Niva Bupa Health Insurance sold its shares in the price band of Rs 70-74 apiece, which could apply for a minimum of 200 shares and its multiples thereafter to raise a total of Rs 2,200 crore.

Niva Bupa Health Insurance IPO is all set to list on November 13. The IPO was subscribed to a total of 1.9 times while the retail portion was booked 2.88 times. The stock of Niva Bupa was neither fetching a premium nor a discount from the grey market, indicating a lacklustre debut for the stock on the bourses.

Niva Bupa Health Insurance sold its shares in the price band of Rs 70-74 apiece, which could apply for a minimum of 200 shares and its multiples thereafter to raise a total of Rs 2,200 crore.

Swiggy shares made a decent debut on the stock exchanges, beating grey market estimates as they began trading on the NSE with a 7.69% premium above their IPO price of Rs 390, opening at Rs 420. On the BSE, the stock debuted at Rs 412, marking a 5.64% premium.

Investors who participated in the IPO can consider holding their shares, but should closely monitor company's performance,” says Nyati of Swastika Investmart.

Shares of Niva Bupa Health Insurance Company Limited made a decent start on the Dalal Street as its shares listed at a premium of 6% on Thursday. Shares of Niva Bupa opened at Rs 78.50 on the Bombay Stock Exchange at a premium of 6.

Niva Bupa hit the bourses on a lacklustre note, listing at Rs 78.14 on the NSE, a premium of 5.5% to the issue price. The IPO was subscribed 1.9 times while the retail segment booked the issue 2.8 times and QIBs 2.

Niva Bupa shares make a decent stock market debut on exchanges after a heathy subscription of 1.80 times to its Rs 2,200-crore issue.