Niva Bupa Health Insurance IPO Details
The key details of Niva Bupa Health Insurance’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹2,200 Cr |
| Price Range | ₹70 - ₹74 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 200 |
| Investment (cut-off price) | ₹14,800 |
| Pre IPO Promotor Holding | 62.27% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Niva Bupa Health Insurance IPO Timelines
The IPO process for Niva Bupa Health Insurance includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
07/11/2024
Start Date11/11/2024
End Date13/11/2024
Refund Initiation13/11/2024
Credit of Shares to Demat Ac14/11/2024
Listing DateNiva Bupa Health Insurance IPO Lot Size
The Niva Bupa Health Insurance IPO has a fixed lot size of 200 shares, at an upper price band of ₹74 per share, requiring ₹14,800 per lot for retail investors. Retail investors can apply for a maximum of 2,600 shares worth ₹192,400. For Small HNI (S-HNI), the minimum application starts at 2,800 shares (₹207,200) up to 13,400 shares (₹991,600), while Big HNI (B-HNI) requires a minimum of 13,600 shares amounting to ₹1,006,400.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 200 | ₹14,800 |
| Retail Maximum | 13 | 2600 | ₹192,400 |
| S-HNI Minimum | 14 | 2800 | ₹207,200 |
| S-HNI Maximum | 67 | 13400 | ₹991,600 |
| B-HNI Minimum | 68 | 13600 | ₹1,006,400 |
Niva Bupa Health Insurance IPO Subscription Status
The subscription status for Niva Bupa Health Insurance IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 2.17x | 0.71x | 2.86x | -- | 1.90x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹78.14 | ₹74.02 | ₹81 | ₹73.51 |
Niva Bupa Health Insurance IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹90.48 | ₹2,87.01 | -₹1,96.53 |
| FY 2023 | ₹4,13.07 | ₹4,00.53 | ₹12.54 |
| FY 2024 | ₹3,28.76 | ₹2,46.87 | ₹81.85 |
About Company
Niva Bupa Health Insurance Limited focuses on empowering Indians to access quality healthcare through its comprehensive insurance products and services. As one of India’s largest standalone health insurance companies, it reported a gross direct premium income (GDPI) of ₹54,944.28 million for Fiscal 2024, achieving a remarkable compound annual growth rate (CAGR) of 41.27% in overall gross written premium (GWP) from Fiscal 2022 to Fiscal 2024. This growth is nearly double the industry average, with Niva Bupa capturing a market share of 16.24% in the standalone health insurance sector.
Over its 16 years of operation, Niva Bupa has established a strong reputation for product innovation and customer service. The company offers a range of healthcare solutions through its mobile application and website, enhancing accessibility for its 14.73 million insured lives. Backed by the Bupa Group, a global healthcare organization, Niva Bupa continues to expand its presence in the Indian health insurance market while maintaining a commitment to meeting diverse customer needs.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2008 | Finance | Krishnan Ramachandran |
Know Before Investing
Niva Bupa Health Insurance IPO Strengths
- The third largest SAHI in India is based on overall health GDPI.
- Achieved 41.37% CAGR in overall health GDPI from FY22-FY24.
- Market share of 16.24% in the Indian SAHI market in FY24.
- High LTV products contributed 70.72% of new retail health policies.
- Improved Claims Ratio to 59.02% in FY24 from 62.12% in FY22.
- Digitally processed 99.95% of new policies in FY24.
- Processed 81.50% of cashless claims under 30 minutes in FY24.
- Grew Assets Under Management to ₹54,582.31 million by FY24.
Niva Bupa Health Insurance IPO Risks
- Profitability depends on accurate medical expenses and claims estimation.
- Health insurance concentration poses a risk to business performance.
- Inaccurate product alignment can reduce customer base and profitability.
- Regulatory inspections by IRDAI may cause reputational harm.
- Reliance on intermediated distribution channels affects business stability.
- Network Hospitals’ relationships are crucial for cashless claims services.
- Must meet Solvency Ratio and investment allocation requirements.
- Cyberattacks on IT systems could harm operations significantly.
Swot Analysis for Niva Bupa Health Insurance IPO
Strengths
Strong Distribution Network, Experienced Promoters
Weaknesses
Profitability Concerns
Opportunities
Expansion of Distribution Network, Increased awareness of health insurance
Threats
Intense Competition, Regulatory Changes
Company Details
Niva Bupa Health Insurance Company Limited
C-98, 1st Floor
Lajpat Nagar, Part 1
South Delhi, New Delhi-110024
Phone: +91 1246354900
Email: [email protected]
Website: https://www.nivabupa.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Niva Bupa Health Insurance IPO are:
- Augmentation of its capital base to strengthen solvency levels; and
- General corporate purposes
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, Morgan Stanley India Company Pvt Ltd, Hdfc Bank Limited, Axis Capital Limited are the book-running lead managers for the Niva Bupa Health Insurance IPO.