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 listed at Rs 78.50 on the Bombay Stock Exchange at a premium of 6.08%. The stock was listed at Rs 78.14 per share on the NSE against the isssue price of Rs 74, a premium of 5.59%.
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd said that Niva Bupa has shown strong growth and a positive turnaround in recent years, the short-term performance concerns and the IPO’s pricing seemed to have tempered investor enthusiasm.
“Investors who participated in the IPO can consider holding their shares, but should closely monitor the company’s performance and the broader market conditions. New investors may want to wait for a clearer picture of the company’s future trajectory before investing,” she added.
