The grey market premium for Niva Bupa Health Insurance's IPO indicates a lackluster response from investors. With the GMP currently at nil, it appears that investors are not anticipating any significant listing gains. The company aims to raise Rs 2,200 crore through this IPO, with shares set to list on the Bombay Stock Exchange and National Stock Exchange on Nov. 14. However, investors should exercise caution and seek financial advice before investing in this IPO, as it is subject to market risks.
With an initial public offering (IPO) scheduled to open on November 7, Niva Bupa Health Insurance is looking to raise Rs 2,200 crore from the market. The joint venture between Bupa Group and Fettle Tone LLP has set the price band for its shares at Rs 70 to Rs 74 each and aims to use the proceeds to strengthen its capital base and enhance solvency levels. With strong growth reported in revenue and profits, this IPO presents a promising opportunity for investors.