Niva Bupa Health Insurance Company Ltd
Price Range
₹70 - ₹74
-
Min. Quantity
200
Closes on
11 November 2024
-
Min. investment
₹14,800/2,600 Shares
Niva Bupa Health Insurance Company Ltd IPO Timeline
Niva Bupa Health Insurance Company Limited was originally incorporated as Max Bupa Health Insurance Limited' at New Delhi, Delhi as a Public Limited Company dated September 5, 2008, issued by the Assistant Registrar of Companies and was granted its Certificate for Commencement of Business on December 23, 2008 by the Deputy Registrar of Companies, NCT of Delhi and Haryana. Thereafter, the Company name was changed to Max Bupa Health Insurance Company Limited', dated July 30, 2009 and again the Company name changed to Niva Bupa Health Insurance Company Limited' pursuant to a fresh Certificate of Incorporation dated July 5, 2021 issued by the Registrar of Companies, Delhi.
| Event | Date |
|---|---|
| Niva Bupa Health Insurance Company Ltd IPO Opening Date | 7 November 2024 |
| Niva Bupa Health Insurance Company Ltd IPO Closing Date | 11 November 2024 |
| Basis of Allotment | 12 November 2024 |
| Initiation of Refunds | 13 November 2024 |
| Credit of Shares to Demat | 13 November 2024 |
| Niva Bupa Health Insurance Company Ltd IPO Listing Date | 14 November 2024 |
Niva Bupa Health Insurance Company Ltd IPO Details
| Niva Bupa Health Insurance Company Ltd IPO Date | 7 November 2024 to 11 November 2024 |
| Niva Bupa Health Insurance Company Ltd IPO Face Value | ₹10 per share |
| Niva Bupa Health Insurance Company Ltd IPO Price | ₹70 to ₹74 per share |
| Niva Bupa Health Insurance Company Ltd IPO Lot Size | 200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹2,200 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹800 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹1,400 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 9,42,85,715 of the Net Offer |
| Retail Shares Offered | Not less than 3,14,28,571 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 4,71,42,857 of the Net Offer |
| Company Promoters | Bupa Singapore Holdings Pte.Lt, Bupa Investment Overseas Ltd, Fettle Tone LLP |
Niva Bupa Health Insurance Company Ltd IPO Lot Size
The Niva Bupa Health Insurance Company Ltd IPO lot size is 200 shares. A retail-individual investor can apply for up to 13 lots (2,600 shares or ₹1,92,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 200 | ₹14,800 |
| Maximum | 13 | 2,600 | ₹1,92,400 |
- Strengths
- Risks
- Opportunities
- Granular retail health insurer with a focus on delivering robust GWP growth, capital efficiency and profitability.
- Our diverse product suite for customers, bolstered by our track record for product innovation.
- Technology-led automated approach to customer servicing.
- Bupa parentage and brand associated with health insurance and healthcare.
- Our domain knowledge and experience in claims and provider management.
- Multi-channel diversified pan-India distribution, with technology-led empowerment of distribution partners.
- Our technology and analytics platforms.
- Experienced management team backed by established investors and underpinned by sustainable employment practices.
Company Financials
Niva Bupa Health Insurance Company Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,368.69 | 4,336.27 | 81.85 |
| 03-2023 | 64.26 | 3,227.32 | 12.54 |
| 03-2022 | -270.71 | 2,158.7 | -196.53 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Augment the Company Capital Base
Niva Bupa Health Insurance Company Ltd IPO Promoter Holding
| Pre Issue Share Holding | 62.19% |
| Post Issue Share Holding | 56.56% |
Niva Bupa Health Insurance Company Ltd IPO Subscription Status (Bidding Detail)
The Niva Bupa Health Insurance Company Ltd IPO is subscribed 1.8 times on 11 November 2024 05:00:00 PM. The public issue subscribed 2.73 times in the retail category, 2.06 times in the QIB category, and 0.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 2.06 | 0.68 | 2.73 | - | 1.8 |
Niva Bupa Health Insurance Company Ltd IPO Prospectus
Niva Bupa Health Insurance Company Ltd IPO Listing Date
| BSE Script | 544286 |
| NSE Symbol | NIVABUPA |
| Listing In | BSE, NSE |
| ISIN | INE995S01015 |
| IPO Price | ₹74 |
| Face Value | ₹10 |
Company Contact Information
C-98 1st Flr Lajpat NagarPart 1 South Delhi,New Delhi-110024
Phone: +91 124 635 4900
Email: investor@nivabupa.com
Website: www.nivabupa.com
Niva Bupa Health Insurance Company Ltd IPO Registrar
Niva Bupa Health Insurance Company Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Morgan Stanley India Company Pvt Ltd
- Kotak Mahindra Capital Company Ltd
- Axis Capital Ltd
- HDFC Bank Ltd
- Motilal Oswal Investment Advisors Ltd
FAQ
What is the issue size of Niva Bupa Health Insurance Company Ltd IPO?
I have pre-applied for Niva Bupa Health Insurance Company Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.