NIVA BUPA Health Insurance IPO
Niva Bupa Health Insurance aims to “give every Indian the confidence to access the best healthcare”. The company aims to achieve this purpose through its 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, Niva Bupa Health Insurance is one of India’s largest and fastest growing SAHI based on overall health GDPI of ₹54,944.28 million in Fiscal 2024. From Fiscal 2022 to Fiscal 2024, its overall GWP grew at a CAGR of 41.27% and GWP from retail health grew at a CAGR of 33.41%. The company’s 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, it 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.
| Opening Date Thursday, November 7, 2024 | Closing Date Monday, November 11, 2024 |
| Price Band ₹70 to ₹74 per share | Issue Size 297,297,297 shares (aggregating up to ₹2,200.00 Cr) |
| Face Value ₹10 per share | Market Lot 200 Shares |
| Listing at NSE,BSE | |
| IPO Open Date | Thursday, November 7, 2024 |
|---|---|
| IPO Close Date | Monday, November 11, 2024 |
| Allotment Date | Tuesday, November 12, 2024 |
| Initiation Of Refunds | Wednesday, November 13, 2024 |
| Credit Of Shares To Demat Account | Wednesday, November 13, 2024 |
| IPO Listing Date | Thursday, November 14, 2024 |
| UPI Mandate Expiry Date | 5 PM on November 11, 2024 |
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Financial Highlights
| Period Ended | 30 Jun 2024 (In Cr.) | 31 Mar 2024 (In Cr.) | 31 Mar 2023 (In Cr.) | 31 Mar 2022 (In Cr.) |
| 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 |
Strengths & Weakness of Niva Bupa Health Insurance IPO
| Strengths | Weaknesses | ||
|---|---|---|---|
| Granular retail health insurer with a focus on delivering robust GWP growth, capital efficiency and profitability; | Profitability relies on effective risk management and pricing, with mis-estimations potentially impacting business and financial health. | ||
| Multi-channel diversified pan-India distribution, with technology-led empowerment of distribution partners | Reliance on health insurance makes it vulnerable to trends and developments affecting its sales. | ||
| Technology-led automated approach to customer servicing | Extensive IRDAI supervision and regulatory actions could harm its reputation and impact business and finances. | ||
| Bupa parentage and brand associated with health insurance and healthcare | Failure to accurately and timely pay claims could lead to customer dissatisfaction and result in regulatory actions or penalties, which could materially and adversely affect business, financial condition, results of operations, cash flows and prospects. | ||
How to apply in IPO via UPI on Dynami
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How to apply for Niva Bupa Health Insurance IPO ?
Retail investors need to apply for the IPO using UPI
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for NIVA BUPA Health Insurance IPO and approve the payment on your UPI ID.
Demat Account
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- If you’re a new investor, open free demat account with our Dynami App and begin your investment journey.
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Frequently Asked Questions
What is the price band of the IPO?
The price band for the IPO is set between ₹70 to ₹74 per share.
What is the issue size of the company?
The issue size of the company is ₹2,200.00 Cr.
What is the minimum lot size of the IPO?
The minimum lot size for this IPO is 200 Shares.
What is the minimum investment required?
The minimum investment required is ₹14,000.