Niva Bupa Health IPO subscription started on Thursday, November 7, and will close on November 11 as per the schedule. The price band is set at ₹70 to ₹74 per share with a face value of ₹10.
Niva Bupa Health IPO Subscription Status
Niva Bupa Health IPO Subscribed over 0.69x on its first day till 05.00 PM on 7th November.
- Niva Bupa Health IPO subscription QIB investors portion is 0.83x times, while NII subscribed 0.35x times and RII investors subscribed 0.75x times.
- The company has received bids for 11,21,20,600 shares against 16,35,13,515 shares on offer on the first day.
- Niva Bupa Health IPO Subscribed over 0.69x on day 1.
About Niva Bupa Health IPO
Niva Bupa was founded in 2008 and is well-known as one of the largest and fastest service providers in the healthcare sector, offering advanced products and services. They aim to create a health insurance platform of choice for customers in India and offer their customers a complete health ecosystem through the ‘Niva Bupa Health’ mobile app and website, providing a wide range of services and benefits for a holistic experience. Further, it has good financial performance as FY 31 March 2024 revenue is 4,118.63 CR and Asset is 3,232.62 CR, while PAT(Profit After Tax) increased by 552.73% between 2023 and 2024. The company is going to raise funds through an IPO of around 2,200 crore which is a combination of fresh issues of ₹800 crore and offers for sale up to 1,400 crores with face value of ₹10 each.
Niva Bupa Health IPO Company Financial Report
The company reported revenue of ₹328.73 crores in 2024 against ₹413.07 crore in 2023. The company reported a profit of ₹81.85 crores in 2024 against a profit of ₹12.54 crores in 2023.
Niva Bupa Health IPO GMP:
Niva Bupa Health IPO GMP was ₹0 as of Thursday, November 7. That indicates the IPO is trading at ₹74 with ₹0 premium in the grey market against the issue price of ₹74.
