Niva Bupa Share Price: Niva Bupa Healthcare shares list at 6% premium over IPO price
Niva Bupa Healthcare shares debuted on the exchanges on Thursday, listing at Rs 78.5 on the BSE, a 6.1% premium over its issue price of Rs 74. The stock also got listed on NSE at Rs 78.1.
Driven by a robust demand from retail investors, the IPO of Niva Bupa Healthcare sailed through on the last day of the bidding process.
Niva Bupa is the second standalone health insurer (SAHI) to eye at the Indian bourses through IPO, after Star Health & Allied Insurance Company.
It is India’s third largest and second fastest growing SAHI based on an overall Health GDPI of Rs 5,494 crore in fiscal 2024, which grew at a CAGR of 41.37% from FY 2022 to 2024. It boasts a Gross Direct Written Premium (GDPI) of Rs 5,499.43 crore in fiscal 2024.
The company…
