The shares of Niva Bupa Health Insurance made a respectable market debut on Thursday, November 14, when they went public on the NSE for ₹78.14, 5.5% above the issue price of ₹74. It was listed at ₹78.5 on the BSE, which was 6.08 percent higher than the IPO price.
From November 7 to November 11, subscriptions for Niva Bupa’s ₹2,200 crore initial public offering (IPO) were accepted. The issue price of the health insurance services provider’s shares was between ₹70 and ₹74 per share.
The stock debuted on the BSE at a premium of 6.08 percent, at Rs 78.50 a share. It then increased by 9.37% to Rs 80.94. The market value of the company was Rs 14,069.93 crore.
Niva Bupa Share Price
Stock exchanges will list Niva Bupa shares today at a premium of 5.5–6% over the ₹74 IPO price. On the last day of the share sale, Niva Bupa Health Insurance Company Ltd.’s initial public offering (IPO), formerly known as Max Bupa Health Insurance Company, received 1.80 subscriptions. The issue is priced between Rs 70 and Rs 74 per share. In the Rs 2,200-crore IPO, promoters would offer up to Rs 1,400 crore for sale in addition to issuing new equity shares valued at Rs 800 crore. Originally seeking to raise Rs 3,000 crore, the business lowered the offering size.
Niva Bupa IPO GMP
In the grey market, the company’s shares were fetching a premium of 1.38%, suggesting flat to modest listing gains. Before being listed, shares are illegally traded on the grey market.
About the Company – Niva Bupa
The Bupa Group and Fettle Tone LLP formed the health insurance-focused Niva Bupa Health Insurance Company Limited in 2008. Via its Niva Bupa Health website and mobile app, the company offers a comprehensive strategy that gives users access to a wide range of health ecosystem and service options. The business saw a 44.05% growth in sales and a noteworthy 552.73% gain in profit after tax (PAT) between the fiscal years ending March 31, 2023, and March 31, 2024.
