times. This IPO was subscribed 0.76 times in the retail category, 0.83 times in the Qualified Institutional Buyers (QIB) category and 0.35 times in the Non-Institutional Investors (NII) category. Investors will be able to bid for this initial public offering till November 11. Through this issue, the company wants to raise Rs 2,200 crore. For this, Niva Bupa Health Insurance is issuing 108,108,108 fresh shares worth Rs 800 crore. Whereas, the existing investors of the company are selling 189,189,189 shares worth Rs 1,400 crore through Offer for Sale i.e. OFS. If you are also planning to invest in it, then we are telling you how much you can invest in it. What is the minimum and maximum amount you can invest? Niva Bupa Health Insurance has fixed the price band of this issue as ? 70-? 74. Retail investors can bid for a minimum of one lot i.e. 200 shares. If you apply for 1 lot as per the upper price band of the IPO of ? 74, then you will have to invest ? 14,800 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 2600 shares. For this, investors will have to invest ? 192,400 as per the upper price band. 10% of the issue reserved for retail investors The company has reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII). What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.
