Niva Bupa Health Insurance IPO
Open MainLineCurrent GMP
₹1 (+1.35%)
Price Band
₹ 70 – 74
Lot Size
200
Issue Size
₹2200 Cr
Minimum Investment
₹14800 (200 Shares)
Listing Date
14 November 2024
Subscription
1.8x
About the Company
Niva Bupa Health Insurance Company Limited is dedicated to empowering every Indian with access to quality healthcare through its innovative health insurance products and services. As one of India's largest and fastest-growing Standalone Health Insurers (SAHIs), it reported a Gross Direct Premium Income (GDPI) of ₹54,944.28 million in Fiscal 2024, with a remarkable growth rate of 41.27% from Fiscal 2022 to Fiscal 2024, significantly outpacing the industry average.
The company has a robust market presence, holding a 17.29% market share in the Indian SAHI market as of August 2024. Niva Bupa serves approximately 14.99 million active lives insured and focuses primarily on the retail health market, which accounted for around 67% of its total Gross Written Premium (GWP).
Leveraging technology, Niva Bupa implements a digital-first approach across customer interactions, achieving nearly complete digital policy onboarding and payment processes. Its "Niva Bupa Health" mobile application offers comprehensive healthcare services, including diagnostics, consultations, and claims management.
With a strong claims settlement ratio of 91.93% and rapid processing of cashless claims, Niva Bupa maintains an extensive network of over 10,400 hospitals, enhancing customer satisfaction through favorable arrangements with healthcare providers. Backed by the Bupa Group's international experience, Niva Bupa aims to be a leading health insurance platform in India, focusing on customer retention and innovative healthcare solutions.
Promoters
The company promoter
- Bupa Singapore Holdings Pte. Ltd
- Bupa Investments Overseas Limited
- Fettle Tone LLP
Promoters Holding
Holding Pre Issue
1,700,122,985.00%
Holding Post Issue
1,808,231,093.00%
Objects of the Issue
The company proposes to utilise the Net Proceeds towards the following objects:
- Augmentation of its capital base to strengthen solvency levels and
- General corporate purposes
Address / Contact Info
Niva Bupa Health Insurance Company Limited
C-98, 1st Floor, Lajpat Nagar,
Part 1, South Delhi,
New Delhi – 110024
Phone: +91 1246354900
Email: investor@nivabupa.com
Website: https://www.nivabupa.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 07 November 2024
IPO Close Date
Monday, 11 November 2024
Basis of Allotment
Tuesday, 12 November 2024
Initiation of Refunds
Wednesday, 13 November 2024
Credit of Shares to Demat
Wednesday, 13 November 2024
Listing Date
Thursday, 14 November 2024 — NSE & BSE
Important Dates
Open Date
07 November 2024
Close Date
11 November 2024
Basis Of Allotment
12 November 2024
Listing Date
14 November 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6542.06 | 3232.62 | 2091.89 | 1782.01 |
| Revenue | 1124.9 | 4118.63 | 2859.24 | 1884.54 |
| Profit After Tax | -18.82 | 81.85 | 12.54 | -196.53 |
| Net Worth | 2031.77 | 2049.59 | 831.12 | 507.65 |
| Reserve & Surplus | 1282.44 | 1282.02 | 334.26 | 125.4 |
| Total Borrowings | 250 | 250 | 250 | 250 |
EPS Pre
0.48%
EPS Post
-0.42%
P/E Pre
153.70
P/E (Post Issue)
-177.74x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 0.12 |
| RoNW % | -0.92 |
| PbW | 6.14 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 94285715 | 54.55 | 0 |
| Non-Institutional | 47142857 | 27.27 | 0 |
| BNII | 31428572 | 18.18 | 0 |
| SNII | 15714285 | 9.09 | 0 |
| Retail Investors | 31428571 | 18.18 | 0 |
| Total | 172857143 | 100 | 0 |
Subscription Status ( Mon, 11 Nov 24 01:00 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 94285715 | 193848200 | 2.06x |
| Non-Institutional | 47142857 | 31822400 | 0.68x |
| BNII | 31428572 | 20818400 | 0.66x |
| SNII | 15714285 | 11004000 | 0.7x |
| Retail Investors | 31428571 | 85692200 | 2.73x |
| Total | 172857143 | 311362800 | 1.8x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 200 | 14,800.00 |
| Retail (Max) | 13 | 2,600 | 192,400.00 |
| S-HNI (Min) | 14 | 2,800 | 207,200.00 |
| S-HNI (Max) | 67 | 13,400 | 991,600.00 |
| B-HNI (Min) | 68 | 13,600 | 1,006,400.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- ICICI Securities Limited
- Hdfc Bank Limited
- Kotak Mahindra Capital Company Limited
- Motilal Oswal Investment Advisors Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Niva Bupa Health Insurance IPO is a Book-building IPO worth ₹2200 crores. The price band is ₹70 to 74 per share. The IPO opens on Thu, Nov 7, 2024 and closes on Mon, Nov 11, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Niva Bupa Health Insurance IPO opens on Thu, Nov 7, 2024 and closes on Mon, Nov 11, 2024
Niva Bupa Health Insurance IPO Price Band is ₹70 to 74.
Niva Bupa Health Insurance IPO lot size is 200, and the minimum amount required for application is ₹14800.
The minimum investment for Niva Bupa Health Insurance IPO is approximately ₹14800 based on the upper price band.
To apply for the Niva Bupa Health Insurance IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Nov 11, 2024. After submission, funds are blocked until the basis of allotment of Niva Bupa Health Insurance IPO is finalised.
Niva Bupa Health Insurance IPO issue size is ₹2200 crores.
Niva Bupa Health Insurance IPO allotment date is Sat, Jun 27, 2026.
The registrar for Niva Bupa Health Insurance IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Niva Bupa Health Insurance IPO through their official website or helpline.
The Niva Bupa Health Insurance IPO GMP (Grey Market Premium) is ₹1 as of Thu, Nov 14, 2024. Based on the upper price band of ₹74 per share, the estimated Niva Bupa Health Insurance IPO listing price is ₹75, indicating a potential listing gain of approximately 31% over the issue price.