Niva Bupa Health Insurance Limited IPO
MainboardGeneral Insurance
Listed On: Nov 14, 2024 at ₹ 78.14(NSE)
₹ 14800 /200 Shares
Check AllotmentPrice Summary
Last Closing
94.50 (27.7%)52 Week High
109.3452 Week Low
69.21Last Update
6-Dec-2024 3:30 PM07 Nov, 2024
Open Date11 Nov, 2024
Close Date12 Nov, 2024
Allotment Date14 Nov, 2024
Listing DateIssue Price
₹70-74 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
78.14(NSE)Listing Date
2024-11-14Market Lot
Retail : 200 Shares (₹14,800/-)S-HNI : 2,800 Shares (₹2,07,200/-)
B-HNI : 13,600 Shares (₹10,06,400/-)
Lead Manager
ICICI Securities LimitedMorgan Stanley India Company Pvt Ltd
Kotak Mahindra Capital Company Limited
Axis Capital Limited
Hdfc Bank Limited
Motilal Oswal Investment Advisors Limited
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)
Retail Portion
10% (Number of Retail Applications: 1,48,649 Approx),(Number of S-HNI Applications : 5,309 Approx),
(Number of B-HNI Applications : 10,618 Approx)
Subscription
1.80 timesNiva Bupa Health Insurance IPO Subscription Details
As on | QIB | NII bNII sNII | 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 | 0.33 0.45 x 0.09 x | 0.71 x | 0.65 x |
Day 2 - 08-11-24 05:00 PM | 1.50 x | 0.40 0.49 x 0.22 x | 1.34 x | 1.17 x |
Day 3 - 11-11-24 05:00 PM | 2.06 x | 0.68 0.66 x 0.70 x | 2.73 x | 1.80 x |
Niva Bupa Health Insurance Valuations
EPS Pre IPO
0.48EPS Post IPO
-0.42P/E Pre IPO
153.7P/E Post IPO
-177.74RoNW
%Niva Bupa Health Insurance Company Financials All values are in ₹ Cr.
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 |
About The Company
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 - Strength and Weakness
The third largest SAHI in India is based on overall health GDPI.
Market share of 16.24% in the Indian SAHI market in FY24.
Digitally processed 99.95% of new policies in FY24.
Grew Assets Under Management to ₹54,582.31 million by FY24.
Profitability depends on accurate medical expenses and claims estimation.
Regulatory inspections by IRDAI may cause reputational harm.
Network Hospitals' relationships are crucial for cashless claims services.
Niva Bupa Health Insurance - Promoter(s)
Pre Issue Share Holding: 62.27%
Post Issue Share Holding: N/A%
- Bupa Singapore Holdings Pte. Ltd
- Bupa Investments Overseas Limited
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
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.
Other Details
Niva Bupa Health Insurance
C-98, 1st Floor, Lajpat Nagar, Part 1, South Delhi, New Delhi-110024Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nivabupa.ipo@kfintech.com
Niva Bupa Health Insurance IPO - FAQs
Ans. Niva Bupa Health Insurance Limited IPO is a Mainboard IPO. The issue is priced at ₹70-74 per equity share. The minimum order quantity is 200 Shares. The IPO opens on Nov 7, 2024, and closes on Nov 11, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Niva Bupa Health Insurance Limited IPO opens on Nov 7, 2024 and closes on Nov 11, 2024.
Ans. The size of Niva Bupa Health Insurance Limited IPO is 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).
Ans. The IPO price band is set between ₹70-74 per equity share.
Ans. To apply for Niva Bupa Health Insurance Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Niva Bupa Health Insurance Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Niva Bupa Health Insurance Limited IPO is Nov 12, 2024.
Ans. The Niva Bupa Health Insurance Limited IPO will be listed on Nov 14, 2024.
Ans. Follow the steps to check the allotment status for Niva Bupa Health Insurance Limited IPO here.