Niva Bupa IPO Listing Date: Key things you need to know before it debuts on NSE and BSE

Niva Bupa IPO Listing Date: Shares of Niva Bupa Health Insurance Company Ltd are ready to make their Dalal Street debut on Thursday, November 14. The initial share share, which had a price band of ₹70-₹74 per share, was subscribed 1.80 times. As the listing is just a day away, here are key things you should be aware of.

Niva Bupa IPO: Subscription status

Retail investors led the demand, subscribing 2.73 times the quota allotted. The part for qualified institutional buyers (QIBs) fetched 2.06 times the subscription, while the non-institutional investors (NIIs) category attracted 68% subscription.

Niva Bupa IPO: Objective

The ₹2,200 crore public offer is an issue of new shares valued at ₹800 crore and an offer-for-sale by promoters worth ₹1,400 crore.

The proceeds from the fresh issue will be used to augment the company's capital base and general corporate purposes.

Niva Bupa IPO: Listing date and time

Shares of Niva Bupa Health Insurance Company Ltd, formerly Max Bupa Health Insurance Company, will be listed on the NSE and the BSE on Thursday, November 14, at 10 a.m.

Niva Bupa IPO: Financials

In the financial year 2023-24, the health insurance firm reported a 37.6% jump in its revenue from operations to ₹5,607 crore compared to ₹4,073 crore in the previous fiscal.

The net profit increased 554.4% to ₹81.8 crore in FY24 against ₹12.5 crore in FY23.

In the first quarter of FY25, the revenue stood at ₹1,461 crore. The company reported a net loss of ₹18.8 crore in the same period.

Niva Bupa Health Insurance Company is among the largest and fastest-growing standalone health insurance companies in India. It offers health insurance products and services and healthcare solutions like diagnostics, annual health check-ups, digital consultations, and health education content.