Niva Bupa Health Insurance shares list at ₹78.14 on NSE, a premium of 5.5% from IPO price
Niva Bupa Health Insurance IPO listing: Niva Bupa Health Insurance shares made a decent debut on the bourses on Thursday, November 14 as they listed at ₹78.14 on NSE, a premium of 5.5 percent over the issue price of ₹74. Meanwhile, on BSE, it listed at ₹78.5, up 6.08 percent from IPO price.
Niva Bupa’s initial public offering (IPO), valued at ₹2,200 crore, was open for subscription from November 7 to November 11. The health insurance services provider’s shares were priced in the range of ₹70-74 per share for the issue.
Following the three days of bidding, Niva Bupa IPO closed with strong demand, garnering 1.9 times bids. The IPO received bids for 31.13 crore shares against 16.3 crore shares on offer. The retail investor…
