he subscription period for Niva Bupa Healthcare’s initial public offering (IPO) commenced today. The offering for sale (OFS) of Rs 1.89 crore shares and a new equity sale of Rs 800 crore will be up for bid until November 11.
The Niva Bupa IPO lot size is 200 equity shares, with subsequent lots being in multiples of 200 equity shares. A minimum of 75% of the shares in the public offering of Niva Bupa Health Insurance have been set aside for qualified institutional buyers (QIB), a maximum of 15% for non-institutional institutional investors (NII), and a maximum of 10% for retail investors.
Niva Bupa Health Insurance IPO Details
| IPO Open Date | November 7, 2024 |
| IPO Close Date | November 11, 2024 |
| Listing Date | Thursday, November 14, 2024 |
| 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 |
Niva Bupa Health Insurance Financials
| FY 2024 | |
| Assets | 6,542.06 |
| Revenue | 1,124.90 |
| Profit After Tax | -18.82 |
| Net Worth | 2,031.77 |
| KPI | Values |
| Debt/Equity | 0.12 |
| RoNW | -0.92 |
| P/BV | 6.14 |
About the Company – Niva Bupa Health Insurance
One of India’s biggest and fastest-growing health insurers, Niva Bupa Health Insurance Company Limited, reported a noteworthy total health GDPI of ₹54,944.28 million in Fiscal 2024. With a compound annual growth rate (CAGR) of 41.37% in health gross direct premium income (GDPI) over the last two years, it has greatly exceeded the industry average. The company offers a full range of health services, including digital consultations, policy administration, and tests, through its “Niva Bupa Health” website and mobile app.
Because of its support from the Bupa Group, it has access to global knowledge. The business uses a data-driven approach to client management, based on lifetime value (LTV), and it keeps a varied distribution network that includes both direct sales and middlemen. It also places a strong emphasis on digital integration, has a sizable hospital network, and a high claims settlement percentage.
