Niva Bupa Health Insurance IPO
Niva Bupa Health Insurance IPO is listed on BSE and NSE, priced at ₹70–₹74 per share. The stock debuted at ₹78.14, delivering a listing gain of 5.6%. The IPO had a lot size of ₹200 shares and a minimum investment of ₹14,800.
Niva Bupa Health Insurance Limited IPO
- IPO Dates
- Nov 7, 2024 – Nov 11, 2024
- Price band
- ₹70-74 per equity share
- Minimum Investment
- ₹14,800
- Issue size
- ₹2200 Cr
- Lot size
- 200
- Allotment Date
- Nov 12, 2024
- Listing
- Nov 14, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Nov 7, 2024
Open Date
Completed
-
Nov 11, 2024
Close Date
Completed
-
Nov 12, 2024
Allotment Date
Completed
-
Nov 14, 2024
Listing Date
Completed
Price Summary
- Last closing
- 82.68 (11.73%)
- 52 week high
- 92.90
- 52 week low
- 67.50
- Last update
Niva Bupa Health Insurance IPO Essentials
Niva Bupa Health Insurance IPO Details
Niva Bupa Health Insurance IPO is priced at ₹70-74 per share with a total issue size of 2200 crore. The IPO has a lot size of 200 shares and is listed on BSE and NSE.
- Issue price
- ₹70-74 per equity share
- Lot size
- 200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹2,200 Cr :
#Fresh Issue : 108,108,108 shares(aggregating up to ₹800 Cr) +
#OFS : 189,189,189 shares of ₹10(aggregating up to ₹1,400 Cr) - Total issue size
- 29,72,97,297 shares
(aggregating up to ₹2200 crore) - Fresh issue
- 10,81,08,108 shares
(aggregating up to ₹800 crore) - Offer for sale (OFS)
- 18,91,89,189 shares
(aggregating up to ₹1400 crore) - Listing at
- BSE, NSE
- List price
- 78.14(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
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
Market Lot Size
Investors can bid for a minimum of 200 shares and in multiples thereof. The following 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 |
| Retail(max) | 13 | 2600 | ₹1,92,400 |
Niva Bupa Health Insurance IPO Reservation
Niva Bupa Health Insurance IPO reservation details show category-wise allocation of shares. Out of the total 297,297,298 shares, approximately 30% are reserved for QIB, 15% for NII, 10% for retail investors, and 45% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 133,783,783 (45%) | |
| QIB Shares Offered | 89,189,190 (30%) | |
| NII (HNI) Shares Offered | 44,594,595 (15%) | |
| bHNI > ₹10L | 29,729,730 (10%) | 10,617 |
| sHNI < ₹10L | 14,864,865 (5%) | 5,308 |
| Retail Shares Offered | 29,729,730 (10%) | 148,648 |
| Total Shares Offered | 297,297,298 (100%) |
Niva Bupa Health Insurance IPO Analytics
Niva Bupa Health Insurance IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Niva Bupa Health Insurance IPO Subscription Status
Niva Bupa Health Insurance IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 89,189,190 |
44,594,595
29,729,730
14,864,865
|
29,729,730 | 163,513,515 |
|
Day 1
07-11-24 05:00 PM
|
0.79 x |
0.33x
0.45x
0.09x
|
0.71 x | 0.65 x |
|
Day 2
08-11-24 05:00 PM
|
1.50 x |
0.40x
0.49x
0.22x
|
1.34 x | 1.17 x |
|
Day 3
11-11-24 05:00 PM
|
2.06 x |
0.68x
0.66x
0.70x
|
2.73 x | 1.80 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 3,91,443 (Approx) | —x | —x | 2.61x |
Niva Bupa Health Insurance Valuations
Earnings
- EPS Pre IPO
- 0.48
- EPS Post IPO
- -0.42
- P/E Pre IPO
- 153.7
- P/E Post IPO
- -177.74
Returns
- RoNW
- -0.92
Fundamentals
- Debt / Equity
- 0.12
- Price / Book
- 6.14
Niva Bupa Health Insurance Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 & Surplus | 1,282.02 | 334.26 | 125.40 |
| Total Borrowing | 250.00 | 250.00 | 250.00 |
Niva Bupa Health Insurance Company & Offer Insights
About Niva Bupa Health Insurance
Niva Bupa Health Insurance Company Limited is a joint venture company established in 2008 between the Bupa Group and Fettle Tone LLP. Niva Bupa is a unique entity in India's health insurance market. The company is providing a robust health ecosystem beyond insurance, with comprehensive access to health services across friendly mobile applications and websites.
