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Niva Bupa Health Insurance IPO is a book built issue of Rs 3,000.00 crores. The issue is a combination of fresh issue of Rs 800.00 crores and offer for sale of Rs 2,200.00 crores.
Niva Bupa Health Insurance IPO dates are yet to be announced.
Niva Bupa Health Insurance IPO price bands are yet to be announced.
ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Hdfc Bank Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Niva Bupa Health Insurance IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Niva Bupa Health Insurance IPO DRHP for detailed information.
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹3,000.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹800.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹2,200.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 1,700,122,985 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10.00% of Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
The company promoter is Bupa Singapore Holdings Pte. Ltd and Bupa Investments Overseas Limited.
| Share Holding Pre Issue | 62.27% |
| Share Holding Post Issue |
Incorporated in 2008, Niva Bupa Health Insurance Company Limited is a joint venture between the Bupa Group and Fettle Tone LLP that provides insurance in the health sector.
The company offers a holistic proposition by providing customers access to a comprehensive health ecosystem and service capabilities through its Niva Bupa Health mobile application and website.
As of March 31 2024, the company had 14.73 million active lives insured.
As of March 31, 2024, the company is present across 22 states and four union territories in India.
From Fiscal Year 2022 to Fiscal Year 2024, the overall GWP grew at a CAGR of 41.27%, while GWP from retail health increased by 33.41%.
Competitive Strength:
Niva Bupa Health Insurance Company Limited's revenue increased by 44% and profit after tax (PAT) rose by 553% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 3,232.62 | 2,091.89 | 1,782.01 | |||||||||||||||||||||||||||
| Revenue | 4,118.63 | 2,859.24 | 1,884.54 | |||||||||||||||||||||||||||
| Profit After Tax | 81.85 | 12.54 | -196.53 | |||||||||||||||||||||||||||
| Net Worth | 2,049.59 | 831.12 | 507.65 | |||||||||||||||||||||||||||
| Reserves and Surplus | 1,282.02 | 334.26 | 125.4 | |||||||||||||||||||||||||||
| Total Borrowing | 250 | 250 | 250 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nivabupa.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
Niva Bupa Health Insurance IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹3,000.00 Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
The Niva Bupa Health Insurance IPO open and close dates are not available as of now.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Niva Bupa Health Insurance IPO using UPI as a payment gateway. Zerodha customers can apply in Niva Bupa Health Insurance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Niva Bupa Health Insurance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Niva Bupa Health Insurance IPO dates are not announced. Please check back again after some time.
Niva Bupa Health Insurance IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Niva Bupa Health Insurance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Niva Bupa Health Insurance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Niva Bupa Health Insurance IPO allotment status.
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