Niva Bupa Health Insurance IPO: Here's What GMP Indicates Ahead Of Launch
The grey market premium trend of Niva Bupa Health Insurance IPO indicated a subdued response to the offer in the unlisted market. The GMP on Niva Bupa Health Insurance IPO, which is set to open on Nov. 7, was nil as of 09:26 a.m. on Nov. 6. According to InvestorGain, the company's shares are likely to list at Rs 74, marking no listing gain.
The subscription window for Niva Bupa IPO will be open till Nov. 11.
Shares of Niva Bupa Health Insurance IPO are set to list on the BSE and NSE, on Thursday, Nov. 14.
Notably, GMP is not an official price quote for the stock and is based on speculation.
Niva Bupa Health Insurance IPO: Price Band And Offer Size
Niva Bupa Health Insurance IPO price band has been fixed at Rs 70 to Rs 74 per share. Retail investors can apply for the public issue by placing bids for a minimum lot size of 200 shares totalling an investment of Rs 14,800.
Niva Bupa IPO aims to raise Rs 2,200 crore through its public issue, which consists of a fresh issue of 10.81 crore shares amounting to Rs 800 crore and an offer for sale of 18.92 crore shares worth Rs 1,400 crore.
Share allotment for the issue will be finalised on Tuesday, Nov. 12.
Niva Bupa Health Insurance has appointed Kfin Technologies Ltd. as registrar for the issue.
The book-running lead managers for the public issue are ICICI Securities Ltd., Morgan Stanley India Co., Kotak Mahindra Capital Co., Axis Capital Ltd., HDFC Bank Ltd. and Motilal Oswal Investment Advisors Ltd.
Use Of Proceeds
The company plans to use the funds raised through the public issue to enhance its capital base and improve its solvency levels. The proceeds will also be used for funding general corporate purposes.
About Niva Bupa Health Insurance Co.
Incorporated in 2008, Niva Bupa Health Insurance Co. is a joint venture between the Bupa Group and Fettle Tone LLP — a special purpose vehicle of True North Fund VI LLP.
According to its website, the health insurance company has a network of more than 10,000 hospitals and has settled about 91.6% of the claims.
Formerly known as Max Bupa Health Insurance Co., it became India's third-largest retail health insurer with over Rs 4,000 crore collected in written premiums in fiscal 2023.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
