Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review IPO 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 | 29,72,97,297 shares (aggregating up to ₹ 2,200.00 Cr) |
| Fresh Issue | 10,81,08,108 shares (aggregating up to ₹ 800.00 Cr) |
| Offer for Sale | 18,91,89,189 shares of ₹10 (aggregating up to ₹ 1,400.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 1,70,01,22,985 |
| Shareholding post issue | 1,80,82,31,093 |
About 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
Niva Bupa Health Insurance IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10.00% of Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
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.
Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
1,124.90
₹ Crore
Profit After Tax
-18.82
₹ Crore
Net Worth
2,031.77
₹ Crore
Total Borrowing
250.00
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | 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 | |||||
Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review 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 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
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.
Download regulatory filings
Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹ 14,800 |
| Retail (Max) | 13 | 2,600 | ₹ 1,92,400 |
| S-HNI (Min) | 14 | 2,800 | ₹ 2,07,200 |
| S-HNI (Max) | 67 | 13,400 | ₹ 9,91,600 |
| B-HNI (Min) | 68 | 13,600 | ₹ 10,06,400 |