The Niva Bupa Health Insurance IPO is structured as a book-built issue amounting to Rs 3,000.00 crores. This issue comprises a fresh issue valued at Rs 800.00 crores along with an offer for sale totaling Rs 2,200.00 crores.
The dates for the Niva Bupa Health Insurance IPO are yet to be announced.
The price bands for the Niva Bupa Health Insurance IPO are yet to be announced.
| IPO Date | November 7, 2024 to November 11, 2024 |
| Listing Date | November 14, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 70 to ₹ 74 / Share |
| Lot Size | 200 Shares |
| Total Issue Size | ₹3,000.00 Cr |
| Fresh Issue | ₹800.00 Cr |
| Offer for Sale | ₹2,200.00 Cr |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 1,700,122,985 |
| Share holding post issue | 1,808,231,093 |
| Market Maker portion |
Niva Bupa Health Insurance Company Limited IPO opens on November 7, 2024, and closes on November 11, 2024.
| IPO Open Date | November 7, 2024 |
| IPO Close Date | November 11, 2024 |
| Basis of Allotment | November 12, 2024 |
| Initiation of Refunds | November 13, 2024 |
| Credit of Shares to Demat | November 13, 2024 |
| Listing Date | November 14, 2024 |
| Cut-off time for UPI mandate confirmation | November 11, 2024 |
Investors can bid for a minimum of 200 shares, with additional bids in multiples thereof. The table below outlines the minimum and maximum investment for retail investors and HNIs, both in terms of shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | Rs.14,800 |
| Retail (Max) | 13 | 2,600 | Rs.192,400 |
| S-HNI (Min) | 14 | 2,800 | Rs.207,200 |
| S-HNI (Max) | 67 | 13,400 | Rs.991,600 |
| B-HNI (Min) | 68 | 13,600 | Rs.1,006,400 |
| HNI (Min) |
| Share Holding Pre Issue | 62.27% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not less than 75% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 10.00% of Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 2008, Niva Bupa Health Insurance Company Limited was established as a joint venture between the Bupa Group and Fettle Tone LLP to provide insurance in the health sector.
A holistic proposition is offered by the company, providing customers with access to a comprehensive health ecosystem and service capabilities through its Niva Bupa Health mobile application and website.
The company's products are broadly categorized into the following:
Retail products are designed for individuals and families.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | 0.12 |
| RoNW | -0.92 |
| P/BV | 6.14 |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.48 | -0.42 |
| P/E (x) | 153.7 | -177.74 |
The net proceeds are proposed to be utilized by the company towards the following objectives:
Augmentation of its capital base to strengthen solvency levels is proposed.
General corporate purposes are proposed to be addressed.
Niva Bupa Health Insurance Company Limited C-98, 1st Floor Lajpat Nagar, Part 1 South Delhi, New Delhi-110024 Phone: +91 1246354900 Email: investor@nivabupa.com Website: https://www.nivabupa.com/ |
Phone: 04067162222, 04079611000 Email: nivabupa.ipo@kfintech.com |
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