Markets / IPO / Niva Bupa Health Insurance Company

Niva Bupa Health Insurance Company IPO

Updated 18:58

Mainboard IPO on NSE and BSE · General Insurance

Status

Listed

Price band

₹70–74

Lot size

200 shares · ₹14,800

Subscribed

1.80×

How it listed

Issue price

₹74

Listing price (open)

₹78.14 +5.59%

First-day close

₹74.02 +0.03%

Price now

₹76.08 +2.81%

Listing day	14 Nov 2024
Open / high / low / close	₹78.14 / ₹81.00 / ₹73.51 / ₹74.02
Shares traded on NSE	3,88,62,503

Closing prices since listing: 26 Oct ₹70.88, 27 Oct ₹71.54, 28 Oct ₹72.78, 29 Oct ₹72.82, 30 Oct ₹72.65, 2 Nov ₹74.10, 3 Nov ₹73.35, 4 Nov ₹77.14, 5 Nov ₹76.76, 6 Nov ₹75.85.

Niva Bupa Health Insurance Company share price, live chart and technicals →

Key dates

Bidding opens	7 Nov 2024
Bidding closes	11 Nov 2024
Allotment	12 Nov 2024
Refunds and shares in demat	13 Nov 2024
Listing	14 Nov 2024

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Anchor investors	13,37,83,783	43.63%	–
Institutions (QIB)	9,42,85,715	30.75%	–
HNI / NII	4,71,42,857	15.37%	–
HNI, above ₹10 lakh	3,14,28,572	10.25%	2,310
HNI, ₹2–10 lakh	1,57,14,285	5.12%	5,612
Retail	3,14,28,571	10.25%	1,57,142

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	200	₹14,800
Retail (maximum)	13	2,600	₹1,92,400
Small HNI (minimum)	14	2,800	₹2,07,200
Small HNI (maximum)	67	13,400	₹9,91,600
Big HNI (minimum)	68	13,600	₹10,06,400

At ₹74 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 3

Retail allotments available

1,57,142 × one lot

Retail portion subscribed

2.73×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	9,42,85,715	19,38,48,200	2.06×
HNI / NII	4,71,42,857	3,18,22,400	0.68×
HNI, above ₹10 lakh	3,14,28,572	2,08,18,400	0.66×
HNI, ₹2–10 lakh	1,57,14,285	1,10,04,000	0.70×
Retail	3,14,28,571	8,57,02,600	2.73×
Total	17,28,57,143	31,13,73,200	1.80×

NSE and BSE bids together, as of 11 Nov 2024 19:00.

Demand at each price

Top price ₹74	2,340.56 lakh shares	75.0%
Cut-off final price, whatever it is; mostly retail	757.07 lakh shares	24.3%
Lower prices ₹70–73	22.10 lakh shares	0.7%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	6 Nov 2024
Anchor shares	13,37,83,783
Raised from anchors	₹990.00 cr
Lock-in ends for the first 50% (30 days)	11 Dec 2024
Lock-in ends for the remaining 50% (90 days)	9 Feb 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

Financial results appear here once the company files them with NSE, usually within a few weeks of listing. Until then, the red herring prospectus has the company's past financials.

IPO details

Price band	₹70–74
Final issue price	₹74
Lot size	200 shares
Minimum investment	₹14,800 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	Re.10 per Equity Share
Industry	General Insurance
Issue size	Initial Public Offer of Fresh Issue of up to 8000 millions and Offer for Sale up to 14,000 millions and Anchor Allocation 13,37,83,783 Equity Shares
ISIN	INE995S01015
Registrar	KFin Technologies Limited Helpline: +91 40 6716 2222, nivabupa.ipo@kfintech.com
Lead managers	ICICI Securities Limited, Axis Capital Limited,HDFC Bank Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and Motilal Oswal Investment Advisors Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 12 Nov 2024. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Niva Bupa Health Insurance Company IPO price band and lot size?

The price band is ₹70–74 per share, and one lot is 200 shares (₹14,800 at the upper price).

When is the Niva Bupa Health Insurance Company IPO allotment date?

Allotment was finalised on 12 Nov 2024, the next working day after bidding closed on 11 Nov 2024.

How many times was the Niva Bupa Health Insurance Company IPO subscribed?

In total 1.80 times, on NSE and BSE together; retail 2.73 times.

What is the Niva Bupa Health Insurance Company IPO listing date?

It listed on 14 Nov 2024 on NSE and BSE.

What is the chance of getting Niva Bupa Health Insurance Company IPO shares?

At least 1 in 3 retail applicants got the minimum lot: 1,57,142 retail allotments with the retail portion subscribed 2.73 times. Winners are picked by lottery.

When does the Niva Bupa Health Insurance Company anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 11 Dec 2024 and the 90-day lock-in on the rest ends on 9 Feb 2025; they can sell from the next trading day.

What was the Niva Bupa Health Insurance Company listing gain?

It opened at ₹78.14 against an issue price of ₹74, a gain of 5.59%. It is now up 2.81% from the issue price.