Niva Bupa Health Insurance Company Limited, a prominent player in India’s health insurance sector, has launched its Initial Public Offering (IPO). This highly anticipated IPO aims to raise ₹2,200 crore, paving the way for the company’s future growth and expansion. With a strong presence in the Indian health insurance market, Niva Bupa offers a comprehensive range of healthcare solutions to individuals, families and senior citizens.
In this Niva Bupa health insurance IPO detailed analysis, We’ll explore
- Company Overview
- SWOT Analysis
- Financial performance
- Market position and competition
- Growth prospects and challenges
- Niva Bupa health insurance IPO Day-wise GMP
Read the full article to Make informed investment decisions.
About – Niva Bupa Health Insurance
Niva Bupa Health Insurance IPO – Review
Overview
Niva Bupa Health Insurance Company Limited is a leading standalone health insurance provider in India, offering a range of affordable and comprehensive healthcare policies to cater to diverse customer needs. Formerly known as Max Bupa Health Insurance Company Limited, the company changed its name to Niva Bupa Health Insurance Company Limited effective July 5, 2021.
Niva Bupa offers various health insurance plans, including individual, family, critical illness, personal accident and travel insurance. The company provides customized plans starting at ₹20/day, catering to families, individuals and senior citizens.
Niva Bupa has an extensive network of over 10,000 cashless hospitals across India, facilitating claim processing in under 30 minutes. The company offers 24/7 Insta Assist and a Health App, providing best-in-class healthcare and wellness services.
SWOT Analysis
Strengths
Strong Parentage: Bupa Group with 70+ years of experience.
Extensive Network: 10,000+ cashless hospitals.
Diverse Product Portfolio: Individual, family, critical illness, personal accident plans.
High Claim Settlement Ratio: 91.6%.
Large Customer Base: 1.4 crore+ happy customers.
Innovative Services: 24×7 Insta Assist, Health App.
Experienced Management Team: Industry experts at the helm.
Strong Financials: Revenue growth and increasing net worth.
Weaknesses
Dependence on Reinsurance: May impact claims settlement.
Regulatory Risks: Subject to frequent policy changes.
Low Rural Penetration: Limited reach in rural areas.
Complex Policy Terms: Can confuse customers.
High Claim Ratios: Impacts profitability.
Opportunities
Growing Health Insurance Demand: Rising awareness and need for coverage.
Expanding Distribution Channels: New partnerships and networks.
Government Initiatives: Ayushman Bharat and other schemes.
Increasing Disposable Income: More affordability for health plans.
Threats
Intense Competition: Several established players in the market.
Economic Downturn: May affect customer spending on insurance.
Regulatory Challenges: Constantly evolving compliance requirements.
Niva Bupa Health Insurance IPO Details
Niva Bupa Health Insurance IPO Details:
Niva Bupa Health Insurance Company Limited Initial Public Offering (IPO) opened on November 7, 2024, and closed on November 11, 2024. The company’s shares are scheduled to list on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 14, 2024.
The IPO comprises 297,297,297 shares, valued at up to ₹2,200 crore, with a face value of ₹10 per share and a price band of ₹70 to ₹74 per share. Investors can bid for a minimum lot size of 200 shares. This includes a fresh issue of 108,108,108 shares worth up to ₹800 crore and an offer for sale (OFS) of 189,189,189 shares worth up to ₹1,400 crore.
Prior to the IPO, the company’s total shareholding stood at 1,700,122,985 shares which will increase to 1,808,231,093 shares post-issue.
This book-built issue offers a unique opportunity for investors to participate in Niva Bupa health insurance growth journey, leveraging its position as a leading standalone health insurance provider in India.
