Niva Bupa Health Insurance Company Limited is coming up with an IPO consisting of a fresh issue of shares worth INR 800 crores and an offer to sell existing shares worth INR 1,400 crores. The company aims to augment its capital base for solvency and address general corporate purposes.
Niva Bupa Health Insurance IPO – Important Dates
| Niva Bupa Health Insurance Company Limited IPO Date | November 7, 2024 to November 11, 2024 |
| Niva Bupa Health Insurance Company Limited IPO Listing Date | November 14, 2024 |
| Niva Bupa Health Insurance Company Limited IPO Price | INR 70-74 per share |
| Niva Bupa Health Insurance Company Limited IPO Lot Size | 200 Shares |
| Niva Bupa Health Insurance Company Limited IPO Total Issue Size | INR 2,200 crores |
| Niva Bupa Health Insurance Company Limited IPO Basis of Allotment | November 12, 2024 |
| Niva Bupa Health Insurance Company Limited IPO Initiation of Refunds | November 13, 2024 |
| Niva Bupa Health Insurance Company Limited IPO Credit of Shares to Demat | November 13, 2024 |
| Niva Bupa Health Insurance Company Limited IPO Issue Type | Book Built Issue IPO |
| Niva Bupa Health Insurance Company Limited IPO Listing At | BSE NSE |
Read more about Niva Bupa Health Insurance Company Ltd IPO GMP
Niva Bupa Health Insurance Company Ltd IPO – Company Profile
Niva Bupa Health Insurance Company Limited aims to empower every Indian to access quality healthcare confidently. Comprehensive insurance products provide a holistic health ecosystem that supports customers throughout their healthcare journey.
With 16 years of product innovation, Niva Bupa offers a comprehensive health insurance platform, including diagnostics, consultations, and policy services via the ‘Niva Bupa Health’ app, enabling holistic healthcare and disease management solutions.
With Bupa as its majority foreign promoter, Niva Bupa benefits from Bupa’s extensive global healthcare expertise, serving 50 million customers worldwide. Bupa reinvests profits into improved healthcare across multiple countries, including India.
Niva Bupa IPO Fundamental Analysis
Niva Bupa Health Insurance Company Limited’s financial analysis reveals a mixed performance. Revenue has grown significantly over recent years, with rising equity and liabilities, improved profitability, increased earnings per share, and a more substantial return on net worth reflecting growth.
- Revenue Trend: The revenue increased from ₹18,845.4 millions in March 2022 to ₹28,592.4 millions in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 41,186.3 million.
- Equity and Liabilities: Liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹(1,965.25) million in March 2022 to ₹818.52 million by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹(1.42) in March 2022 to ₹0.50 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has increased from (36.25)% to 5.68%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Niva Bupa Health Insurance Company IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in millions) | 18,845.4 | 28,592.4 | 41,186.3 |
| Expenses (₹ in millions) | 2,870.05 | 4,005.26 | 2,468.73 |
| Profit and Loss After Tax (₹ in millions) | (1,965.25) | 125.40 | 818.52 |
| Diluted EPS only (₹) | (1.42) | 0.08 | 0.50 |
| Return on Net Worth (%) | (36.25) | 1.87 | 5.68 |
| NAV per Equity Share (₹) | 3.60 | 5.50 | 12.06 |
| Total Assets (in millions) | 17,820.1 | 20,918.9 | 32,326.2 |
Niva Bupa Health Insurance Company Ltd IPO Peer Comparison
Niva Bupa Health Insurance focuses on customer-centric products; Star Health leads in diverse offerings and innovation; ICICI Lombard excels in profitability and market reach, while The New India Assurance emphasizes strong legacy and extensive coverage options in insurance.
| Company | Net Profit (₹ in millions) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV (₹ in millions) |
| Niva Bupa Health Insurance Company Limited | 818.52 | 10 | – | 0.51 | 0.50 | 5.68 | 12.06 |
| Star Health and Allied Insurance Company Ltd | 8,450.10 | 10 | 36.97 | 14.48 | 14.19 | 14.35 | 108.35 |
| ICICI Lombard General Insurance Company Ltd | 19,185.90 | 10 | 45.92 | 39.03 | 38.78 | 17.17 | 242.75 |
| The New India Assurance Company Ltd | 10,911.20 | 5 | 35.23 | 6.77 | 6.77 | 5.13 | 132.55 |
Niva Bupa IPO Objective
The main objective of Niva Bupa Health Insurance Company Limited is to augment its capital base to strengthen solvency levels.
- Augmentation of capital base to strengthen solvency levels: The company intends to utilize INR 625 crore to improve its solvency margin and ratio, a regulatory measure calculated by dividing the available solvency margin by the required solvency margin based on premiums and incurred claims.
- General Corporate Purposes: The company will deploy funds for general corporate purposes, including strategic initiatives in information technology and operational expenses and addressing corporate exigencies, contingencies, and other business requirements as needed.
