Niva Bupa Health Insurance IPO
- IPO Date07 Nov, 2024 to 11 Nov, 2024
- Listing Date14 Nov, 2024
- Face Value₹10 per share
- Issue Price₹70 to ₹74 per share
- Lot Size200 Shares
- Minimum Investment₹14,800
- Listing AtBSE, NSE
- Total Issue Size29,72,97,297 Shares
(aggregating up to ₹2200.00 Cr) - Fresh Issue10,81,08,108 Shares
(aggregating up to ₹800.00 Cr)
- Offer for Sale18,91,89,189 Shares
(aggregating up to ₹1400.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,70,01,22,985
- Shareholding post issue1,80,82,31,093
IPO Dates
Closing Date
11 Nov, 2024
Initiation of Refunds
13 Nov, 2024
Listing Date
14 Nov, 2024
07 Nov, 2024
Opening Date
12 Nov, 2024
Basis of Allotment
13 Nov, 2024
Credit of Shares
Niva Bupa Health Insurance Lot Size
Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹14,800 |
| B-HNI (Min) | 68 | 13600 | ₹10,06,400 |
| S-HNI (Max) | 67 | 13400 | ₹9,91,600 |
| Retail (Max) | 13 | 2600 | ₹1,92,400 |
| S-HNI (Min) | 14 | 2800 | ₹2,07,200 |
Niva Bupa Health Insurance Promoter Holding
The company promoter is Bupa Singapore Holdings Pte. Ltd and Bupa Investments Overseas Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 62.27% | - |
Niva Bupa Health Insurance COMPANY INFORMATION
Niva Bupa Health Insurance IPO is a book built issue of Rs 2,200.00 crores. The issue is a combination of fresh issue of 10.81 crore shares aggregating to Rs 800.00 crores and offer for sale of 18.92 crore shares aggregating to Rs 1,400.00 crores. Niva Bupa Health Insurance IPO opens for subscription on November 7, 2024 and closes on November 11, 2024. The allotment for the Niva Bupa Health Insurance IPO is expected to be finalized on Tuesday, November 12, 2024. Niva Bupa Health Insurance IPO will list on BSE, NSE with tentative listing date fixed as Thursday, November 14, 2024. Niva Bupa Health Insurance IPO price band is set at ₹70 to ₹74 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹14,800. The minimum lot size investment for sNII is 14 lots (2,800 shares), amounting to ₹207,200, and for bNII, it is 68 lots (13,600 shares), amounting to ₹1,006,400. 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 RHP for detailed information.
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.
- Retail products designed for individuals and families.
- Group products intended for employers and employees,
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:
- Diverse product range to suit customer's needs.
- An automated approach to customer service driven by technology.
- Bupa parentage and brand associated with health insurance and healthcare
- The company's expertise and experience in claims and provider management.
Niva Bupa Health Insurance Company IPO
IPO Overview and Key Highlights
Niva Bupa Health Insurance Company Limited, a leading player in the health insurance sector, is offering its Initial Public Offering (IPO) consisting of a fresh issue of Rs 8,000 million and an Offer for Sale (OFS) of Rs 14,000 million. The IPO will be listed on both BSE and NSE, marking a significant milestone for the company. Proceeds from the fresh issue are aimed at expanding operations, increasing capital adequacy, and covering general corporate expenses?.
Key IPO Details
- Type of Issue: Book Built Issue
- Fresh Issue Size: Rs 8,000 million
- Offer for Sale (OFS): Rs 14,000 million
- Total Offer Size: Rs 22,000 million
- Face Value: Rs 10 per share
- Offer Opens: November 7, 2024
- Offer Closes: November 11, 2024
- Promoters: Bupa Singapore Holdings Pte. Ltd., Fettle Tone LLP, and Bupa Investments Overseas Limited?
Company Overview
Niva Bupa Health Insurance, originally incorporated as Max Bupa Health Insurance, has evolved into a top-tier health insurance provider in India. Its offerings include a range of comprehensive health insurance plans catering to individuals, families, and corporates. The company leverages technology to deliver superior customer experiences and efficient claim processing?.
Financial Overview
Niva Bupa Health Insurance has demonstrated consistent growth driven by rising demand for health insurance in India. The IPO proceeds will enhance the company’s capital structure and support its growth initiatives.
Key Strengths of Niva Bupa Health Insurance Company Limited
- Market Position: A leading player in India's growing health insurance market.
- Technological Advancements: Strong digital presence and innovative claim processing systems.
- Promoter Expertise: Backed by reputed global and domestic promoters with extensive industry experience?
IPO Pros and Cons
Pros
- Growing Market: Increasing healthcare awareness and insurance penetration in India provide a strong growth platform.
- Reputed Brand: Niva Bupa is a recognized name, ensuring customer trust and loyalty.
- Use of IPO Proceeds: Proceeds from the fresh issue will strengthen financial stability and fund expansion plans?
Cons
- Competitive Industry: The health insurance market is highly competitive with established players.
- Regulatory Risks: Health insurance is heavily regulated, and any policy changes could impact operations.
- Dependence on Healthcare Demand: Growth is tied to the broader demand for healthcare services?
Risk Factors
Investors should consider the following risks:
- Regulatory Dependency: Any adverse changes in government policies or insurance regulations may affect operations.
- Economic Sensitivity: Economic downturns could reduce the affordability of health insurance plans.
- Competition: Niva Bupa faces competition from both domestic and international insurers?
Conclusion
The Niva Bupa Health Insurance Company Limited IPO offers a unique opportunity to invest in a growing health insurance market. With a strong brand, advanced technology, and a favorable market outlook, the company is positioned for success. However, potential investors should weigh regulatory risks and market competition before making investment decisions.
FAQs About Niva Bupa Health Insurance Ipo
Niva Bupa Health Insurance IPO will open on 07 Nov, 2024 and close on 11 Nov, 2024. Investors must apply within this period to participate.
The Niva Bupa Health Insurance IPO price band is set between ₹70.00 and ₹74.00 per share. The minimum lot size is 200, requiring an investment of at least ₹14800.00.
The Niva Bupa Health Insurance IPO shares are expected to be listed on 14 Nov, 2024, subject to regulatory approvals and final allotment.
You can track your Niva Bupa Health Insurance IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Niva Bupa Health Insurance IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.