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Niva Bupa Health Insurance IPO

Health Insurance - Listed on 14 November 2024

+5.6% listing gain
Issue Price (Upper)
Rs 74
Listing Price
Rs 78.14
Closing Price (NSE)
Rs 74.02
Total Subscription
1.80x

Niva Bupa Health Insurance IPO listing summary

Niva Bupa Health Insurance (Health Insurance) closed its IPO window in 2024 and listed on NSE and BSE on 14 November 2024 at an upper band issue price of Rs 74, opening at Rs 78.14 for a listing gain of +5.6% and closing day one at Rs 74.02 (+0.0% on closing basis). The IPO was subscribed 1.80x overall - QIB 2.06x, HNI/NII 0.67x, Retail 2.72x. The total issue size was Rs 3,000 Cr (Fresh Issue Rs 800 Cr, OFS Rs 2200 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+5.59%
Listing Gain (Close)
+0.03%
Day Change After Listing
-5.57%
Retail Quota
10.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB2.06x
HNI / NII0.67x
Retail2.72x
Overall1.80x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.65x
Day 21.17x
Day 3 (Final)1.80x

Niva Bupa Health Insurance IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 0+4.05%
Day 2Rs 0+2.70%
Day 3Rs 0+2.70%
Day 4Rs 0+1.35%
Day 5Rs 0+1.35%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
1.4%-4.1%
IPOGyani AI Prediction
-
Actual Listing Gain
+5.6%

Issue & financials

Issue SizeRs 3,000 Cr
Fresh IssueRs 800 Cr
OFSRs 2,200 Cr
IPO PE165.18
Peer / Sector PE38.60
PE vs Sector Ratio4.28
Latest EBITDA (Cr)17.08
Debt / Equity0.12

Market context at listing

How the broader market moved around the Niva Bupa Health Insurance IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return+0.74%
Nifty 1W Return+0.59%
Nifty 1M Return-1.26%
Nifty during IPO window-1.37%

Niva Bupa Health Insurance IPO - FAQs

What was the listing gain of Niva Bupa Health Insurance IPO?

Niva Bupa Health Insurance IPO listed at +5.6% versus the upper issue price of Rs 74 on 14 November 2024.

How many times was Niva Bupa Health Insurance IPO subscribed?

Niva Bupa Health Insurance IPO was subscribed 1.80x overall. QIB portion was subscribed 2.06x, HNI / NII 0.67x and Retail 2.72x.

What was the IPO GMP for Niva Bupa Health Insurance?

IPO GMP started at Rs 0 on Day 1 and moved to Rs 0 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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