| IPO Date | November 7, 2024 to November 11, 2024 |
| Listing Date | November 14, 2024 |
| 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 |
| Share holding pre issue | 1,700,122,985 |
| Share holding post issue | 1,808,231,093 |
Niva Bupa Health Insurance IPO Reservation
| Investor Category | Shares offered | Maximum Allottees |
| Anchor Investor Shares Offered | 13,37,83,783 (45%) | NA |
| QIB Shares Offered | 8,91,89,190 (30%) | NA |
| NII (HNI) Shares Offered | 4,45,94,595 (15%) | |
| bNII > ₹10L | 2,97,29,730 (10%) | 10,617 |
| sNII < ₹10L | 1,48,64,865 (5%) | 5,308 |
| Retail Shares Offered | 2,97,29,730 (10%) | 1,48,648 |
| Total Shares Offered | 29,72,97,298 (100%) |
Niva Bupa Health Insurance IPO Anchor investors Details
| Bid Date | November 6, 2024 |
| Shares offered | 133,783,783 |
| Anchor Portion Size (In Cr.) | 990.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 10, 2025 |
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 | 2800 | ₹207,200 |
| S-HNI (Max) | 67 | 13,400 | ₹991,600 |
| B-HNI (Min) | 68 | 13,600 | ₹1,006,400 |
Niva Bupa Health Insurance IPO Timeline
| 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 | 5:00 PM on Monday, November 11, 2024 |
Niva Bupa Health Insurance Financials
| Particulars | Period ended June 30, 2024 | Period ended March 31, 2024 | Period ended March 31, 2023 | Period ended March 31, 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 (PAT) | -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 |
Niva Bupa Health Insurance Promoter Holding
| Share Holding Pre issue | 62.27% |
| Share Holding Post issue |
Niva Bupa Health Insurance IPO Listing Details
| Listing Date | November 14, 2024 |
| BSE Script Code | 544286 |
| NSE Symbol | NIVABUPA |
| ISIN | INE995S01015 |
| Final Issue Price | ₹74 per share |
Niva Bupa Health Insurance KPI (Key Performance indicators)
| KPI | Values |
| Debt/Equity | 0.12 |
| RoNW | -0.92 |
| P/BV | 6.14 |
| Pre IPO | Post IPO | |
| EPS (₹) | 0.48 | -0.42 |
| P/E (x) | 153.7 | -177.74 |
Niva Bupa Health Insurance Subscription Status (Bidding Details)
| Category | Subscription (times) |
| QIB | 2.17 |
| NII | 0.71 |
| bNII (bids above ₹10L) | 0.70 |
| sNII (bids below ₹10L) | 0.74 |
| Retail | 2.88 |
| Total | 1.90 |
Niva Bupa Health Insurance IPO Day-wise Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Sub2 Sauda rate | Estimated Listing Price | Last Updated |
| 14-11-2024 (Listing) | 74.00 | ₹1 | 200/2800 | ₹75 (1.35%) | 14 November, 2024 |
| 13-11-2024 | 74.00 | ₹1 | 200/2800 | ₹75 (1.35%) | 13 November, 2024 |
| 12-11-2024 (Allotment) | 74.00 | ₹0 | — | ₹74 (0%) | 12 November, 2024 |
| 11-11-2024 (Close) | 74.00 | ₹0 | — | ₹74 (0%) | 11 November, 2024 |
| 10-11-2024 | 74.00 | ₹3 | 500/7000 | ₹77 (4.05%) | 10 November, 2024 |
| 09-11-2024 | 74.00 | ₹3 | 500/7000 | ₹77 (4.05%) | 09 November, 2024 |
| 08-11-2024 | 74.00 | ₹0 | — | ₹74 (0%) | 08 November, 2024 |
| 07-11-2024 (Open) | 74.00 | ₹0 | — | ₹74 (0%) | 07 November, 2024 |
| 06-11-2024 | 74.00 | ₹0 | — | ₹74 (0%) | 06 November, 2024 |
| 05-11-2024 | 74.00 | ₹0 | — | ₹74 (0%) | 05 November, 2024 |
| 04-11-2024 | 74.00 | ₹0 | — | ₹74 (0%) | 04 November, 2024 |
| 03-11-2024 | ₹0 | — | ₹ (0%) | 03 November, 2024 | |
| 02-11-2024 | ₹0 | — | ₹ (0%) | 02 November, 2024 | |
| 01-11-2024 | ₹0 | — | ₹ (0%) | 01 November, 2024 | |
| 31-10-2024 | ₹0 | — | ₹ (0%) | 31 October, 2024 |
Niva Bupa Health Insurance Stock Buy or Not?
Conclusion
Disclaimer
This article is for informational purposes only and not financial advice. Investing in IPOs involves risks. Please research and consult a financial advisor before making decisions
FAQ?
Q: When did Niva Bupa Health Insurance IPO open?
Ans. Niva Bupa Health Insurance IPO opened on November 7, 2024.
Q: What is the IPO size of Niva Bupa health insurance?
Ans. The IPO size of Niva Bupa health insurance is ₹2,200 crore.
Q: What is the price band of Niva Bupa health insurance IPO?
Ans. The price band of Niva Bupa health insurance IPO is ₹70-₹74 per share.
Q: What is Niva Bupa health insurance net worth?
Ans. Niva Bupa’s net worth is ₹2,031.77 crore as of June 30, 2024
Q: Is Niva Bupa Health Insurance IPO a good investment?
Ans. Refer to our detailed analysis for an informed decision.
Q: What are the risks associated with investing in Niva Bupa Health Insurance IPO?
Ans. Market risks, regulatory changes, and competition risks.