IPO market action on Nov 14: Niva Bupa makes tepid debut, Mangal Compusolution closes with strong demand & more

The primary market saw an action-packed day on Thursday, November 14, as shares of Niva Bupa Health Insurance Company made their debut on the NSE and BSE. Additionally, the Mangal Compusolution IPO was subscribed 34.64 times on the last day of bidding.

Niva Bupa Health Insurance Listing

Niva Bupa Health Insurance Company shares made a muted debut on the NSE and BSE. The stock listed at ₹78.14 apiece on the NSE, a premium of 5.5% against the issue price of ₹74 per share, and at ₹78.5 apiece, a premium of 6% on the BSE.

Niva Bupa Health Insurance Company’s shares closed at ₹74.01 apiece on the NSE, down by over 5.28% on the NSE.

Niva Bupa Health Insurance Company IPO was worth ₹2,200 crore and consisted of a fresh issuance of 10.81 crore shares, amounting to ₹800 crore along with an offer for sale of 18.92 crore shares, worth ₹1,400 crore. The issue was open for subscription from November 7 to November 11.

Mangal Compusolutions IPO Day 3

Mangal Compusolutions IPO was oversubscribed 34.64 times on the final day of subscription. Mangal Compusolutions IPO was booked 46.9 times in the retail category and 22.39 times in the NII category.

Mangal Compusolutions is worth ₹16.23 crore. The SME issue consists of an entirely fresh issuance of 36.06 lakh shares. Mangal Compusolutions IPO share allotment status is likely to be finalised on Monday, November 18. The tentative listing date for Mangal Compusolutions IPO is Wednesday, November 20. Shares of Mangal Compusolutions will list on BSE SME platform

How shares of recently listed companies trading

Three mainboard issues listed on the BSE and NSE in the week starting November 11. Here’s a look at how shares of these companies have performed since listing.

Shares of Sagility India Ltd made their debut on the BSE and NSE on Tuesday, November 12. The company’s shares were listed at ₹31.06 apiece on the BSE and NSE, at a premium of 3.5% over the issue price of ₹30. The stock declined 7.14% from its listing price in today’s trade as it closed at ₹28.84 apiece on November 14.

Swiggy Limited shares listed at ₹420 with a premium of 7.69% over the issue price of ₹390 on the NSE. The stock debuted on the BSE at ₹412 apiece with a premium of 5.64%. Shares of Swiggy Ltd gained 0.38% from the listing price to close at ₹421.6 on the NSE on November 14.

ACME Solar Holdings shares listed at ₹251 apiece at a discount of 13.15% compared to the issue price of ₹289. On the BSE the renewable energy company’s shares listed with a 10.38% discount at ₹259 apiece. In today’s trading session the stock declined 7.2% from the listing price to close at ₹232.8 apiece.

Upcoming IPOs for the next week

Investors are now waiting for the launch of NTPC Green Energy Limited's much-talked-about public offer. The mainboard issue will open for subscription on November 19. Two SME issues, Lamosaic India Limited IPO and C2C Advanced Systems Limited IPO, will open for subscription on November 21 and November 22, respectively. Additionally, shares of Neelam Linens and Garments (India) Limited and Mangal Compusolution Limited will make their D-street debut on November 18 and November 21, respectively.

On November 21, shares of Zinka Logistics Solution Limited will be listed on the BSE and NSE. On the same day, shares of Onyx Biotec Limited will be listed on the NSE SME platform Emerge.