Niva Bupa Health Insurance IPO, a Mainline IPO of ₹2200.00 Cr opens for subscription from 07-11-2024 to 11-11-2024. The IPO consists of ₹800.00 Cr fresh issue and ₹1400.00 Cr offer for sale.
The face value is Rs 10 and the price band is fixed at 70.00-74.00 per share. You can apply to the Niva Bupa Health Insurance Mainline IPO for a minimum lot of 200 shares amounting of Rs 14800.
The tentative listing date on the exchange (BSE, NSE) is 14-11-2024.
Stay tuned with us to get more details about Niva Bupa Health Insurance Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
Niva Bupa Health Insurance IPO Details
| IPO Issue Opening Date: | 7th Nov 2024 |
| IPO Issue Closing Date: | 11th Nov 2024 |
| IPO Issue Price: | ₹70.00-74.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 10.00% of Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹2200.00 Cr |
| Offer for Sale: | ₹1400.00 Cr |
| Fresh Issue: | ₹800.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 62.27% |
| Promoter Holding Post IPO: |
Niva Bupa Health Insurance IPO Important Dates
Get important updates regarding Niva Bupa Health Insurance IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Nov 2024 |
| Refunds Initiation* | 13th Nov 2024 |
| Credit of Shares to Demat* | 13th Nov 2024 |
| IPO Listing Date* | 14th Nov 2024 |
* – Tentative Dates
Niva Bupa Health Insurance IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ₹70.00-74.00 |
| Market Lot: | 200 Shares |
| 1 Lot Amount: | ₹14800 |
| Min Small HNI Lots(2-10 Lakh): | 2800 shares (14 lots) – ₹207200 |
| Min Big HNI Lots(10+ Lakh): | 13600 shares (68 lots) – ₹1006400 |
Niva Bupa Health Insurance IPO GMP**
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-11-2024 | 74.00 | 0 | — | ₹74 (0%) | 12-Nov-2024 18:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
About Company – Niva Bupa Health Insurance
Niva Bupa Health Insurance Company offers health insurance products and services. As per the Redseer’s report, it has a market share in the Indian SAHI market of 16.24% in Fiscal 2024.
The company offers health insurance, healthcare provisions and aged services. Its business spread around the world, but primarily in the UK, Australia, Chile, Spain, Poland, New Zealand, Hong Kong, Brazil, Mexico, India, USA, Middle East, and Ireland.
As of March 31, 2024, it has 14.73 million active lives insured. The company strategically focuses on the retail health market and its GWP from retail health market accounted for 68.47% of overall GWP for Fiscal 2024.
It primarily sells products through direct sales channel and online sales is done through the website and Niva Bupa Health mobile app. The firm has 210 physical branches across 22 states and 4 union territories in India.
Niva Bupa Health Insurance IPO Strengths
- Granular retail health insurer with a focus on delivering robust GWP growth, capital efficiency and profitability
- Customer-centric approach with a diversified product suite for customers
- Technology-led automated approach for customer servicing
- Domain knowledge and expertise in claims and provider management
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | General Insurance | ₹2200.00 Cr | https://www.nivabupa.com/ |
Niva Bupa Health Insurance IPO Objective
- Augmentation of its capital base to strengthen solvency levels and
- General corporate purposes
Our experts can help you prepare for SME IPO
Niva Bupa Health Insurance IPO Live Subscription (BSE, NSE)
The table below is live update of IPO bidding details from BSE, NSE.
- Qualified Institutional Buyers: 8,91,89,190 Shares (54.55%)
- Non-Institutional Investors: 4,45,94,595 Shares (27.27%)
- Small NII (SNII- Bid below ₹10L): 1,48,64,865 Shares (9.09%)
- Big NII (BNII- Bid above ₹10L): 2,97,29,730 Shares (18.18%)
- Retail Individual Investor: 2,97,29,730 Shares (18.18%)
| Day | QIB | NII | SNII (Below ₹10L) | BNII(Above ₹10L) | RII | Total | |
|---|---|---|---|---|---|---|---|
| # of Share Offered | 8,91,89,190 | 4,45,94,595 | 1,48,64,865 | 2,97,29,730 | 2,97,29,730 | 16,35,13,515 | |
| Number of Lots Offered | 445946 | 222973 | 74324 | 148649 | 148649 | 817568 | |
| 1 | 7th Nov 2024 19:04 | 0.83x | 0.35x | 0.10x | 0.47x | 0.76x | 0.69x |
| 2 | 8th Nov 2024 19:04 | 1.59x | 0.42x | 0.23x | 0.52x | 1.43x | 1.24x |
| 3 | 11th Nov 2024 18:21 | 2.17x | 0.71x | 0.74x | 0.70x | 2.88x | 1.90x |
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 | ||||
Niva Bupa Health Insurance IPO Peer Comparison
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Niva Bupa Health Insurance Company Limited | 0.51 | 0.5 | 12.06 | 5.68 | ||
| Star Health and Allied Insurance Company Limited | 14.48 | 14.19 | 108.35 | 36.97 | 14.35 | Consolidated |
| Icici Lombard General Insurance Company Ltd | 39.03 | 38.78 | 242.75 | 45.92 | 17.17 | Consolidated |
| The New India Assurance Company Ltd | 6.77 | 6.77 | 132.55 | 35.23 | 5.13 | Consolidated |
