Niva Bupa is likely to list in the stock market at a premium of 4% as of the Niva Bupa IPO GMP Today. It is a large-cap insurance sector company with a strong position. The next 4 to 5 years, the sector market size will likely grow at 6.74% CAGR.
As of 11 Nov 2024, the Niva Bupa IPO is going to close. It will be listed in the NSE and BSE in the next few days after the people are allotted the IPO. As of the IPO closing date and IPO GMP Today, there is no major gain expected but the trend may also change before the listing gains.
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Niva Bupa IPO GMP Today
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
| Date | Live IPO GMP | EST. Listing Gains | Price Band | IPO Size | Bidding Dates |
|---|---|---|---|---|---|
| 11 Nov, 2024 (Today) | ₹3 | ₹77 (4.05%) | ₹70 – ₹74 | ₹2,200Cr | 7 Nov – 11 Nov |
About Niva Bupa Health Insurance Company Ltd
Niva Bupa is also known as Niva Bupa Health Insurance Company Ltd. The company was founded in 2008 as a joint venture with Max India. It is a large-cap insurance sector company.
The Niva Bupa company offers a wide range of health insurance plans like Maternity Plans, Senior Citizen Plans, Premium & NRI Plans, Diabetes & Hypertension Plans, and more.
As per the company’s official website, the company has more than 10,000+ Network hospitals pan India, 320+ Hospitals near you, and you can check Niva Bupa Network near you from their official website.
The company has more than 1.4 Crore happy customers, 15 Lakh + claims paid since inception, and they offer 30 minutes cashless claim processing.
Niva Bupa IPO Details
| IPO Type | Mainboard |
| IPO Open Date | 07 Nov, 2024 |
| IPO Close Date | 11 Nov, 2024 |
| IPO Listing Date | 14 Nov, 2024 |
| IPO Refund Date | 13 Nov, 2024 |
| IPO Allotment Date | 12 Nov, 2024 |
| IPO Demat Credit Date | 13 Nov, 2024 |
| IPO Price Band | ₹70 to ₹74 Per Share |
| IPO Listing | NSE & BSE |
| Issue Size | Approx ₹2,200 Crore |
| Fresh Issue | Approx ₹800 Crore |
| Offer For Sale | Approx ₹1,400 Crore |
| NII Quota | Not More Than 15% |
| QIB Quota | Not More Than 75% |
| Retail Quota | Not More Than 10% |
| Prospectus | Click Here |
FAQs
As of now, the Niva Bupa IPO is going to close today, The GMP of the IPO is Rs. 3 which means its estimated listing gains will be around 4%. As there are a few days left in the Niva Bupa IPO listing in the market, the GMP may change.
Niva Bupa is one of the good companies in the health insurance sector but many other companies in the sector are major players. Also, the Niva Bupa company started making a profit in the last 2 years, before that it was a loss-making company. In March 2020, the company made a net loss of Rs. 62 crore, in March 2021 net loss of Rs. 50 Crore, In March 2022 Rs. -197 crore.
After the year, the company started making profits. In March 2023 the company showed a net profit of Rs. 13 crore and in the next year March 2024, the profit jumped to Rs. 82 Crore.
In conclusion, the financials and profitability of the company look unstable.
The company provides various health insurance plans like Maternity Plans, Senior Citizen Plans, Premium & NRI Plans, Diabetes & Hypertension Plans, and more.
Final Words
Niva Bupa Health Insurance Company Ltd is a large-cap insurance sector company. Recently, the company started showing annual net profit from the last 2 years, before this the company was loss-making. In the sector, there are many major players and tough competitors. As of 11 Nov 2024, the Niva Bupa IPO GMP (grey market premium) is trading at Rs. 3.