Niva Bupa Health Insurance Limited IPO

Mainboard

Listed On: Nov 14, 2024 at ₹ 78.14(NSE)

₹ 14800 /200 Shares

Check Allotment

Niva Bupa Health Insurance IPO Details

07 Nov, 2024

Open Date

11 Nov, 2024

Close Date

12 Nov, 2024

Allotment Date

14 Nov, 2024

Listing Date

Issue Price

₹70-74 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

78.14(NSE)

Listing Date

2024-11-14

Market Lot

Retail : 200 Shares (₹14,800/-)
S-HNI : 2,800 Shares (₹2,07,200/-)
B-HNI : 13,600 Shares (₹10,06,400/-)

Lead Manager

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

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)

Retail Portion

10% (Number of Retail Applications: 1,48,649 Approx),
(Number of S-HNI Applications : 5,309 Approx),
(Number of B-HNI Applications : 10,618 Approx)

Subscription

1.80 times

IPO Docs

DRHP RHP ANCHOR

Niva Bupa Health Insurance IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	89,189,190	44,594,595 29,729,730 14,864,865	29,729,730	163,513,515
Day 1 - 07-11-24 05:00 PM	0.79 x	0.33 0.45 x 0.09 x	0.71 x	0.65 x
Day 2 - 08-11-24 05:00 PM	1.50 x	0.40 0.49 x 0.22 x	1.34 x	1.17 x
Day 3 - 11-11-24 05:00 PM	2.06 x	0.68 0.66 x 0.70 x	2.73 x	1.80 x

Total No. of Applications: 3,91,443 (Approx)

Retail Subscription on the basis of Applications: Retail:2.61x BHNI:0.08x SHNI:0.64x times

Niva Bupa Health Insurance Valuations

EPS Pre IPO

0.48

EPS Post IPO

-0.42

P/E Pre IPO

153.7

P/E Post IPO

-177.74

RoNW

Niva Bupa Health Insurance Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	3,232.62	2,091.89	1,782.01
Revenue	4,118.63	2,859.24	1,884.54
Profit After Tax	81.85	12.54	-196.53

About The 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.

Niva Bupa Health Insurance - Strength and Weakness

Strength

The third largest SAHI in India is based on overall health GDPI.

Market share of 16.24% in the Indian SAHI market in FY24.

Digitally processed 99.95% of new policies in FY24.

Grew Assets Under Management to ₹54,582.31 million by FY24.

Weakness

Profitability depends on accurate medical expenses and claims estimation.

Regulatory inspections by IRDAI may cause reputational harm.

Network Hospitals' relationships are crucial for cashless claims services.

Niva Bupa Health Insurance - Promoter(s)

Pre Issue Share Holding: 62.27%

Post Issue Share Holding: N/A%

Company Promoter(s)

Bupa Singapore Holdings Pte. Ltd
Bupa Investments Overseas Limited

Niva Bupa Health Insurance IPO - Issue Objectives

Augmentation of its capital base to strengthen solvency levels
General corporate purposes

Niva Bupa Health Insurance IPO - Anchor Investors

Niva Bupa Health Insurance closes anchor book, raises Rs 990 crore.

Global investors who participated in the anchor book included Morgan Stanley, Fidelity, Government Pension Fund Global, Templeton Emerging Markets Investment Trust, First Sentier Investors International, and The Scottish Oriental Smaller Companies.

Several domestic mutual funds including Nippon Life India, Axis Mutual Fund, Tata Mutual Fund, DSP India, Motilal Oswal AMC, and Union Small Cap Fund also invested in Niva Bupa via anchor book.

Other Details

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/

Niva Bupa Health Insurance IPO - FAQs

Ans. Niva Bupa Health Insurance Limited IPO is a Mainboard IPO. The issue is priced at ₹70-74 per equity share. The minimum order quantity is 200 Shares. The IPO opens on Nov 7, 2024, and closes on Nov 11, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Ans. The size of Niva Bupa Health Insurance Limited IPO is 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).

Ans. The IPO price band is set between ₹70-74 per equity share.

Ans. To apply for Niva Bupa Health Insurance Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Niva Bupa Health Insurance Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Niva Bupa Health Insurance Limited IPO is Nov 12, 2024.

Ans. The Niva Bupa Health Insurance Limited IPO will be listed on Nov 14, 2024.

Ans. Follow the steps to check the allotment status for Niva Bupa Health Insurance Limited IPO here.