Niva Bupa Health Insurance IPO: The company reported the following consolidated figures

Niva Bupa Health Insurance IPO: On November 7, 2024, Niva Bupa Health Insurance Limited’s first public offering (IPO) was released to the Indian main market. Until November 11, 2024, the public issue will be available. This implies that the Niva Bupa Health Insurance IPO application deadline is only one day. The public offering of Niva Bupa Health Insurance has been oversubscribed, based on the IPO subscription status. During the first two days of bidding, 1.17 subscriptions were made to the book construction problem. In the meanwhile, shares of Niva Bupa Health Insurance are still rising on the gray market.

Today’s IPO GMP for Niva Bupa Health Insurance

Stock market watchers claim that the Niva Bupa Health Insurance IPO GMP (Grey Market Premium) for today is ₹5, which is the same as the GMP for the IPO over the weekend. According to market watchers, a trend reversal on Dalal Street might boost sentiment in the gray market. However, they pointed out that Niva Bupa Health Insurance IPO GMP has been positive, which is favorable from the standpoint of the public issue, despite the range-bound trend and cautious attitude maintained in the secondary market.

Subscription status for Niva Bupa Health Insurance’s IPO

The public issue had been subscribed 1.68 times, the retail section 2.54 times, the NII component booked 0.65 times, and the QIB segment 1.90 times by 3:18 PM on the third day of bidding.

Review of the Niva Bupa Health Insurance IPO

“With regard to financial performance, Niva Bupa Health Insurance Co. Ltd. (NBHICL) has reported the following consolidated figures: a gross written premium (GWP) / net profit (loss) of ₹2809.97 crore / ₹-196.53 crore (FY22), ₹4073.03 crore / ₹12.54 crore (FY23), and ₹5607.57 crore / ₹81.85 crore (FY24).” Bajaj Capital assigns the’subscribe for the long term’ tag. With a GWP of ₹1464.18 crore, the firm reported a loss of ₹-18.82 crore for the first quarter of FY25, which ended on June 30, 2024. Insurance firms often have a slow first half of the fiscal year, with the majority of their activity taking place in the second half.

Canara Bank Securities also placed a “subscribe” tag on the book building problem and stated, “According to the Redseer Report, they have a diversified channel mix with corporate agents (banks and others), individual agents and broker channels contributing 27.25%, 32.07% and 27.04% respectively of their business by GDPI for Fiscal 2024 respectively, as compared to over 50% contribution of the individual agents channel to overall GDPI of SAHIs in Fiscal 2024.”