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Niva Bupa Health Insurance IPO is a book build issue of ₹2,200.00 crores. The issue is a combination of fresh issue of 10.81 crore shares aggregating to ₹800.00 crores and offer for sale of 18.92 crore shares aggregating to ₹1,400.00 crores.
Niva Bupa Health Insurance IPO bidding started from Nov 7, 2024 and ended on Nov 11, 2024. The allotment for Niva Bupa Health Insurance IPO was finalized on Nov 12, 2024. The shares got listed on BSE, NSE on Nov 14, 2024.
Niva Bupa Health Insurance IPO price band is set at ₹74.00 per share . The lot size for an application is 200. The minimum amount of investment required by an retail is ₹14,000 (200 shares). The lot size investment for sNII is 14 lots (2,800 shares), amounting to ₹2,07,200, and for bNII, it is 68 lots (13,600 shares), amounting to ₹10,06,400.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Niva Bupa Health Insurance IPO RHP for detailed Information.
| IPO Date | November 7, 2024 to November 11, 2024 |
| Listing Date | November 14, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹70 to ₹74 per share |
| Issue Price Final | ₹74 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 29,72,97,296 shares (aggregating up to ₹2,200.00 Cr) |
| Fresh Issue | 10,81,08,108 shares (aggregating up to ₹800.00 Cr) |
| Offer for Sale | 18,91,89,188 shares of ₹10 (aggregating up to ₹1,400.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,70,01,22,985 shares |
| Share Holding Post Issue | 1,80,82,31,093 shares |
Niva Bupa Health Insurance IPO offers total 29,72,97,296 shares. Out of which 22,29,72,973 (75.00%) allocated to QIB, 8,91,89,190 (30.00%) allocated to QIB, 4,45,94,594 (15.00%) allocated to NII, 2,97,29,729 (10.00%) allocated to RII and 13,37,83,783 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 22,29,72,973 (75.00%) | NA |
| − Anchor Investor Shares Offered | 13,37,83,783 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 8,91,89,190 (30.00%) | NA |
| NII (HNI) Shares Offered | 4,45,94,594 (15.00%) | NA |
| − bNII > ₹10L | 2,97,29,729 (10.00%) | 10,617 |
| − sNII < ₹10L | 1,48,64,865 (5.00%) | 5,308 |
| Retail Shares Offered | 2,97,29,729 (10.00%) | 1,48,648 |
| Total Shares Offered | 29,72,97,296 (100.00%) |
Niva Bupa Health Insurance IPO raises ₹990.00 crore from anchor investors. Niva Bupa Health Insurance IPO Anchor bid date is November 6, 2024. Niva Bupa Health Insurance IPO Anchor Investors list
| Bid Date | November 6, 2024 |
| Shares Offered | 13,37,83,783 |
| 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 opens on November 7, 2024, and closes on November 11, 2024.
| IPO Open Date | Thu, Nov 7, 2024 |
| IPO Close Date | Mon, Nov 11, 2024 |
| Tentative Allotment | Tue, Nov 12, 2024 |
| Initiation of Refunds | Wed, Nov 13, 2024 |
| Credit of Shares to Demat | Wed, Nov 13, 2024 |
| Tentative Listing Date | Thu, Nov 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 11, 2024 |
Investors can bid for a minimum of 200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹14,800 |
| Retail (Max) | 13 | 2,600 | ₹1,92,400 |
| S-HNI (Min) | 14 | 2,800 | ₹2,07,200 |
| S-HNI (Max) | 67 | 13,400 | ₹9,91,600 |
| B-HNI (Min) | 68 | 13,600 | ₹10,06,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2008, Niva Bupa Health Insurance Company Limited is a joint venture between the Bupa Group and Fettle Tone LLP that provides insurance in the health sector.
The company offers a holistic proposition by providing customers access to a comprehensive health ecosystem and service capabilities through its Niva Bupa Health mobile application and website.
As of March 31 2024, the company had 14.73 million active lives insured.
As of March 31, 2024, the company is present across 22 states and four union territories in India.
From Fiscal Year 2022 to Fiscal Year 2024, the overall GWP grew at a CAGR of 41.27%, while GWP from retail health increased by 33.41%.
Competitive Strength:
Niva Bupa Health Insurance Company Limited's revenue increased by 44.05% and profit after tax (PAT) rose by 552.73% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,542.06 | 6,191.87 | 3,876.57 | 2,738.44 |
| Total Income | 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 |
| Amount in ₹ Crore | ||||
The market capitalization of Niva Bupa Health Insurance IPO is ₹13380.91 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.12 |
| RoNW | -0.92 |
| Price to Book Value | 6.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.48 | -0.42 |
| P/E (x) | 153.7 | -177.74 |
[Dilip Davda] The company is one of the leading health insurance company in India and has emerged as the fastest growing company. It turned the corner from FY23, but based on its earnings so far, the issue prima-facie appears aggressively priced. However, considering the recent placement of shares internally between Rs. 67.15 and Rs. 85 per share, the IPO appears well priced. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | November 14, 2024 |
| BSE Script Code | 544286 |
| NSE Symbol | NIVABUPA |
| ISIN | INE995S01015 |
| Final Issue Price | ₹74 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹74.00 |
| Open | ₹78.50 |
| Low | ₹73.60 |
| High | ₹80.94 |
| Last Trade | ₹74.00 |
Niva Bupa Health Insurance Co.Ltd.
C-98, 1st Floor
Lajpat Nagar, Part 1
South Delhi, New Delhi-110024
South Delhi, New Delhi
Phone: +91 1246354900
Email: investor@nivabupa.com
Website: https://www.nivabupa.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: nivabupa.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Lead Manager Reports
Niva Bupa Health Insurance IPO is a main-board IPO of 29,72,97,296 equity shares of the face value of ₹10 aggregating up to ₹2,200.00 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 200.
The IPO opens on November 7, 2024, and closes on November 11, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Niva Bupa Health Insurance IPO using UPI as a payment gateway. Zerodha customers can apply in Niva Bupa Health Insurance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Niva Bupa Health Insurance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Niva Bupa Health Insurance IPO opens on November 7, 2024 and closes on November 11, 2024.
Niva Bupa Health Insurance IPO lot size is 200, and the minimum amount required for application is ₹14,800.
You can apply in Niva Bupa Health Insurance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Niva Bupa Health Insurance IPO will be done on Tuesday, November 12, 2024, and the allotted shares will be credited to your demat account by Wednesday, November 13, 2024. Check the Niva Bupa Health Insurance IPO allotment status.
The Niva Bupa Health Insurance IPO listing date is on Thursday, November 14, 2024.
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