Niva Bupa Health Insurance Company IPO

Niva Bupa Health Insurance Company IPO  opens for subscription on November 7, 2024 and closes on November 11, 2024. The allotment for the Niva Bupa Health Insurance IPO is expected to be finalized on Tuesday, November 12, 2024. Niva Bupa Health Insurance IPO will list on BSE, NSE with tentative listing date fixed as Thursday, November 14, 2024.

Niva Bupa Health Insurance IPO price band is set at ₹70 to ₹74 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹14,800. The minimum lot size investment for sNII is 14 lots (2,800 shares), amounting to ₹207,200, and for bNII, it is 68 lots (13,600 shares), amounting to ₹1,006,400.

Niva Bupa Health Insurance IPO is a book built issue of Rs 2,200.00 crores. The issue is a combination of fresh issue of 10.81 crore shares aggregating to Rs 800.00 crores and offer for sale of 18.92 crore shares aggregating to Rs 1,400.00 crores.

Niva Bupa Health Insurance IPO Details

Niva Bupa Health Insurance IPO Lot Size

Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Niva Bupa Health Insurance IPO Objectives

The company proposes to utilise the Net Proceeds towards the following objects:

1. Augmentation of its capital base to strengthen solvency levels and
2. General corporate purposes

About Niva Bupa Health Insurance Company Limited

Niva Bupa Health Insurance Company Limited, incorporated in 2008, is a joint venture between the Bupa Group and Fettle Tone LLP, offering health insurance solutions across India. With a diverse portfolio catering to individuals, families, and groups, the company insured 14.73 million active lives as of March 31, 2024, and operates in 22 states and four union territories. Its strong growth is reflected in a GWP CAGR of 41.27% from FY22 to FY24, driven by retail health growth at 33.41%. Leveraging technology through its telemarketing team of 410 employees and a dedicated tech team of 126, the company employs AI-powered tools like machine learning for lead scoring and real-time CRM dashboards, enhancing customer engagement. Supported by its parent company Bupa’s global healthcare expertise, Niva Bupa delivers competitive products and efficient claims management, solidifying its reputation as a leader in the health insurance sector.

Niva Bupa Health Insurance Company Limited Financial Information

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Niva Bupa Health Insurance IPO Timeline

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