Niva Bupa Health Insurance IPO Details
| IPO Issue Open Date: | 7 November 2024 |
| IPO Issue Close Date: | 11 November 2024 |
| IPO Issue Price Band: | ₹70 to ₹74 per share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹2,200.00 Crores | 108,108,108 shares |
| Fresh Issue: | ₹800.00 Crores | 189,189,189 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE, NSE |
| IPO Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Niva Bupa Health Insurance IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| DRHP Draft Prospectus: | Click Here |
Niva Bupa Health Insurance IPO Dates Timeline
| Issue Open Date: | 7 November 2024 |
| Issue Close Date: | 11 November 2024 |
| Basis of Allotment Date: | 12 November 2024 |
| Refunds Initiation: | 13 November 2024 |
| Shares Credit in Demat: | 13 November 2024 |
| IPO Listing Date Detail: | 14 November 2024 |
Niva Bupa Health Insurance IPO Market Lot
Niva Bupa Health Insurance IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹– | ₹– | ₹– | -% |
| 7th Nov | ₹– | ₹– | ₹– | -% |
| 6th Nov | ₹– | ₹– | ₹– | -% |
| 4th Nov | ₹– | ₹- | ₹- | -% |
About Niva Bupa Health Insurance
Their purpose is to “give every Indian the confidence to access the best healthcare”. We aim to achieve this purpose through our health insurance products and services that enable customers to navigate their healthcare journey, by providing them access to a holistic health ecosystem. According to the Redseer Report, we are one of India’s largest and fastest growing SAHIbased on overall health GDPI of ₹54,944.28 million in Fiscal 2024. From Fiscal 2022 to Fiscal 2024, our overall GWP grew at a CAGR of 41.27% and our GWP from retail health grew at a CAGR of 33.41%.
Their growth in overall health GDPI from Fiscal 2022 to Fiscal 2024 of 41.37% is one of the highest growths among SAHIs, and is almost double of the industry’s average, which according to the Redseer Report, increased by 21.42% from Fiscal 2022 to Fiscal 2024. As per the Redseer Report, we had a market share in the Indian SAHI market of 16.24%, 15.58% and 13.87% for Fiscals 2024, 2023, and 2022 respectively based on retail health GDPI. For more information on GWP, see “Other Financial Information –Gross Written Premium or GWP” on page 331
Niva Bupa Health Insurance IPO Strengths
- 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;
Objects of the IPO Issue
- Augmentation of its capital base to strengthen solvency levels and
- General corporate purposes
Niva Bupa Health Insurance Company Financial Report
The company reported revenue of ₹328.73 crores in 2024 against ₹413.07 crores in 2023. The company reported a profit of ₹81.85 crores in 2024 against a Profit of ₹12.54 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹90.48 | ₹2,87.01 | ₹1,96.53 | ₹1,782.01 |
| 2023 | ₹4,13.07 | ₹4,00.53 | ₹12.54 | ₹2,091.89 |
| 2024 | ₹3,28.76 | ₹2,46.87 | ₹81.85 | ₹3,232.62 |
| June 2024 | ₹72.63 | ₹91.45 | ₹81.82 | ₹3,235.25 |
Niva Bupa Health Insurance IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹0.51 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 5.68% |
| Net Asset Value (NAV): | ₹112.06 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Star Health and Allied Insurance Company Ltd | 14.48 | 36.97 | 14.35 | 108.35 | 8,45.01 Cr. |
| ICICI Lombard General Insurance Company Ltd | 39.03 | 45.92 | 17.17 | 242.75 | 19,18.59 Cr. |
| The New India Assurance Company Ltd | 6.77 | 35.23 | 5.13 | 132.55 | 10,91.12 Cr. |
Niva Bupa Health Insurance IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: nivabupa.ipo@kfintech.com
Website: https://ris.kfintech.com/
Niva Bupa Health Insurance IPO Lead Manager
- ICICI Securities Limited
- Morgan Stanley India Company Private Limited
- Axis Capital Limited
- Motilal Oswal Investment Advisors Limited
Niva Bupa Health Insurance IPO allotment status check on Link Intime website. Click on Kfin Technologies
to get allotment status.
Promoters of Niva Bupa Health Insurance
- Bupa Singapore Holdings Pte. Ltd
- Bupa Investments Overseas Limited.
Company Address
Niva Bupa Health Insurance
Niva Bupa Health Insurance Limited
14th Floor, Capital Cyberscape, Sector-59,
Gurugram – 122 102, Haryana, India
Phone: +91 124 635 4900
Email: Investor@nivabupa.com
Website: www.nivabupa. com