In this post, we will learn about the Niva Bupa Health Insurance Company Limited IPO: Should you apply for this IPO? What is the subscription status? What does the company do? What is today’s GMP (Gray Market Premium), and how to check the allotment?
About the Company
Niva Bupa Health Insurance Company Limited is a leading health insurance provider, offering advanced and affordable health insurance plans to its customers. Its mission is to help people lead a healthy and secure life by providing accessible healthcare services. The company’s products and services are tailored specifically to meet the needs of the Indian market, addressing diverse health conditions and requirements.
Key Operations of the Company:
Health Insurance Plans – Niva Bupa offers a wide range of health insurance options, including individual, family, senior citizen, and critical illness plans, catering to various needs.
Claim Processing and Assistance – The company provides quick and hassle-free claim processing, ensuring financial support is available to customers in times of need.
Cashless Hospital Network – Niva Bupa has partnered with hospitals across India, enabling customers to avail cashless treatment.
Digital Health Services – The company has embraced digital services such as online claims, policy management, and telemedicine, making it convenient for customers to manage their healthcare needs.
Customer Service – Through its customer support team, Niva Bupa delivers high-level service and assistance, addressing policyholders’ health-related needs promptly.
Main Industry:
Niva Bupa operates primarily in the health insurance sector, but it is also strengthening its presence in digital healthcare with the goal of enhancing the customer health experience. The company’s vision is to make health insurance easy and accessible, encouraging more people to take advantage of its benefits.
In summary, Niva Bupa Health Insurance Company Limited is a dedicated health insurance provider that offers comprehensive and easy solutions to meet customers’ healthcare needs, ensuring their financial security and peace of mind.
A glimpse of Niva Bupa Health Insurance Company Limited‘s key operations
Reasons for Niva Bupa Health Insurance Company Limited‘s IPO
Niva Bupa Health Insurance Company Limited may have several key reasons for launching an Initial Public Offering (IPO). Generally, companies initiate an IPO to raise capital from investors, allowing them to expand and grow their business. For Niva Bupa Health Insurance Company Limited, the reasons for an IPO might include:
1. Raising Capital
Through the IPO, Niva Bupa Health Insurance Company Limited can gather funds from public investors, which can be utilized for new projects, building manufacturing plants, upgrading technology, and strengthening the company’s infrastructure.
2. Business Expansion
The company aims to expand its operations into more areas. Funds raised from the IPO can help Niva Bupa Health Insurance Company Limited enter new markets and serve a larger customer base.
3. Debt Repayment
Many companies use IPO proceeds to pay off old debts, which strengthens the balance sheet and supports long-term growth.
4. Enhancing Brand Credibility
Becoming a public company boosts the brand’s credibility and reliability. This instills confidence among investors and potential customers that the company is in a strong and stable financial position.
5. Dilution of Promoter’s Stake
An IPO may reduce the stake held by the company’s promoters, providing an opportunity for new investors to buy shares in the company.
Through these motivations, Niva Bupa Health Insurance Company Limited aims to achieve its future goals by launching an IPO.
IPO Amount
Niva Bupa Health Insurance Company Limited IPO is ₹ 2,200 crores.
IPO Details
- Price Range: ₹70 to ₹74 per share
- Minimum Quantity: 200 shares
- IPO Open Date: November 07, 2024
- IPO Close Date: November 11, 2024
- Basis of Allotment Finalisation Date: November 12, 2024
- Initiation of Refunds: November 13, 2024
- Credit of Shares to Demat Account: November 13, 2024
- IPO Listing Date: November 14, 2024
Based on these important dates, you can plan your investment and allotment process for the IPO accurately.
Subscription Status
You can check the IPO subscription status by visiting the NSE or BSE website. Here, you will find information on how many times this IPO has been subscribed.
As of today, November 08, Niva Bupa Health Insurance Company Limited IPO subscription status is 0.78 times.
Niva Bupa Health Insurance Company Limited IPO GMP Trend
The latest GMP (Gray Market Premium) for the Niva Bupa Health Insurance Company Limited IPO is ₹ 0. With a price band of ₹74, the estimated listing price for the Niva Bupa Health Insurance Company Limited IPO is ₹74 (issue price + today’s GMP). The expected profit/loss percentage per share is 0.00%.
What is GMP (Gray Market Premium)?
GMP is the premium at which IPO shares are traded informally in the gray market. This means that if an IPO’s GMP is high, there is a good chance of making a profit during its listing on the stock market.
How to Check Allotment?
To check your IPO allotment, you can visit the following registrar’s website of the company and enter your PAN number, application number, or Demat account number. You can also check the allotment status on the NSE and BSE websites.
You can use the following links to check the status:
Should You Apply?
It depends on what kind of investor you are. If you are a long-term investor and trust the company’s fundamentals and growth potential, this IPO might be beneficial for you. However, before investing in an IPO, you should evaluate your investment goals and risk tolerance.
Considering all these points, you can decide whether you should apply for the Niva Bupa Health Insurance Company Limited IPO or not.
