₹ 14800
₹70- ₹74
200
₹78
6
11 Nov 2024
Download13 Nov 2024
14 Nov 2024
Application Details
The Niva Bupa Health Insurance IPO is set to open from November 7, 2024, to November 11, 2024, with a face value of ₹10 per share. The price band for the IPO is set between ₹70 and ₹74 per share, with a minimum lot size of 200 shares. The total issue size amounts to 297,297,297 shares, aggregating up to ₹2,200 crore. This includes a fresh issue of 108,108,108 shares (raising up to ₹800 crore) and an offer for sale of 189,189,189 shares, aggregating up to ₹1,400 crore.
Important dates for the IPO include the allotment basis on November 12, 2024, the initiation of refunds and crediting of shares to Demat accounts on November 13, and the listing date on November 14, 2024. Retail investors can apply for a minimum of one lot, which costs ₹14,800 for 200 shares and can apply for up to 13 lots, totalling 2,600 shares at ₹1,92,400.
About Niva Bupa Health Insurance Company Limited
Company Overview
Niva Bupa Health Insurance Company Limited, incorporated on September 5, 2008, is a joint venture between Bupa Group and Fettle Tone LLP. As one of India’s largest and fastest-growing Standalone Health Insurers (SAHI), it has achieved a Gross Direct Premium Income (GDPI) of ₹5,494.43 crore in Fiscal 2024. The company is also notable for being the only health insurance provider in India majority controlled by a foreign global healthcare group.
Product Portfolio
Niva Bupa offers a broad range of products tailored to different customer segments:
- Retail Products: Targeted at individuals and families, including health insurance, personal accident, and travel insurance.
- Group Products: Intended for employers and employees, providing coverage under similar categories.
These products are available through the company’s mobile app and website, ensuring access to a comprehensive ecosystem of healthcare and disease management solutions.
Growth and Market Presence
Financial Growth
From Fiscal Year 2022 to Fiscal Year 2024, Niva Bupa’s Gross Written Premium (GWP) saw substantial growth, achieving a compound annual growth rate (CAGR) of 41.27% overall and 33.41% in retail health. Notably, its GDPI growth of 41.37% over this period is nearly double the industry average, which stands at 21.42%. As of the quarter ending June 30, 2024, the GWP for both overall and retail health segments grew by 30.84% and 31.99%, respectively.
Geographic Reach and Market Share
As of March 31, 2024, Niva Bupa operates in 22 states and four union territories in India, with an active customer base of 14.73 million insured lives. By August 2024, the company captured a 17.29% market share in the Indian SAHI market, increasing from 13.87% in Fiscal 2022.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.