Niva Bupa Health Insurance IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 07 Nov 2024
Close Date
Mon, 11 Nov 2024
Price Band
₹ 70 – 74
Lot Size
200
Issue Size
₹ 2,200.00 Cr
Minimum Investment
₹ 14,800 (200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Niva Bupa Health Insurance IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹2,200.00 Crore, comprising a fresh issue of 10.81 Crore equity shares aggregating to ₹800.00 Crore and an offer for sale (OFS) of 18.92 Crore equity shares aggregating to ₹1,400.00 Crore by the existing shareholders.
The Niva Bupa Health Insurance IPO remained open for subscription from November 07, 2024, to November 11, 2024. The basis of allotment was finalized on November 12, 2024, and the company's shares were listed on the NSE and BSE on November 14, 2024.
The company had fixed the price band at ₹70 to ₹74 per share, with a lot size of 200 shares. Retail investors were required to make a minimum investment of ₹14,800 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Axis Capital Limited, Morgan Stanley India Company Private Limited, ICICI Securities Limited, HDFC Bank Limited, Kotak Mahindra Capital Company Limited, and Motilal Oswal Investment Advisors Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Niva Bupa Health Insurance Company Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Niva Bupa Health Insurance IPO Timeline (Tentative)
- IPO Open Date
- Thu, 07 Nov 24
- IPO Close Date
- Mon, 11 Nov 24
- Basis of Allotment
- Tue, 12 Nov 24
- Initiation of Refunds
- Wed, 13 Nov 24
- Credit of Shares to Demat
- Wed, 13 Nov 24
- Listing Date
- Thu, 14 Nov 24 — NSE & BSE
Open Date
07 November 2024
Close Date
11 November 2024
Basis Of Allotment
12 November 2024
Listing Date
14 November 2024
IPO Subscription
Check Live Subscription →The Niva Bupa Health Insurance IPO has received bids for 31,13,62,800 shares against 17,28,57,143 shares offered, resulting in an overall subscription of 1.8x. the NII category is subscribed 0.68x, Retail Investors 2.73x, and QIBs 2.06x. Within the NII category, BNII is subscribed 0.66x, while SNII is subscribed 0.7x.
QIB
2.06x
NII
0.68x
BNII
0.66x
SNII
0.7x
RII
2.73x
Total
1.8x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 3,14,28,571 shares, representing 18.18% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,42,85,715 shares (54.55%), while Non-Institutional Investors (NIIs) receive 4,71,42,857 shares (27.27%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 94,285,715 | 54.55% |
| Non-Institutional | 47,142,857 | 27.27% |
| BNII | 31,428,572 | 18.18% |
| SNII | 15,714,285 | 9.09% |
| Retail Investors | 31,428,571 | 18.18% |
| Total | 172,857,143 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Niva Bupa Health Insurance Company Limited KPI Information
| Particular | KPI as of June 30, 2024. |
|---|---|
| Debt / Equity | 0.12 |
| RoNW % | -0.92 |
| PbW | 6.14 |
Peers Comparison
No Peer Comparision Available
About Niva Bupa Health Insurance Company Limited
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.
Niva Bupa Health Insurance IPO 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%
Niva Bupa Health Insurance IPO Objective
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
Niva Bupa Health Insurance Company Limited Address / Contact Details
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
Niva Bupa Health Insurance IPO Lot Size
The Niva Bupa Health Insurance IPO has a lot size of 200 shares. Retail investors require a minimum investment of ₹14,800 by applying for 1 lot (200 shares). The maximum application allowed for the retail category is 13 lots (2,600 shares), requiring an investment of ₹1,92,400.
| 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 |
Issue Reservation
- QIB — 54.55%
- NII — 27.27%
- RII — 18.18%
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 Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Niva Bupa Health Insurance IPO?
Niva Bupa Health Insurance IPO is a Book-building IPO with a total issue size of ₹2200 crore. The Niva Bupa Health Insurance IPO price band is ₹70 to 74 per share. The Niva Bupa Health Insurance IPO subscription opens on Thu, Nov 7, 2024, and closes on Mon, Nov 11, 2024. The Niva Bupa Health Insurance IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Niva Bupa Health Insurance IPO.
When will the Niva Bupa Health Insurance IPO open for subscription?
The Niva Bupa Health Insurance IPO opens on Thu, Nov 7, 2024 and closes on Mon, Nov 11, 2024
What is Niva Bupa Health Insurance IPO Price Band?
Niva Bupa Health Insurance IPO Price Band is ₹70 to 74 per share.
What is Niva Bupa Health Insurance IPO Lot Size?
Niva Bupa Health Insurance IPO lot size is 200 shares, Retail investors need a minimum investment of ₹14800 based on the upper price band
What is the minimum investment for Niva Bupa Health Insurance IPO?
The minimum investment for Niva Bupa Health Insurance IPO is ₹14800, based on one lot of 200 shares at the upper price band of ₹74 per share.
How to apply for Niva Bupa Health Insurance IPO?
Investors can apply for the Niva Bupa Health Insurance IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Nov 11, 2024. The application amount remains blocked until the Niva Bupa Health Insurance IPO allotment is finalized.
What is Niva Bupa Health Insurance IPO Issue Size?
Niva Bupa Health Insurance IPO issue size is ₹2200 crores.
What is the Niva Bupa Health Insurance IPO Allotment Date?
Niva Bupa Health Insurance IPO allotment date is Tue, Nov 12, 2024.
Who is the Niva Bupa Health Insurance IPO Registrar?
The registrar for Niva Bupa Health Insurance IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Niva Bupa Health Insurance IPO allotment status, refund processing, and other IPO-related information.
What is the Niva Bupa Health Insurance IPO GMP?
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 1.35% over the issue price.
Who is the Niva Bupa Health Insurance IPO Lead Manager?
The book-running lead managers (BRLMs) for the Niva Bupa Health Insurance IPO are Axis Capital Limited, Morgan Stanley India Company Private Limited, ICICI Securities Limited, HDFC Bank Limited, Kotak Mahindra Capital Company Limited, and Motilal Oswal Investment Advisors Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Niva Bupa Health Insurance IPO Red Herring Prospectus (RHP).