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Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review
Founded in 2008, Niva Bupa Health Insurance Company Limited is a joint venture between the Bupa Group and Fettle Tone LLP, specializing in health insurance. The company offers a wide range of services, providing customers access to a comprehensive health ecosystem through its mobile app and website.
Niva Bupa's product offerings are divided into two main categories:
- • Retail products tailored for individuals and families.
- • Group products designed for employers and their employees.
Niva Bupa Health Insurance IPO Overview:
- • Total Issue Size: ₹ 2,200 crores
- • Fresh Issue: 10.81 crore shares, aggregating ₹800 crores
- • Offer for Sale (OFS): 18.92 crore shares, aggregating ₹1,400 crores
- • IPO Opening Date: November 7, 2024
- • IPO Closing Date: November 11, 2024
- • Price Band: ₹70 to ₹ 74 per share
- • Minimum Lot Size: 200 shares
- • Lead Managers:
- • 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
- • Registrar: Kfin Technologies Limited
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 74 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review Details
| Detail | Description |
|---|---|
| IPO Date | November 7, 2024 to November 11, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹74 per share |
| Lot Size | 200 Shares |
| Total Issue Size | 297,297,297 shares (aggregating up to ₹2,200.00 Cr) |
| Fresh Issue | 108,108,108 shares (aggregating up to ₹800.00 Cr) |
| Offer for Sale | 189,189,189 shares of ₹10 (aggregating up to ₹1,400.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 1,700,122,985 |
| Shareholding post issue | 1,808,231,093 |
Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, November 7, 2024 |
| IPO Close Date | Monday, November 11, 2024 |
| Basis of Allotment | Tuesday, November 12, 2024 |
| Initiation of Refunds | Wednesday, November 13, 2024 |
| Credit of Shares to Demat | Wednesday, November 13, 2024 |
| Listing Date | Thursday, November 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 11, 2024 |
Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹14,800 |
| Retail (Max) | 13 | 2600 | ₹192,400 |
| S-HNI (Min) | 14 | 2,800 | ₹207,200 |
| S-HNI (Max) | 67 | 13,400 | ₹991,600 |
| B-HNI (Min) | 68 | 13,600 | ₹1,006,400 |
Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 62.27% | - |
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 Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 6,542.06 | 1,124.90 | -18.82 | 2,031.77 | - | 250.00 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 6,191.87 | 4,118.63 | 81.85 | 2,049.59 | - | 250.00 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 3,876.57 | 2,859.24 | 12.54 | 831.12 | - | 250.00 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 2,738.44 | 1,884.54 | -196.53 | 507.65 | - | 250.00 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 0.12 |
| RoNW | -0.92 |
| P/BV | 6.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.48 | -0.42 |
| P/E (x) | 153.7 | -177.74 |
Objectives of Niva Bupa Health Insurance IPO
The company proposes to utilize the Net Proceeds towards the following objectives:
- • Augmentation of its capital base to strengthen solvency levels.
- • General corporate purposes.
RHP:
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Frequently Asked Questions (FAQs)
-
What is Niva Bupa Health Insurance IPO?
Niva Bupa Health Insurance IPO is a main-board IPO. The company is going to raise ₹2,200 Crores via IPO. The issue is priced at ₹70 to ₹74 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the Niva Bupa Health Insurance IPO open for subscription?
The IPO is to open on November 7, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 8, 2024.
-
What is Niva Bupa Health Insurance IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
-
What is Niva Bupa Health Insurance Issue Size?
Niva Bupa Health Insurance issue size is ₹3,000 crores.
-
What is Niva Bupa Health Insurance IPO Price Band?
Niva Bupa Health Insurance IPO Price Band is ₹70 to ₹74.
-
What is Niva Bupa Health Insurance IPO Lot Size?
The minimum bid is 200 Shares with ₹14,800.
-
What is the Niva Bupa Health Insurance IPO Allotment Date?
Niva Bupa Health Insurance IPO allotment date is November 12, 2024.
