Niva Bupa IPO Update: Invest Before It’s Too Late – Know the Current GMP and Listing Premium of Niva Bupa Shares

The shares of Niva Bupa Health Insurance have been listed on the stock exchanges today. On the NSE, the company’s shares were listed at Rs 78.14, with a premium of 5.5 per cent. The issue price of the shares in the IPO was Rs 74. Meanwhile, on the BSE, the company’s shares were listed at Rs 78.5, with a premium of 6.08 per cent.

The Rs 2,200 crore IPO of Niva Bupa Health Insurance opened for subscription on November 7 and closed on November 11. The price band for the IPO was set at Rs 70-74 per share.

Subscribers of the IPO

The IPO of Niva Bupa Health Insurance received a strong response from investors, getting subscribed 1.9 times. The company received bids for 31.13 crore shares against the 16.3 crore shares on offer.

The retail investor segment was particularly enthusiastic, with subscriptions reaching 2.88 times.
The non-institutional investor (NII) segment, however, was subscribed only 0.71 times.
The qualified institutional buyers (QIB) category showed solid interest, with a subscription of 2.17 times.

Decline in Early Trading

Despite the positive listing, Niva Bupa’s stock faced profit booking shortly after its debut. In early trading, the stock was seen trading at Rs 76.41, down by 2.66 per cent (or Rs 2.09) from its opening price.

The company has demonstrated impressive financial growth. For the fiscal year 2023-24, Niva Bupa reported revenue growth of over 44 per cent compared to the previous year. Additionally, the company’s Profit After Tax (PAT) surged by an incredible 550 per cent during the same period.

The mixed market response reflects both strong investor interest and cautious profit-taking, underscoring the stock’s potential for long-term investors while highlighting the immediate volatility typical of IPO listings.

To buy shares of Niva Bupa Health Insurance IPO, you need to follow these steps:

1. Open Demat & Trading Account: Register with a stockbroker like Zerodha, ICICI Direct, or HDFC Securities.
2. Check IPO Details: Know the price band (Rs 70-74) and minimum lot size (20 shares).
3. Apply for the IPO: Log in to your broker’s platform, fill in bid details, and select the number of lots to apply for.
4. Payment via UPI: Approve the payment mandate sent to your UPI-linked bank account.
5. Track Subscription & Allotment: Check subscription status on your broker’s platform. Post-allotment, track the shares in your Demat account.
6. Post-Allotment: If allotted, the shares will be credited to your Demat account and listed on exchanges for trading.