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Niva Bupa Health Insurance Company IPO Listing: Niva Bupa Health Insurance has been listed in the stock market on Thursday, November 14. Its shares have been listed at a premium i.e. profit. On BSE, the company's shares have been listed at Rs 78.50 with a gain of Rs 4.50 or 6.08 percent compared to the IPO price (Rs 74). On the other hand, its listing on NSE has been done at Rs 78.14 with a gain of Rs 4.14 or 5.59 percent.
How was the IPO
Niva Bupa's IPO was subscribed 1.90 times overall, with the retail segment being subscribed nearly 2.88 times. The price band of shares in the IPO was Rs 70-74. Niva Bupa Health Insurance's IPO was a book built issue with fresh issuance of 10.81 crore shares, aggregating to Rs 800 crore.
At the same time, 18.92 crore shares were sold through an offer for a book-built value value of Rs a 1400 crore. The total issue size is Rs 2,200.00 crore.
Niva Bupa is a joint venture company. Started in 2008, Niva Bupa Health Insurance Company is a joint venture company between Bupa Group and Fetal Tone LLP that provides insurance services in the health sector.
It provides customers access to a large health ecosystem and service capabilities through its Niva Bupa Health mobile application and website.
ICICI Securities, Kotak Mahindra Capital, Morgan Stanley India, Axis Capital, HDFC Bank and Motilal Oswal Investment Advisors were the book running lead managers for Niva Bupa Health Insurance IPO.
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