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Niva Bupa share price: Stock lists at 6% premium on D-Street debut

Shares of Niva Bupa Health Insurance Company Limited made a decent start on the Dalal Street as its shares listed at a premium of 6% on Thursday.
Shares of Niva Bupa opened at Rs 78.50 on the Bombay Stock Exchange at a premium of 6.08%. The stock was listed at Rs 78.14 per share on the NSE against the isssue price of Rs 74, a premium of 5.59%.
The allotment of shares for the initial public offering (IPO) of Niva Bupa Health Insurance Company Limited was finalised on Tuesday after the public issue saw moderate interest from investors until it was open for bidding.
The Niva Bupa Health Insurance IPO was subscribed 1.90 times as of November 11, 2024. In specific categories, the retail segment saw the strongest interest, with a subscription rate of 2.88 times, while qualified institutional buyers (QIB) subscribed 2.17 times, and non-institutional investors (NII) subscribed 0.71 times.
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd said that Niva Bupa has shown strong growth and a positive turnaround in recent years, the short-term performance concerns and the IPO’s pricing seemed to have tempered investor enthusiasm.
“Investors who participated in the IPO can consider holding their shares, but should closely monitor the company’s performance and the broader market conditions. New investors may want to wait for a clearer picture of the company’s future trajectory before investing,” she added.
Niva Bupa Health Insurance, based in Delhi, offered its shares in a price band of Rs 70-74 per share. Investors are required to apply for a minimum lot of 200 shares. The IPO aims to raise Rs 2,200 crore, including Rs 800 crore through a fresh issue and Rs 1,400 crore through an offer-for-sale (OFS).

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