Niva Bupa Health Insurance Company IPO
Niva Bupa Health Insurance Company Limited (NIVABUPA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 14 November 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +1.3% (likely range -7% to +8%), day's high +14.2%, chance of a gain 50%. Actual: +5.6% at the open, +9.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 9,42,85,715 | 19,38,48,200 | 2.06x | |
| NII (HNI) total | 4,71,42,857 | 3,18,22,400 | 0.68x | |
| Big NII (above ₹10 lakh) | 3,14,28,572 | 2,08,18,400 | 0.66x | |
| Small NII (₹2-10 lakh) | 1,57,14,285 | 1,10,04,000 | 0.70x | |
| Retail | 3,14,28,571 | 8,57,02,600 | 2.73x | |
| Total | 17,28,57,143 | 31,13,73,200 | 1.80x |
Bids on NSE and BSE together, as published by NSE, as of 11 Nov 2024, 07:00 PM. Shares offered exclude the anchor portion. 24% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Niva Bupa Health Insurance Company's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| UTI Asset Management CompanyOct 2020 | 3.34x | 0.93x | 2.32x | 2.31x | ₹2,160 Cr | -9.8% | -4.3% |
| ACME Solar HoldingsNov 2024 | 3.54x | 0.97x | 3.10x | 2.75x | ₹3,049 Cr | -13.2% | -4.5% |
| CMS Info SystemsDec 2021 | 1.98x | 1.45x | 2.15x | 1.95x | ₹1,159 Cr | +1.9% | +20.2% |
| Tejas NetworksJun 2017 | 2.16x | 0.48x | 3.10x | 1.88x | ₹803 Cr | 0.0% | +5.6% |
| Bharat DynamicsMar 2018 | 1.50x | 0.50x | 1.41x | 1.30x | ₹1,667 Cr | -13.6% | -5.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Axis Capital | 107 | +20.4% | 73% |
| HDFC Bank | 16 | +15.8% | 75% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the Niva Bupa Health Insurance Company IPO price band and lot size? ₹70.0–74.0 per share, with a lot of 200 shares, so the smallest retail bid is ₹14,800.
How many times has it been subscribed? 1.80x overall: QIB 2.06x, NII 0.68x, retail 2.73x.
How did it list? It opened at ₹78.1, +5.6% against the issue price of ₹74.0, and closed its first day +0.0%.
