Niva Bupa Health Insurance

Niva Bupa Health Insurance

Mainboard

₹14,800 / 200 Shares

Offer Date:Nov 7, 2024 - Nov 11, 2024
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Niva Bupa Health Insurance IPO Details

The Niva Bupa Health Insurance IPO price band is set between ₹70-74 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 7 Nov, 2024 and closes on 11 Nov, 2024. Investors can check the allotment status on 12 Nov, 2024, while the listing date is tentatively scheduled for 14 Nov, 2024.

The total issue size is Total ₹2,200 Cr :#Fresh Issue : 108,108,108 shares, aggregating up to ₹800 Cr. Stay tuned for the latest Niva Bupa Health Insurance IPO review and GMP updates.

Niva Bupa Health Insurance IPO Review, Rating & Analysis

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Niva Bupa Health Insurance IPO Rating

Niva Bupa Health Insurance IPO Highlights

IPO Date

Nov 7, 2024 - Nov 11, 2024

Listing Date

14 Nov, 2024

Face Value

₹10 Per Equity Share

Price Band

₹70-74 per equity share

Lot Size

200 Shares

Fresh Issue

108,108,108 Shares

Offer for Sale

189,189,189 shares of ₹10

Listing At

BSE, NSE

Niva Bupa Health Insurance IPO Lot Size

The minimum market lot for Niva Bupa Health Insurance IPO is 200 shares with an application amount of ₹14,800. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)1200₹14,800
Retail (Max)132600₹1,92,400
S-HNI (Min)142800₹2,07,200
S-HNI (Max)6713400₹9,91,600
B-HNI (Min)6813600₹10,06,400

Niva Bupa Health Insurance IPO Timeline

IPO Open Date
7 Nov, 2024
IPO Close Date
11 Nov, 2024
Basis of Allotment
12 Nov, 2024
Listing Date
14 Nov, 2024

Issue Price

₹70-74 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Lead Manager

ICICI Securities LimitedMorgan Stanley India Company Pvt LtdKotak Mahindra Capital Company LimitedAxis Capital LimitedHdfc Bank LimitedMotilal 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)

Niva Bupa Health Insurance IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 243232.624118.6381.852049.591282.02250.00
31 Mar 232091.892859.2412.54831.12334.26250.00
31 Mar 221782.011884.54-196.53507.65125.40250.00

All values are in ₹ Cr.

Niva Bupa Health Insurance IPO Valuations

EPS Pre IPO

0.48

EPS Post IPO

-0.42

PE Pre IPO

153.7

PE Post IPO

-177.74

ROE

-

ROCE

-

Debt Equity

0.12

RoNW

-0.92

PAT Margin

-

Price to Book Value

6.14

Promoters & Share Holding

Promoter(s) Name

  • Bupa Singapore Holdings Pte. Ltd
  • Bupa Investments Overseas Limited
Share Holding Pre IssueShare Holding Post Issue
88.98%73.37%

About 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.

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Niva Bupa Health Insurance IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved89,189,190
44,594,595

29,729,730    14,864,865
29,729,730163,513,515
Day 1 -07-11-24 05:00 PM
0.79 x
0.33

0.45 x   0.09 x
0.71 x0.65 x
Day 2 -08-11-24 05:00 PM
1.50 x
0.40

0.49 x   0.22 x
1.34 x1.17 x
Day 3 -11-11-24 05:00 PM
2.06 x
0.68

0.66 x   0.70 x
2.73 x1.80 x
Total No. of Applications:3,91,443 (Approx)
Retail Subscription:

Retail:2.61x

BHNI:0.08x

SHNI:0.64x times

Company Contact Details

Niva Bupa Health Insurance

C-98, 1st Floor, Lajpat Nagar, Part 1, South Delhi, New Delhi-110024

Phone: +91 1246354900

Email: investor@nivabupa.com

Website: https://www.nivabupa.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: nivabupa.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Frequently Asked Questions about Niva Bupa Health Insurance IPO

When will Niva Bupa Health Insurance IPO open for subscription?

The Niva Bupa Health Insurance IPO opens on 7 Nov, 2024 and closes on 11 Nov, 2024.

What is the investors portion for Niva Bupa Health Insurance IPO?

The investors' portion for QIB is 2.06 x, NII is 0.66 x, and Retail is 2.73 x.

How to apply for Niva Bupa Health Insurance IPO?

You can apply for Niva Bupa Health Insurance IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Niva Bupa Health Insurance IPO?

The issue size of Niva Bupa Health Insurance IPO is approx ₹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) crores.

What is the price band of Niva Bupa Health Insurance IPO?

The price band for Niva Bupa Health Insurance IPO is ₹70 to ₹74 per equity share.

What is the lot size of Niva Bupa Health Insurance IPO?

The minimum bid (lot size) for Niva Bupa Health Insurance IPO is N/A shares with an investment of approx ₹14,800 .

What is the allotment date of Niva Bupa Health Insurance IPO?

The allotment date for Niva Bupa Health Insurance IPO is 12 Nov, 2024.

What is the listing date of Niva Bupa Health Insurance IPO?

The listing date for Niva Bupa Health Insurance IPO is expected to be 14 Nov, 2024.

What is the GMP of Niva Bupa Health Insurance IPO?

The latest Grey Market Premium (GMP) for Niva Bupa Health Insurance IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Niva Bupa Health Insurance IPO Date, Review, Price, Allotment Details, GMP | IPOROCK