Niva Bupa Health Insurance Company IPO

NiftyTrader • November 7, 2024

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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

IPO Date	November 7, 2024 to November 11, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding pre-issue	1,700,122,985
Shareholding post-issue	1,808,231,093

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.

Application	Lots	Shares	Amount
Retail (Min)	1	200	₹14,800
Retail (Max)	13	2600	₹192,400
S-HNI (Min)	14	2,800	₹207,200
S-HNI (Max)	67	13,400	₹991,600
B-HNI (Min)	68	13,600	₹1,006,400

Niva Bupa Health Insurance IPO Objectives

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

Augmentation of its capital base to strengthen solvency levels and
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

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,542.06	6,191.87	3,876.57	2,738.44
Revenue	1,124.90	4,118.63	2,859.24	1,884.54
Profit After Tax	-18.82	81.85	12.54	-196.53
Net Worth	2,031.77	2,049.59	831.12	507.65
Reserves and Surplus	1,282.44	1,282.02	334.26	125.40
Total Borrowing	250.00	250.00	250.00	250.00
				Amount in ₹ Crore

Sagility India IPO Reservation

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	13,37,83,783 (45%)	NA
QIB Shares Offered	8,91,89,190 (30%)	NA
NII (HNI) Shares Offered	4,45,94,595 (15%)
bNII > ₹10L	2,97,29,730 (10%)	10,617
sNII < ₹10L	1,48,64,865 (5%)	5,308
Retail Shares Offered	2,97,29,730 (10%)	1,48,648
Total Shares Offered	29,72,97,298 (100%)

Niva Bupa Health Insurance IPO Timeline

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

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
A 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