Niva Bupa Health Insurance IPO Listing: Today, November 14, shares of Niva Bupa Health Insurance are scheduled to launch on the public market. Niva Bupa Health Insurance’s IPO listing date is set for today after a respectable level of interest for the IPO.
The IPO allocation for Niva Bupa Health Insurance was finalized on November 12 after the subscription period lasted from November 7 to November 11. Today, November 14, is the day of Niva Bupa Health Insurance’s first public offering.
The announcement on the BSE said, “Trading Members of the Exchange are hereby informed that the equity shares of NIVA BUPA HEALTH INSURANCE COMPANY LIMITED shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities with effect from Thursday, November 14, 2024.”
On Thursday, Niva Bupa Health Insurance will participate in the Special Pre-open Session (SPOS), and the stock will be traded on the BSE and NSE stock exchanges starting at 10:00 AM.
Investors use the Niva Bupa Health Insurance IPO grey market premium (GMP) to predict the listing price ahead of today’s share offering.
Experts on the stock market predict a subdued listing of shares for Niva Bupa Health Insurance’s IPO GMP today.
In the unlisted market, Niva Bupa Health Insurance shares continue to show a modest trend. The current IPO GMP for Niva Bupa Health Insurance is Re 1 per share, according to stock market watchers. This shows that shares of Niva Bupa Health Insurance are selling on the grey market for Re 1 each more than their issue price.
The expected listing price of Niva Bupa Health Insurance shares is ₹75 per share, which is 1.3% more than the IPO price of ₹74 per share, given the Niva Bupa Health Insurance IPO GMP today.
One of the leading companies in India’s health insurance business, Niva Bupa Health Insurance, is about to launch on the stock exchange. Although there was a respectable 1.9-fold subscription for the IPO, the current grey market premium (GMP) of ₹1 (1.35%) indicates that market sentiment is muted.
In recent years, the business has shown impressive development and a successful comeback. Concerns over its short-term performance are raised by the company’s recent negative results in the first quarter of the current fiscal year. Furthermore, the IPO’s price seems a little aggressive, which may affect how well it lists, according to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.
Nyati noted that while Niva Bupa has bright long-term possibilities in the expanding Indian health insurance sector, investors should be wary given the state of the market and the company’s recent financial results.
Despite the market’s selloff attitude, Niva Bupa Health Insurance’s initial public offering (IPO), the fastest-growing firm in the industry, garnered a respectable 2.88x demand from retail investors, according to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
“There is a very strong chance of flat listing in the region of + or – 5% on its issue price when all the elements are taken into account, coupled with respectable subscription demand and market attitudes. Due to market pressure, allotted investors shouldn’t anticipate significant listing returns, Tapse said.
Despite the short-term market volatility and industry competition, he counsels long-term investors to “hold for the long term.” He suggests accumulating for non-allottees if the listing is close to the issue price.
On Thursday, November 7, the Niva Bupa Health Insurance IPO bidding began, and it ended on Monday, November 11. The Niva Bupa Health Insurance IPO listing date is November 14, and the IPO allocation was set on November 12. The BSE and NSE will list shares of Niva Bupa Health Insurance.
The initial public offering (IPO) pricing range for Niva Bupa Health Insurance was ₹70 to ₹74 per share. The book-built issue, which combined a new issuance of 10.81 crore equity shares valued at ₹800 crore with an offer for sale (OFS) of 18.92 crore shares valued at ₹1,400 crore, helped the business raise ₹2,200 crore at the top end of the price range.
The IPO of Niva Bupa Health Insurance received 1.8 subscriptions overall. The public issue’s retail component was booked 2.73 times, the Qualified Institutional Buyers (QIBs) section was subscribed to 2.06 times, and the Non Institutional Investors (NII) segment was booked 0.68 times.
The Niva Bupa Health Insurance IPO’s book running lead managers are ICICI Securities, Morgan Stanley India Company Pvt Ltd, Kotak Mahindra Capital Company, Axis Capital, HDFC Bank, and Motilal Oswal Investment Advisors. The IPO registrar is Kfin Technologies.
