Niva Bupa Health Insurance Company Ltd Share Price – NSE /  BSE

Insurance, Small Cap

Niva Bupa Health Insurance Company will hold a meeting of the Board of Directors of the Company on 25 November 2024

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The scrip was listed at Rs 78.50, exhibiting a premium of 6.08% to the issue price.

So far, the stock has hit a high of 80.94 and a low of 75.08. On the BSE, over 14.86 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Niva Bupa Health Insurance company was subscribed 1.80 times.The issue opened for bidding on 7 November 2024 and it closed on 11 November 2024. The price band of the IPO was fixed between Rs 70 to 74 per share.

The initial public offer (IPO) consisted of fresh issue of equity shares upto Rs 800 crore and an offer for sale of Rs 1400 crore from promoters Bupa Singapore Holdings Pte (Rs 350 crore) and Fettle Tone LLP (Rs 1,050 crore).

The company proposed to utilize the net proceeds from the fresh issue towards augmentation of its capital base to maintain and strengthen its solvency levels by investing in instruments and in the manner prescribed under the IRDAI Regulations.

The issue will also bring the benefits of listing the equity shares on the stock exchanges, including enhancing brand image among existing and potential customers and creation of a public market for the equity shares in India.

Ahead of the IPO, Niva Bupa Health Insurance Company on Wednesday, 6 November 2024 raised Rs 989.99 crore from anchor investors. The board allotted 13.37 crore shares at Rs 74 each to 32 anchor investors.

Niva Bupa Health Insurance Company incorporated in September 2008 is the third largest and the second fastest growing standalone health insurer (SAHI) in India based on overall health gross direct premium income (GDPI) of Rs 5,494.43 crore in FY24. There are 7 IRDAI-recognized SAHIs in India. The company is also the fourth largest player within the overall retail health insurance with a market share of 9.10% in FY24.

Gross Written Premium (GWP) of Niva Bupa grew at a strong CAGR of 41.27% in the last three years ended FY24, which is almost double of the industry’s average of 21.4%. Retail health GWP also grew at a strong CAGR of 33.41%. The company has continued to gain market share in the Indian SAHI market to 17.29% in April-August 2024 from 16.24% in FY24, 15.58% in FY23 and 13.87% in FY22 based on retail health GDPI.

The firm reported a net loss of Rs 18.82 crore and total income of Rs 72.63 crore for the three months ended on 30 June 2024.

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The frontline indices traded with limited losses in mid-morning trade. The Nifty slipped below the 24,150 mark. PSU bank shares extended losses for the second consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex declined 108.15 points or 0.14% to 79,430.72. The Nifty 50 index lost 52.55 points or 0.22% to 24,146.80.

In the broader market, the S&P BSE Mid-Cap index fell 0.76% and the S&P BSE Small-Cap index declined 0.91%.

The market breadth was negative. On the BSE, 1,543 shares rose and 2,209 shares fell. A total of 129 shares were unchanged.

IPO Update:

The initial public offer (IPO) of Niva Bupa Health Insurance Company received bids for 12,18,29,800 shares as against 17,28,57,143 shares on offer, according to stock exchange data at 11:15 IST on Friday (08 November 2024). The issue was subscribed 0.70 times.

The issue opened for bidding on Thursday (07 November 2024) and it will close on Monday (11 November 2024). The price band of the IPO is fixed between Rs 70 to Rs 74 per share. An investor can bid for a minimum of 200 equity shares and in multiples thereof.

The initial public offer (IPO) of ACME Solar Holdings received bids for 4,48,92,699 shares as against 5,82,03,223 shares on offer, according to stock exchange data at 11:15 IST on Friday (08 November 2024). The issue was subscribed 0.77 times.

The issue opened for bidding on Wednesday (06 November 2024) and it will close on Friday (08 November 2024). The price band of the IPO is fixed between Rs 275 to Rs 289 per share. An investor can bid for a minimum of 51 equity shares and in multiples thereof.

The initial public offer (IPO) of Swiggy received bids for 8,01,27,180 shares as against 16,01,09,703 shares on offer, according to stock exchange data at 11:15 IST on Friday (08 November 2024). The issue was subscribed 0.50 times.

The issue opened for bidding on Wednesday (06 November 2024) and it will close on Friday (08 November 2024). The price band of the IPO is fixed between Rs 371 to Rs 390 per share. An investor can bid for a minimum of 38 equity shares and in multiples thereof.

Buzzing Index:

The Nifty PSU Bank index slipped 1.55% to 6,873.25. The index fell 1.56% in two consecutive trading sessions.

Indian Bank (down 2.19%), Punjab & Sind Bank (down 2.17%), Bank of Baroda (down 2.11%), Union Bank of India (down 1.85%), Indian Overseas Bank (down 1.7%), UCO Bank (down 1.63%), Central Bank of India (down 1.54%), Punjab National Bank (down 1.51%), Bank of India (down 1.38%) and State Bank of India (down 1.08%) declined.

Stocks in Spotlight:

Gujarat State Petronet (GSPL) declined 2.27% after the company's net profit slipped 26.83% to Rs 389.29 crore on 51.27% fall in revenue from operations to Rs 257.96 crore in Q2 FY25 over Q2 FY24.

NHPC slipped 2.61% after the company reported 41.19% decline in consolidated net profit to Rs 908.97 crore in Q2 FY25 from Rs 1,545.85 crore recorded in Q2 FY24. However, revenue from operations rose 4.11% year on year (YoY) to Rs 3,051.93 crore in the quarter ended 30 September 2024.

G R Infraprojects lost 1.24% after the company's consolidated net profit shed 11% to Rs 193.28 crore on 25.94% fall in revenue from operations to Rs 1,394.33 crore in Q2 FY25 over Q2 FY24.

Global Markets:

Asian stocks traded mixed on Friday despite stocks, bonds, and commodities rallied in the US following a Federal Reserve interest rate cut by 25 basis points to a range of 4.5% to 4.75% on Thursday, a move that was widely anticipated.

Fed Chair Jerome Powell stated that the recent presidential election outcome would have no immediate impact on monetary policy. He emphasized that the Fed will continue to rely on a data-driven approach for future decisions, noting that inflation is cooling as expected, while economic growth remains strong.

In Europe, the Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget. The Monetary Policy Committee voted 8-1 to cut interest rates to 4.75% from 5%.

Investors are now focused on China, where a legislative meeting is concluding and may result in new stimulus measures. While Trump's victory has introduced tariff concerns for China and other developing economies, optimism remains high that Chinese authorities will announce measures to counter potential trade impacts from the US.

In the US, stock indices mostly gained on Thursday, extending the recent rally spurred by Trump’s victory. The S&P 500 rose 0.74% to a record 5,973.10 points, and the NASDAQ Composite climbed 1.51% to reach a record 19,269.36 points. The Dow Jones Industrial Average remained flat at 43,729.34 points but stayed close to a record high.

Trump's victory, coupled with a Republican majority in Congress, suggests fewer obstacles for the 47th President in enacting significant policy reforms. He is expected to pursue a looser fiscal policy, while his protectionist trade and immigration stances are anticipated to strengthen the dollar.

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