Market News
Niva Bupa Share Price Highlights: Stock settles 5.3% lower after listing at 5.5% premium on NSE
.png)
5 min read | Updated on November 14, 2024, 15:35 IST
SUMMARY
Niva Bupa Share Price Highlights: Shares of Niva Bupa Health Insurance Company were listed at ₹78.14 apiece on the NSE on Thursday, November 14, a premium of 5.59% to the issue price of ₹74 per share.
The ₹2,200-crore Niva Bupa IPO was a combination of fresh issuance worth ₹800 crore and an offer for sale of ₹1,400 crore.
Niva Bupa Share Price Live Update at 3:35 pm: Niva Bupa Health Insurance Company shares settled 5.29% lower at ₹74 apiece after listing at a 5.5% premium on the NSE.
Niva Bupa Share Price Live Update at 2:54 pm: The market capitalisation of Niva Bupa Health Insurance Company stands at ₹13,558.36 crore as shares are down 5% on the National Stock Exchange.
Niva Bupa Share Price Live Update at 2:18 pm: Shares of Niva Bupa Health Insurance Company are down 4.85% to ₹74.35 apiece on the NSE.
Niva Bupa Share Price Live Update at 1:48 pm: Trading stats
- Traded volume: 339.92 lakh
- Traded value: ₹260.45 crore
- Total market capitalisation: ₹13,764.82 crore
Niva Bupa Share Price Live Update at 1:08 pm: Price information
- Current price: ₹75.55 (-3.31%)
- Issue price: ₹74
- Open: ₹78.14
- High: ₹81
- Low: ₹73.51
Niva Bupa Share Price Live Update at 12:36 pm: Management
- Krishnan Ramachandran, Managing Director and Chief Executive Officer
- Vishwanath Mahendra, Chief Financial Officer
- Ankur Kharbanda, Chief Distribution Officer
- Dr Bhabatosh Mishra, Director-Claims, Underwriting and Product
- Padmesh Nair, Director- Operations and Customer Service
- Tarun Katyal, Director and Chief Human Resources Officer
- Partha Banerjee, Director and Head –Legal
- Nimish Agrawal, Executive Vice President and Head of Marketing
- Dhiresh Rustogi, Director and Chief Technology Officer
- Vikas Jain, Executive Vice President and Chief Investment Officer
- Manish Sen, Senior Vice President and Appointed Actuary
- Smriti Manchanda, Senior Vice President and the Head Internal Audit
- Joanne Elizabeth Woods, Chief Risk Officer and Senior Vice President
- Rajat Sharma, Company Secretary and Compliance Officer
Niva Bupa Share Price Live Update at 12:06 pm: The stock is down 3.28% to ₹75.58 aunit on the NSE.
Niva Bupa Share Price Live Update at 11:22 am: Shares of Niva Bupa Health Insurance Company declined 5.3% to ₹74 on the NSE.
Niva Bupa Share Price Live Update at 11:06 am: Trading stats
- Traded volume: 244.94 lakh
- Traded value: ₹189.31 crore
- Total market capitalisation: ₹13,810.49 crore
Niva Bupa Share Price Live Update at 10:47 am: Price information
- Current price: ₹75.74 (-3.07%)
- Issue price: ₹74
- Open: ₹78.14
- High: ₹81
- Low: ₹75.11
Niva Bupa Share Price Live Update at 10:32 am: The company's market capitalisation stands at ₹14,026.08 crore, and shares are trading at ₹76.83 apiece, down 1.68%.
Niva Bupa Share Price Live Update at 10:16 am: Shares of Niva Bupa Health Insurance Company Ltd declined 3.5% to ₹75.39 apiece on the NSE after listing at a 5.5% premium.
Niva Bupa Share Price Live Update at 10:03 am: Following listing at a 5.59% premium, Niva Bupa's shares declined 1.45% to ₹77 per share on the NSE.
Niva Bupa Share Price Live Update at 9:50 am: The stock opened at a premium of 6.08% at ₹78.50 per share on the BSE.
Niva Bupa Share Price Live Update at 9:43 am: Niva Bupa shares listed at ₹78.14 apiece on the NSE on Thursday, November 14, a premium of 5.59% to the issue price of ₹74 a unit.
Niva Bupa IPO Listing Live Update at 9:23 am: Board of Directors
- Chandrashekhar Bhaskar Bhave, Chairman and Independent Director
- Pradeep Pant, Independent Director
- David Martin Fletcher, Non-Executive Director and nominee of Bupa Singapore Holdings Pte. Ltd
- Divya Sehgal, Non-Executive Director and nominee of Fettle Tone LLP
- Krishnan Ramachandran, Managing Director and Chief Executive Officer
- Maninder Singh Juneja, Non-Executive Director and nominee of Fettle Tone LLP
- Penelope Ruth Dudley, Non-Executive Nominee Director and nominee of Bupa Singapore Holdings Pte. Ltd
- Geeta Dutta Goel, Independent Director
- Carlos Antonio Jaureguizar Ruiz Jarabo, Non-Executive Director and nominee of Bupa Singapore Holdings Pte. Ltd
Niva Bupa IPO Listing Live Update at 9:18 am: Financials
| Particulars | FY23 | FY24 | Q1FY25 |
|---|---|---|---|
| Revenue | ₹ 4,073 crore | ₹ 5,607 crore | ₹ 1,461 crore |
| Net Profit | ₹ 12.5 crore | ₹ 81.8 crore | ₹ -18.8 crore |
Niva Bupa IPO Listing LIVE: Shares of Niva Bupa Health Insurance Company Ltd will be listed on the BSE and the NSE on Thursday, November 14.
The ₹2,200 crore initial share sale, with a price band of ₹70-₹74 per share, received bids for 31,13,62,800 equity shares against 17,28,57,143 shares on offer, leading to a total subscription of 1.80 times.
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 2.06 |
| Non-institutional Investors | 68% |
| Retail Individual Investors (RIIs) | 2.73 |
| Total | 3.59 |
Prior to the public offer, the company had collected ₹990 crore from anchor investors.
Niva Bupa IPO was a mix of fresh issuance worth ₹800 crore and an offer for sale of ₹1,400 crore.
The money generated will be used to augment capital base and general corporate purposes.
Niva Bupa IPO Listing Date: Key things you need to know before it debuts on NSE and BSE
Niva Bupa IPO listing date and time
Niva Bupa shares will be listed on the NSE and the BSE on Thursday at 10 am.
To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.
About The Author
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.
Next Story
