Niva Bupa Health Insurance IPO vs Sagility India IPO

Comparision between Niva Bupa Health Insurance IPO and Sagility India IPO.

IPO Details

Niva Bupa Health Insurance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sagility India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Niva Bupa Health Insurance IPO	Sagility India IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Morgan Stanley India Company Pvt Ltd Kotak Mahindra Capital Company Limited Axis Capital Limited Hdfc Bank Limited Motilal Oswal Investment Advisors Limited	ICICI Securities Limited Iifl Securities Ltd Jefferies India Private Limited J.P. Morgan India Private Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Niva Bupa Health Insurance IPO is up to ₹2,200.00 Cr whereas the issue size of the Sagility India IPO is up to ₹2,106.60 Cr. The final issue price of Niva Bupa Health Insurance IPO is ₹74.00 per share and of Sagility India IPO is ₹30.00 per share.

	Niva Bupa Health Insurance IPO	Sagility India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹70.00 per share	₹28.00 per share
Issue Price (Upper)	₹74.00 per share	₹30.00 per share
Issue Price (Final)	₹74.00 per share	₹30.00 per share
Discount (Retail)
Discount (Employee)		₹2.00 per share
Market Lot Size	200 shares	500 shares
Fresh Issue Size	10,81,08,108 shares
Fresh Issue Size (Amount)	up to ₹800.00 Cr
OFS Issue Size	18,91,89,189 shares	70,21,99,262 shares
OFS Issue Size (Amount)	up to ₹1,400.00 Cr	up to ₹2,106.60 Cr
Issue Size Total	29,72,97,297 shares	70,21,99,262 shares
Issue Size Total (Amount)	up to ₹2,200.00 Cr	up to ₹2,106.60 Cr

IPO Timetable

Niva Bupa Health Insurance IPO opens on Nov 07, 2024, while Sagility India IPO opens on Nov 05, 2024. The closing date of Niva Bupa Health Insurance IPO and Sagility India IPO is Nov 11, 2024, and Nov 07, 2024, respectively.

	Niva Bupa Health Insurance IPO	Sagility India IPO
Anchor Bid Date	Nov 06, 2024	Nov 04, 2024
Issue Open	Nov 07, 2024	Nov 05, 2024
Issue Close	Nov 11, 2024	Nov 07, 2024
Basis Of Allotment (Tentative)	Nov 12, 2024	Nov 08, 2024
Initiation of Refunds (Tentative)	Nov 13, 2024	Nov 08, 2024
Credit of Share (Tentative)	Nov 13, 2024	Nov 11, 2024
Listing date (Tentative)	Nov 14, 2024	Nov 12, 2024
Anchor Lockin End date 1	Dec 12, 2024	Dec 08, 2024
Anchor Lockin End date 2	Feb 10, 2025	Feb 06, 2025

Financials

Niva Bupa Health Insurance IPO P/E ratio is 153.7, as compared to Sagility India IPO P/E ratio of 61.52.

Niva Bupa Health Insurance IPO

Sagility India IPO

Financial

Niva Bupa Health Insurance Company Limited Financial Information (Restated)

Niva Bupa Health Insurance Company Limited's revenue increased by 44.05% and profit after tax (PAT) rose by 552.73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,542.06	6,191.87	3,876.57	2,738.44
Revenue	1,124.90	4,118.63	2,859.24	1,884.54
Profit After Tax	-18.82	81.85	12.54	-196.53
Net Worth	2,031.77	2,049.59	831.12	507.65
Reserves and Surplus	1,282.44	1,282.02	334.26	125.40
Total Borrowing	250.00	250.00	250.00	250.00
Amount in ₹ Crore

Sagility India Limited Financial Information (Restated Consolidated)

Sagility India Limited's revenue increased by 13% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	10,388.01	10,664.2	10,590.48	10,096.28
Revenue	1,247.76	4,781.5	4,236.06	944.39
Profit After Tax	22.29	228.27	143.57	-4.67
Net Worth	7,608.16	6,443.13	6,206.67	4,026.62
Reserves and Surplus	2,704.28	1,855.44	4,013.38	2,073.8
Total Borrowing	943.91	1,933.52	2,347.94	4,239.23
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

88.98%

97.39%

Promoter Shareholding (Post-Issue)

73.37%

82.39%

P/E Ratio

153.7

61.52

Market Cap

₹13380.91 Cr.

₹14043.99 Cr.

ROE

ROCE

Debt/Equity

0.12

0.15

EPS

₹0.48

₹0.49

RoNW

-0.92%

0.29%

Shares Offered

In the Niva Bupa Health Insurance IPO retail investors (RII) are offered 2,97,29,730 shares while in Sagility India IPO retail investors are offered 2,97,29,730 shares. Qualified institutional buyers (QIB) are offered 8,91,89,190 shares in Niva Bupa Health Insurance IPO and 21,00,89,779 shares in Sagility India IPO.

	Niva Bupa Health Insurance IPO	Sagility India IPO
Anchor Investor Reserveration	13,37,83,783 shares	31,51,34,668 shares
Market Maker Reserveration
QIB	8,91,89,190 shares	21,00,89,779 shares
NII	4,45,94,595 shares	10,50,44,889 shares
RII	2,97,29,730 shares	7,00,29,926 shares
Employee	0 shares	19,00,000 shares
Others
Total	16,35,13,515 shares	38,70,64,594 shares

Bids Received (Subscription)

Niva Bupa Health Insurance IPO subscribed 1.90x in total, whereas Sagility India IPO subscribed 3.20x.

	Niva Bupa Health Insurance IPO	Sagility India IPO
QIB (times)	2.17x	3.52x
NII (times)	0.71x	1.93x
Big NII (times)	0.70x	1.69x
Small NII (times)	0.74x	2.41x
RII (times)	2.88x	4.16x
Employee (times)		3.75x
Other (times)
Total (times)	1.90x	3.20x

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