Niva Bupa Health Insurance IPO Details
The Niva Bupa Health Insurance IPO is a book build issue with a total issue size of ₹2200 cr, comprising of fresh issue of 108108108 equity shares., and a offer for sale of 189189189 equity shares. Niva Bupa Health Insurance IPO opened for subscription on Nov 07, 2024 and closed on Nov 11, 2024. Niva Bupa Health Insurance IPO is set price band at ₹70 to ₹74 per share, with a lot size of 200 shares. Minimum investment for Retail investors was ₹14,800.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Nov 12, 2024, and listed on both the NSE and BSE on Nov 14, 2024.
Kfin Technologies Limited has been appointed as the registrar. 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 Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Niva Bupa Health Insurance IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 70 – 74
- Lot Size
- 200
- Issue Size
- ₹2200 Cr
- Minimum Investment
- ₹14800 (200 Shares)
- Listing Date
- 14 November 2024
Current GMP
₹1 (+1.35%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
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
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 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.
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 per share.
Niva Bupa Health Insurance IPO lot size is 200 shares, Retail investors need a minimum investment of ₹14800 based on the upper price band
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.
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.
Niva Bupa Health Insurance IPO issue size is ₹2200 crores.
Niva Bupa Health Insurance IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.