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 1.90x on its last day till 05.00 PM on 11th November.
- Niva Bupa Health IPO subscription QIB investors portion is 2.17x times, while NII subscribed 0.71x times and RII investors subscribed 2.88x times.
- The company has received bids for 31,13,62,800 shares against 16,35,13,515 shares on offer on the last day.
- Niva Bupa Health IPO Subscribed over 1.90x on day 3.
- Niva Bupa Health IPO Subscribed over 1.24x on day 2.
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 Monday, November 11. That indicates the IPO is trading at ₹74 with ₹0 premium in the grey market against the issue price of ₹74.
