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Niva Bupa Health Insurance IPO – Review Detailed Analysis

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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

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

Niva Bupa SWOT
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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.

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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.

📈 Niva Bupa SWOT
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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.

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IPO DateNovember 7, 2024 to
November 11, 2024
Listing DateNovember 14, 2024
Face Value₹10 per share
Price band₹70 to ₹74 per share
Lot Size200 shares
Total issue size297,297,297 shares (aggregating
up to ₹2,200.00 Cr)
Fresh issue108,108,108 shares (aggregating up to ₹800.00 Cr)
Offer for sale189,189,189 shares of ₹10
(aggregating up to ₹1,400.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue1,700,122,985
Share holding post issue1,808,231,093

Niva Bupa Health Insurance IPO Reservation

Investor CategoryShares offeredMaximum Allottees
Anchor Investor Shares Offered13,37,83,783
(45%)
NA
QIB Shares Offered8,91,89,190
(30%)
NA
NII (HNI) Shares Offered4,45,94,595
(15%)
bNII > ₹10L2,97,29,730
(10%)
10,617
sNII < ₹10L1,48,64,865
(5%)
5,308
Retail Shares Offered2,97,29,730
(10%)
1,48,648
Total Shares Offered29,72,97,298
(100%)

Niva Bupa Health Insurance IPO Anchor investors Details

Bid DateNovember 6, 2024
Shares offered133,783,783
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

ApplicationLotsSharesAmount
Retail (Min)1200₹14,800
Retail (Max)132600₹192,400
S-HNI (Min)142800₹207,200
S-HNI (Max)6713,400₹991,600
B-HNI (Min)6813,600₹1,006,400

Niva Bupa Health Insurance IPO Timeline

IPO Open DateThursday, November 7, 2024
IPO Close DateMonday, November 11, 2024
Basis of AllotmentTuesday, November 12, 2024
initiation of refundsWednesday, November 13, 2024
Credit of Shares to DematWednesday, November 13, 2024
Listing Date Thursday, November 14, 2024
Cut-off time for UPI mandate Confirmation5:00 PM on
Monday, November 11, 2024

Niva Bupa Health Insurance Financials

ParticularsPeriod ended
June 30, 2024
Period ended
March 31, 2024
Period ended
March 31, 2023
Period ended March 31, 2022
Assets6,542.066,191.873,876.572,738.44
Revenue1,124.904,118.632,859.241,884.54
Profit After tax (PAT)-18.8281.8512.54-196.53
Net Worth2,031.772,049.59831.12507.65
Reserves and surplus1,282.441,282.02334.26125.40
Total Borrowing250.00250.00250.00250.00
Amount in ₹ Cr

Niva Bupa Health Insurance Promoter Holding

Share Holding Pre issue62.27%
Share Holding Post issue

Niva Bupa Health Insurance IPO Listing Details

Listing DateNovember 14, 2024
BSE Script Code 544286
NSE Symbol NIVABUPA
ISININE995S01015
Final Issue Price ₹74 per share

Niva Bupa Health Insurance KPI (Key Performance indicators)

KPIValues
Debt/Equity0.12
RoNW -0.92
P/BV6.14

Pre IPOPost IPO
EPS (₹)0.48-0.42
P/E (x)153.7-177.74

Niva Bupa Health Insurance Subscription Status (Bidding Details)

CategorySubscription
(times)
QIB2.17
NII0.71
bNII (bids above ₹10L)0.70
sNII (bids below ₹10L)0.74
Retail2.88
Total1.90

Niva Bupa Health Insurance IPO Day-wise Grey Market Premium (GMP)

GMP DateIPO PriceGMPSub2 Sauda rateEstimated Listing PriceLast Updated
14-11-2024
(Listing)
74.00₹1200/2800₹75
(1.35%)
14 November, 2024
13-11-202474.00₹1200/2800₹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
10-11-202474.00₹3500/7000₹77
(4.05%)
10 November, 2024
09-11-202474.00₹3500/7000₹77
(4.05%)
09 November, 2024
08-11-202474.00₹0₹74 (0%)08 November, 2024
07-11-2024
(Open)
74.00₹0₹74 (0%)07 November, 2024
06-11-202474.00₹0₹74 (0%)06 November, 2024
05-11-202474.00₹0₹74 (0%)05 November, 2024
04-11-202474.00₹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?

loading widget to trade NIVABUPA

Conclusion

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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.

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