Niva Bupa Health Insurance IPO Details
| IPO Open Date: | November 7, 2024 |
| IPO Close Date: | November 11, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹70 to ₹74 Per Share |
| Issue Size: | Approx ₹2,200 Crores |
| Fresh Issue: | Approx ₹800 Crores |
| Offer for Sale: | Approx ₹1,400 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Niva Bupa Health Insurance IPO Market Lot
The Niva Bupa Health Insurance IPO minimum market lot is 200 shares with ₹14,800 application amount. The retail investors can apply up-to 13 lots with 2600 shares or ₹192,400 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 200 | ₹14,800 |
| Retail Maximum | 13 | 2600 | ₹192,400 |
| S-HNI Minimum | 14 | 2,800 | ₹207,200 |
| B-HNI Minimum | 68 | 13,600 | ₹1,006,400 |
Niva Bupa Health Insurance IPO Dates
The Niva Bupa Health Insurance IPO date is November 7, close date is November 11. The Niva Bupa Health Insurance IPO allotment will be finalized on November 12 and the IPO listing on November 14.
| IPO Open Date: | November 7, 2024 |
| IPO Close Date: | November 11, 2024 |
| Basis of Allotment: | November 12, 2024 |
| Refunds: | November 13, 2024 |
| Credit to Demat Account: | November 13, 2024 |
| IPO Listing Date: | November 14, 2024 |
Promoters of Niva Bupa Health Insurance
The promoters of the company are Bupa Singapore Holdings Pte Ltd and Bupa Investments Overseas Limited.
About Niva Bupa Health Insurance
Niva Bupa was founded in 2008 and is well-known as one of the largest and fastest service providers in the healthcare sector, offering advanced products and services. They aim to create a health insurance platform of choice for customers in India and offer their customers a complete health ecosystem through the ‘Niva Bupa Health’ mobile app and website, providing a wide range of services and benefits for a holistic experience. Further, it has good financial performance as FY 31 March 2024 revenue is 4,118.63 CR and Assest is 3,232.62 CR, while PAT(Profit After Tax) increased by 552.73% between 2023 and 2024. The company is going to raise funds through an IPO of around 2,200 crore which is a combination of fresh issues of ₹800 crore and offers for sale up to 1,400 crores with face value of ₹10 each.
Niva Bupa Health Insurance Company Financial Report
The company reported revenue of ₹328.73 crores in 2024 against ₹413.07 crore in 2023. The company reported a profit of ₹81.85 crores in 2024 against a profit of ₹12.54 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹90.48 | ₹2,87.01 | ₹1,96.53 | ₹1,782.01 |
| 2023 | ₹4,13.07 | ₹4,00.53 | ₹12.54 | ₹2,091.89 |
| 2024 | ₹3,28.76 | ₹2,46.87 | ₹81.85 | ₹3,232.62 |
| June 2024 | ₹72.63 | ₹91.45 | ₹18.82 | ₹3,235.25 |
Niva Bupa Health Insurance IPO Valuation – FY2024
Check Niva Bupa Health Insurance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹0.51 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 5.68% |
| Net Asset Value (NAV): | ₹112.06 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Star Health and Allied Insurance Company Ltd | 14.48 | 36.97 | 14.35 | 108.35 | 8,45.01 Cr. |
| ICICI Lombard General Insurance Company Ltd | 39.03 | 45.92 | 17.17 | 242.75 | 19,18.59 Cr. |
| The New India Assurance Company Ltd | 6.77 | 35.23 | 5.13 | 132.55 | 10,91.12 Cr. |
Objects of the Issue
- Augmentation of capital base to strengthen solvency levels
- General corporate purposes.
Niva Bupa Health Insurance IPO Review
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Niva Bupa Health Insurance IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: [email protected]
Website: https://ris.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Morgan Stanley India Company Private Limited
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- Motilal Oswal Investment Advisors Limited
Company Address
Niva Bupa Health Insurance Limited
14th Floor, Capital Cyberscape, Sector-59,
Gurugram – 122 102, Haryana, India
Phone: +91 124 635 4900
Email: [email protected]
Website: www.nivabupa. com
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Note: The Niva Bupa Health Insurance IPO price band and date are officially announced. The (Niva Bupa Health Insurance IPO grey market premium) will be added to the IPO GMP page as it will start).
