Niva Bupa Health Insurance Company IPO: IPO Price, Details, GMP

Admin
05 November 2024

Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review

Founded in 2008, Niva Bupa Health Insurance Company Limited is a joint venture between the Bupa Group and Fettle Tone LLP, specializing in health insurance. The company offers a wide range of services, providing customers access to a comprehensive health ecosystem through its mobile app and website.

● Retail products tailored for individuals and families.
● Group products designed for employers and their employees.

Niva Bupa Health Insurance IPO Overview:

● Total Issue Size: ₹2,200 crores
○ Fresh Issue: 10.81 crore shares, aggregating ₹800 crores
○ Offer for Sale (OFS): 18.92 crore shares, aggregating ₹1,400 crores
● IPO Opening Date: November 7, 2024
● IPO Closing Date: November 11, 2024
● Price Band: ₹70 to ₹74 per share
● Minimum Lot Size: 200 shares
● Lead Managers:
○ ICICI Securities Limited
○ Morgan Stanley India Company Pvt Ltd
○ Kotak Mahindra Capital Company Limited
○ Axis Capital Limited
○ HDFC Bank Limited
○ Motilal Oswal Investment Advisors Limited
● Registrar: Kfin Technologies Limited

Niva Bupa Health Insurance Company Limited IPO And GMP

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Niva Bupa Health Insurance Company Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
	74	-

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Niva Bupa Health Insurance IPO Overview

Detail	Description
IPO Date	November 7, 2024 to November 11, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹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 Timeline (Tentative Schedule)

Detail	Description
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
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

Niva Bupa Health Insurance IPO Lot Size

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 Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not less than 75% of the Net Issue
Retail Shares Offered	Not less than 10.00% of Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Niva Bupa Health Insurance IPO Promoter Holding

Share Holding Pre Issue	62.27%
Share Holding Post Issue

Competitive Strength:

● Diverse product range to suit customer's needs.
● An automated approach to customer service driven by technology.
● Bupa parentage and brand associated with health insurance and healthcare.
● The company's expertise and experience in claims and provider management.

Niva Bupa Health Insurance Company Limited Financial Information

Period Ended	30 June 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

Key Performance Indicator

KPI	Values
Debt/Equity	0.12
RoNW	-0.92
P/BV	6.14

	Pre IPO	Post IPO
EPS (Rs)	0.48	-0.42
P/E (x)	153.7	-177.74

Objectives of Niva Bupa Health Insurance IPO

The company proposes to utilize the Net Proceeds towards the following objectives:

1. Augmentation of its capital base to strengthen solvency levels.

2. General corporate purposes.

FAQs for Niva Bupa Health Insurance IPO

What is Niva Bupa Health Insurance IPO?

Niva Bupa Health Insurance IPO is a main-board IPO. The company is going to raise ₹2,200 Crores via IPO. The issue is priced at ₹70 to ₹74 per equity share. The IPO is to be listed on BSE & NSE.
When will the Niva Bupa Health Insurance IPO open for subscription?

The IPO is to open on November 7, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 8, 2024.
What is Niva Bupa Health Insurance IPO Investors Portion?

The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
What is Niva Bupa Health Insurance Issue Size?

Niva Bupa Health Insurance issue size is ₹3,000 crores.
What is Niva Bupa Health Insurance IPO Price Band?

Niva Bupa Health Insurance IPO Price Band is ₹70 to ₹74.
What is Niva Bupa Health Insurance IPO Lot Size?

The minimum bid is 200 Shares with ₹14,800.
What is the Niva Bupa Health Insurance IPO Allotment Date?

Niva Bupa Health Insurance IPO allotment date is November 12, 2024.
What is the Niva Bupa Health Insurance IPO Listing Date?

Niva Bupa Health Insurance IPO listing date is November 14, 2024. The IPO is to be listed on BSE and NSE.
What is Niva Bupa Health Insurance current GMP?

The current GMP of the Niva Bupa Health Insurance is ---.