Niva Bupa shares list at 6% premium over IPO price
“Investors who participated in the IPO can consider holding their shares, but should closely monitor the company's performance,” says Shivani Nyati of Swastika Investmart.
“Investors who participated in the IPO can consider holding their shares, but should closely monitor the company's performance,” says Shivani Nyati of Swastika Investmart.
The grey market premium (GMP) of the health insurance company has fallen to zero from ₹3 after the IPO received tepid response from investors.
The ₹2,200 crore IPO of the health insurer, formerly known as Max Bupa, will close on November 11.
Retail health insurer Niva Bupa aims to raise up to ₹2,200 crore through its maiden IPO, combining fresh issuance and an offer for sale
Zomato rival Swiggy is expected to launch its IPO in the first week of November.
Niva Bupa Health Insurance had filed its DRHP with the SEBI on June 29 this year, while Paras Healthcare submitted IPO papers on July 31.