Niva Bupa Health Insurance IPO
Niva Bupa Health Insurance IPO open for bidding on 7th November 2024 and ends on 11th November 2024.
Niva Bupa Health Insurance, founded in 2008, is a prominent standalone health insurance company (SAHI) in India, dedicated to providing reliable healthcare access. As of Fiscal Year 2024, it reported a Gross Written Premium (GWP) of ₹56,075.74 million, showcasing significant growth in both retail and overall health insurance segments.
Niva Bupa delivers a comprehensive healthcare ecosystem through its Niva Bupa Health mobile app and website, offering digital consultations, diagnostics, claims management, and health tracking. Key products, like ReAssure and ReAssure 2.0, include features such as unlimited sum reinstatements and age-locked premiums, bringing unique benefits to policyholders.
The company is supported by Bupa Singapore Holdings and Bupa Investments Overseas, leveraging the global expertise of the Bupa Group, which serves over 50 million customers worldwide. This connection enhances Niva Bupa’s service quality and product offerings. With a network of over 10,000 partner hospitals and seamless cashless claims, Niva Bupa remains focused on customer-centric innovation. Its diverse product portfolio caters to Millennials, seniors, and Gen Z, making it a strong player in India’s health insurance market.
For more details refer to Niva Bupa Health Insurance IPO RHP and Niva Bupa Health Insurance IPO Pulse Score
Niva Bupa Health Insurance IPO Details
| IPO Date | 7th November 2024 to 11th November 2024 |
| Listing Date | 14th November 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹74 per share |
| Lot Size | 200 Shares |
| Total Issue Size | 30,66,40,926 shares (aggregating up to ₹2,200.00 Cr) |
| Fresh Issue | [●] shares (aggregating up to ₹800.00 Cr) |
| Offer for Sale | [●] shares of ₹10 (aggregating up to ₹1,400.00 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 13,37,83,783(43.6%) |
| QIB | 9,42,85,715(30.7%) |
| NII | 4,71,42,857(15.4%) |
| bNII | 3,14,28,572(10.2%) |
| sNII | 1,57,14,285(5.1%) |
| Retail | 3,14,28,571(10.2%) |
| Total | 30,66,40,926(100%) |
Niva Bupa Health Insurance IPO Timeline
| IPO Open | 7th November 2024 |
| IPO Close | 11th November 2024 |
| Basis Of Allotment | 12th November 2024 |
| Initiation of Refunds | 13th November 2024 |
| Credit of Shares to Demat | 13th November 2024 |
| Listing Date | 14th November 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹13,380.91 Cr | P/E Ratio- Pre IPO | 153.7 |
| RoNW* | -0.92% | P/E Ratio- Post IPO | -177.74 |
| RoCE* | P/B Ratio | 6.14 | |
| Debt to Equity | 0.12 | PAT Margin |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three months period ended June 30, 2024
Niva Bupa Health Insurance IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Augmentation of its capital base to maintain and strengthen the solvency levels
- General corporate purposes.
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