Niva Bupa IPO: Health insurer raises ₹990 cr from anchor investors; issue opens today
The ₹2,200 crore IPO of the health insurer, formerly known as Max Bupa, will close on November 11.
The ₹2,200 crore IPO of the health insurer, formerly known as Max Bupa, will close on November 11.
The renewable energy arm of Apollo International Group currently manages an order book of ₹3,500 crore across solar and hydro energy.
The share price of Waaree Energies touched a fresh all-time high of ₹3,119.80 on Tuesday, rising 109% over the IPO price of ₹1,503 apiece.
This is the second recent IPO after Hyundai Motor India which failed to garner strong response from retail investors.
The IPO is a mixture of a fresh issue of shares worth ₹4,500 crore and an offer for sale of ₹6,800 crore by existing shareholders.
Zomato rival Swiggy is expected to launch its IPO in the first week of November.
Post listing, Waaree Energies shares gained as much as 74.6% to ₹2,624.40 on the NSE; the stock price of Deepak Builders declined 15.7% to hit a low of ₹171.
The three-day IPO of Afcons Infra will close on October 29, while the tentative date for listing of shares on the BSE and NSE is November 4, 2024.
Hyundai Motor shares were commanding GMP of ₹75 in the grey market today, estimating listing price to be around ₹2,035, a premium of 3.83% over the IPO price.
The infrastructure firm has cut OFS size to ₹4,180 from ₹5,750 crore mentioned in the DRHP after it raised ₹2,896 crore in the pre-IPO round.