Mon Nov 11 07:24:28 UTC 2024: ## Niva Bupa Health Insurance IPO to Open on November 7th at ₹70-74 Per Share

**New Delhi, November 4:** Niva Bupa Health Insurance Company Limited, formerly known as Max Bupa Health Insurance Company, has fixed the price band for its initial public offering (IPO) at ₹70-74 per share. The IPO, worth ₹2,200 crores, will open for subscription on November 7th and close on November 11th. Anchor investors can bid on November 6th.

The IPO comprises a fresh issue of ₹800 crores and an offer for sale (OFS) of up to ₹1,400 crores by promoters. The company had initially planned to raise ₹3,000 crores but subsequently reduced the issue size.

Bupa Singapore Holdings Private Limited holds a 62.19% stake in the insurance company, while Fatal Tone LLP owns 26.8%.

**Disclaimer:** This news was automatically generated from a news agency feed. ThePrint is not responsible for its content.

Read More