The Company offers custom retail products for individuals and families as well as group insurance options to employers and employees. As of March 2024, Niva Bupa had insured 14.73 million active lives across 22 states and four union territories in India.With a mind-boggling CAGR of 41.27% in GWP, FY 2022- FY 2024 has made Niva Bupa the new-age preferred name for retail health insurance. There is a very robust and strong telemarketing team of 410 working for the company. State-of-the-art machine learning, real-time CRM, and product recommendation tools guide customer engagement for the same. Niva Bupa also relies on a highly capable 126-member tech team with continuous development of digital assets that create richer experiences in the lives of customers as well as simplify their health management.
Niva Bupa Health Insurance Promoter(s)
Bupa Singapore Holdings Pte. Ltd, Bupa Investments Overseas Limited are the company's promoters of Niva Bupa Health Insurance.
Niva Bupa Health Insurance IPO Issue Objectives
- •
- Augmentation of its capital base to strengthen solvency levels
- •
- General corporate purposes
Niva Bupa Health Insurance IPO - Anchor Investors
Niva Bupa Health Insurance closes anchor book, raises Rs 990 crore.
Global investors who participated in the anchor book included Morgan Stanley, Fidelity, Government Pension Fund Global, Templeton Emerging Markets Investment Trust, First Sentier Investors International, and The Scottish Oriental Smaller Companies.
Several domestic mutual funds including Nippon Life India, Axis Mutual Fund, Tata Mutual Fund, DSP India, Motilal Oswal AMC, and Union Small Cap Fund also invested in Niva Bupa via anchor book.
Niva Bupa Health Insurance IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Niva Bupa Health Insurance Company Limited | 0.51 | 0.5 | 12.06 | N/A | 5.68 | N/A | Consolidated |
| Star Health and Allied Insurance Company Limited | 14.48 | 14.19 | 108.35 | 36.97 | 14.35 | 5.03 | Consolidated |
| Icici Lombard General Insurance Company Ltd | 39.03 | 38.78 | 242.75 | 45.92 | 17.17 | 6.96 | Consolidated |
| The New India Assurance Company Ltd | 6.77 | 6.77 | 132.55 | 35.23 | 5.13 | 1.72 | Consolidated |
Notes:
- New India Assurance Company Limited is strictly not comparable with the Company (This is for information purposes)
- Net Worth is defined as share capital plus reserves and surplus less any debit balance in profit and loss account and miscellaneous expenditure.
- P/E ratio for listed peers is calculated as closing share price (June 25, 2024, -BSE) / Diluted EPS for the year ended March 31, 2024,
- NAV per equity share (?) = Net worth at the end of the year / Total number of equity shares outstanding as of March 31, 2024.
Niva Bupa Health Insurance IPO - Strengths and Risks
Niva Bupa Health Insurance IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Niva Bupa Health Insurance
+91 1246354900
C-98, 1st Floor, Lajpat Nagar, Part 1, South Delhi, New Delhi-110024
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Niva Bupa Health Insurance IPO is a book-built IPO worth ₹2200 crore. The price band is ₹70–₹74 per share. The IPO opens on Nov 7, 2024 and closes on Nov 11, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of Niva Bupa Health Insurance IPO is ₹70 to ₹74 per share.
The lot size of Niva Bupa Health Insurance IPO is 200 shares.
The minimum investment for Niva Bupa Health Insurance IPO is approximately ₹14,800 based on the upper price band .
Niva Bupa Health Insurance IPO opens on Nov 7, 2024 and closes on Nov 11, 2024.
The allotment date of Niva Bupa Health Insurance IPO is Nov 12, 2024.
Niva Bupa Health Insurance IPO is expected to be listed on Nov 14, 2024, on BSE and NSE .
Niva Bupa Health Insurance IPO listed on Nov 14, 2024. It was issued at ₹78.14(NSE) and is currently around ₹82.68 as on 5-Jun-2026 3:30 PM, which is approximately 11.7% versus issue price. The 52-week high is ₹92.90.
Based on listing and post-listing performance, Niva Bupa Health Insurance IPO delivered around 11.7% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Niva Bupa Health Insurance IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Niva Bupa Health Insurance IPO valuation snapshot: P/E -177.74, EPS -0.42, P/B 6.14, RoNW -0.92, and market cap N/A.
To apply for Niva Bupa Health Insurance IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Niva Bupa Health Insurance IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Niva Bupa Health Insurance IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Niva Bupa Health Insurance IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Niva Bupa Health Insurance IPO allotment status on IPO Ji for quick and easy access.