Niva Bupa and Acme Solar IPOs From Nov 6 and 7
By : RAVI RANJAN PRASAD
Update: 2024-11-05 05:49 GMT
Mumbai: Niva Bupa Health Insurance Company announced Rs 2,200 crore initial public offering in a price band of Rs 70 to 74 per equity share of Rs 10 face value. The public issue of Niva Bupa opens on November 7 and closes on November 11, 2024.
Acme Solar Holdings also announced Rs 2,900 crore IPO in the price band of Rs 275 to Rs 289 per equity share of Rs 2 face value. The public issue of Acme Solar opens on November 6 and closes on November 8, 2024.
Niva Bupa's public issue is a mix of fresh of Rs 800 crore and an offer of sale up to Rs 1,400 crore by Bupa Singapore Holdings Pte. Ltd., Fettle Tone LLP. The proceeds from fresh issuance will be utilized for augmentation of capital base to maintain and strengthen solvency levels; and general corporate purposes, the company said.
Acme Solar IPO is also a mix of fresh issue of up to Rs 2,395 crore and an offer of sale up to Rs 505 crore by Acme Cleantech Solutions.
The proceeds from Acme Solar's fresh issuance will be utilized to the extent of Rs 1,795 crore for payment of certain outstanding borrowings availed by its subsidiaries; and general corporate purposes.
Niva Bupa's public issue is a mix of fresh of Rs 800 crore and an offer of sale up to Rs 1,400 crore by Bupa Singapore Holdings Pte. Ltd., Fettle Tone LLP. The proceeds from fresh issuance will be utilized for augmentation of capital base to maintain and strengthen solvency levels; and general corporate purposes, the company said.
Acme Solar IPO is also a mix of fresh issue of up to Rs 2,395 crore and an offer of sale up to Rs 505 crore by Acme Cleantech Solutions.
The proceeds from Acme Solar's fresh issuance will be utilized to the extent of Rs 1,795 crore for payment of certain outstanding borrowings availed by its subsidiaries; and general corporate purposes.