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Unlisted shares of Niva Bupa Health Insurance Ltd continue to trade at zero GMP, indicating a flat or discount listing on November 14. It is lower than the Rs 3 GMP recorded in the morning.
Niva Bupa Health Insurance IPO Allotment.
Niva Bupa Health Insurance IPO Allotment Status: The initial public offer of Niva Bupa Health Insurance Company Ltd, formerly Max Bupa Health Insurance Company, concluded on Monday and received a 1.90 times subscription on the final day of bidding. The IPO allotment is set to be finalised on Tuesday. Investors will start receiving bank debit messages in the late evening. Here’s a step-by-step guide to check the Niva Bupa Health Insurance IPO allotment status:
The initial public offering got bids for 31,13,62,800 shares as against the 16,35,13,515 shares on offer. The portion for qualified institutional buyers (QIBs) was subscribed by 2.17 times, while the category for retail individual investors (RIIs) received 2.88 times subscription. Non-institutional investors part fetched 0.71 times subscriptions.
The issue, with a price band of Rs 70-74 per share, was opened on November 7 and concluded on November 11.
Though IPO allotment will be finalised on Tuesday, November 12; its listing will take place on both BSE and NSE on Thursday, November 14.
The IPO allotment can be on the websites of BSE and NSE, as well as its registrar Kfin Technologies’ portal.
Niva Bupa Health Insurance IPO: How to Check Allotment Status?
Once the IPO allotment is finalised, the status can be checked by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Niva Bupa Health Insurance Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Kfin Technologies Ltd’s portal — and check the Niva Bupa Health Insurance IPO allotment status.
Niva Bupa Health Insurance IPO GMP Today
According to market observers, unlisted shares of Niva Bupa Health Insurance Ltd continue to trade at zero GMP, indicating a flat or discount listing on November 14. It is lower than the Rs 3 GMP recorded in the morning.
The GMP is based on market sentiments and keeps changing. It is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Niva Bupa Health Insurance IPO: More Details
The IPO comprises a fresh issuance of equity shares worth Rs 800 crore and an offer-for-sale of Rs 1,400 crore worth shares by promoters.
Niva Bupa Health Insurance Company had mobilised Rs 990 crore from anchor investors.
As the IPO will be opened for public subscription between November 7-11, the allotment will be finalised on November 12. The share listing will likely take place on November 14.
The anchor book will be opened for institutional investors on November 6.
The Rs 2,200-crore IPO also comprises an offer-for-sale of Rs 1,400 crore worth shares by promoters. Through this, promoters Bupa Singapore Holdings Pte, and global private equity firm True North-owned Fettle Tone LLP will be selling Rs 350 crore, and Rs 1,050 crore worth shares.
Promoters hold 89.07 per cent shareholding in the company, including Bupa Singapore Holdings Pte’s 62.19 per cent stake, and Fettle Tone LLP 26.80 per cent.
Amongst public shareholders, India Business Excellence Fund IV is the biggest shareholder with 2.81 per cent stake, followed by V-Sciences Investments Pte (2.60 per cent), SBI Life Insurance Company (1.3 per cent), and A91 Emerging Fund II LLP (1.03 per cent).
Niva Bupa Health Insurance & Its Financials
Niva Bupa Health Insurance is a Gurugram-based private health insurer. It had a market share of 17.29 per cent in the Indian SAHI market in the current fiscal 2025, increasing from 16.24 percent in the previous fiscal 2024, based on retail health GDPI.
It is India’s third-largest standalone health insurer (SAHI) and the second-fastest growing, driven by a Gross Direct Premium Income (GDPI) of Rs 5,494 crore for fiscal 2024.
On the financials front, the company recorded a net profit of Rs 81.85 crore in the financial year 2023-24, a jump from Rs 12.5 crore in the previous fiscal. However, its operating profit dropped sharply to Rs 188 crore from Rs 350.9 crore during the same period.
The insurance compnay has posted loss of Rs 18.8 crore in the three-month period ended June 2024, narrowing from loss of Rs 72.2 crore in the year-ago period, however, its operating profit stood at Rs 23.2 crore against operating loss of Rs 13.4 crore in the same period.
