Niva Bupa share price: Stock lists at 6% premium on D-Street debut
In Short
- Niva Bupa shares liste at 6% premium on Dalal Street
- Shares open at Rs 78.50 on BSE, Rs 78.14 on NSE
- IPO aimed to raise Rs 2,200 crore with price band Rs 70-74
Shares of Niva Bupa opened at Rs 78.50 on the Bombay Stock Exchange at a premium of 6.08%.
The retail segment saw the highest interest, subscribing 2.88 times, followed by QIBs at 2.17 times and NIIs at 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).
