Mumbai: Niva Bupa Health Insurance Company Limited has garnered approximately Rs. 990 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, November 07, 2024. The company informed the bourses that it allocated 13,37,83,783 equity shares at Rs. 74 per share on Wednesday, November 06, 2024, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor included Amansha Holdings, Zulia Investments, A91 Emerging Fund II LLP, Nippon Life, Tata Balance Advantage Fund, Axis Mutual Fund, Morgan Stanley Investment Fund amongst others.
6 domestic mutual funds were allocated shares out of total of 32 anchor investors.
ICICI Securities Limited, Morgan Stanley India Company Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, HDFC Bank Limited and Motilal Oswal Investment Advisors Limited are the book-running lead managers and KFin Technologies Limited is the registrar of the offer.