Niva Bupa Health Insurance IPO Risks And Challenges
Niva Bupa Health Insurance Company Limited’s risk includes reliance on assumptions for pricing medical expenses, vulnerability to market fluctuations, competition, regulatory changes, and the need for tailored products, potentially impacting growth and profitability.
- The company’s product pricing relies on assumptions regarding medical expenses and health conditions, affected by factors like epidemics, regulatory changes, and external economic conditions, impacting claims, profitability, and the accuracy of liability estimates.
- The company’s performance relies on the health insurance sector’s growth, particularly retail products. Demand may decline due to competition, regulatory changes, customer preferences, or adverse conditions in targeted Tier I cities, affecting profitability and claims.
- The company’s strategy focuses on developing health insurance products tailored to demographic needs. Failure to accurately predict market trends or adapt to changing regulations may hinder growth, impact profitability, and reduce the effectiveness of their product offerings.
Niva Bupa IPO – Industry & Market Potential
Indian households are transforming, with high-income households expected to grow to 58 million by CY28, comprising 16% of all households. At the same time, the upper-middle class is projected to reach 91 million households, growing at a 6% CAGR.
The digitization of financial services in India, driven by government initiatives and increasing internet and smartphone penetration, is set to proliferate, with internet subscribers expected to surpass 1,000 million and digital transactors reaching 800-850 million by 2028.
India’s insurance gross direct premium income has surged from INR 6.1 trillion in FY18 to INR 10.4 trillion in FY23. It is projected to reach INR 18-19 trillion by FY28, driven by rising incomes and greater insurance accessibility.
Niva Bupa IPO – Type of Offer
Niva Bupa Health Insurance Company Limited plans a fresh issue of shares, seeking INR 800 crores to augment its capital base for solvency and address general corporate purposes. Additionally, the company proposes an offer to sell existing shares worth INR 1,400 crores.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 800 crores. The company intends to utilize the proceeds from the fresh issue to augment its capital base for solvency and address general corporate purposes.
- Offer for sale: Niva Bupa Health Insurance Company Limited is offering to sell 1.75 existing shares worth INR 1,400 crores. The following are the details of the existing shareholders who are also the promoters selling the shares:
| Name of the promoter selling shareholder |
| Bupa Singapore Holdings Pte. Ltd. |
| Fettle Tone LLP |
Niva Bupa Health Insurance IPO Offer Size
The offer size of Niva Bupa Health Insurance Company Limited is INR 3,000 crores, consisting of a fresh issue of shares worth INR 800 crores and an offer to sell existing shares worth INR 1,400 crores. The company aims to augment its capital base for solvency and address general corporate purposes.
Niva Bupa IPO Allotment Structure
Niva Bupa Health Insurance Company Limited’s allocation will be as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 10% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
Read more about Niva Bupa IPO Allotment Status
How to apply for Niva Bupa Health Insurance Company IPO?
To apply for the Niva Bupa Health Insurance Company Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Niva Bupa Health Insurance Company Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Niva Bupa Health Insurance Company Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more about Niva Bupa IPO Day 1 Subscription Status
How do you check Niva Bupa Health Insurance Company IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Niva Bupa Health Insurance Company Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Niva Bupa Health Insurance Company Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Niva Bupa Health Insurance Company Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Niva Bupa Health Insurance Company Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more about Niva Bupa IPO Day 2 Subscription Status
Niva Bupa Health Insurance Company Ltd IPO Offer Registrar
The registrar for the Niva Bupa Health Insurance Company Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited Selenium,
Tower-B, Plot No. 31 and 32 Financial
District Nanakramguda, Serilingampally
Hyderabad 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Read more about Niva Bupa IPO Day 3 Subscription Status
Niva Bupa Health Insurance Company IPO – FAQs
1. What is Niva Bupa Health Insurance Company IPO?
Niva Bupa Health Insurance Company Limited is coming up with an IPO consisting of a fresh issue of shares worth INR 800 crores and an offer to sell existing shares worth INR 1,400 crores. The company aims to augment its capital base for solvency and address general corporate purposes.
2. What is the allotment date of the Niva Bupa Health Insurance Company IPO?
The allotment date of the Niva Bupa Health Insurance Company Limited IPO is November 12, 2024.
2. What is the price band of the Niva Bupa Health Insurance Company IPO?
The price band of the issue is INR 70-74 per share.
3. What is the size of the Niva Bupa Health Insurance Company IPO?
The offer size of Niva Bupa Health Insurance Company Limited is INR 2,200 crores, consisting of a fresh issue of shares worth INR 800 crores and an offer to sell existing shares worth INR 1,400 crores. The company aims to augment its capital base for solvency and address general corporate purposes.
4. What is the listing date of the Niva Bupa Health Insurance Company IPO?
The listing date of Niva Bupa Health Insurance Company Limited’s IPO is yet to be announced.
5. Where is the Niva Bupa Health Insurance Company Ltd IPO Getting Listed?
Niva Bupa Health Insurance Company is getting listed at the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
6. What Are the open and close dates of the Niva Bupa Health Insurance Company Limited IPO?
The open and close dates of Niva Bupa Health Insurance Company Limited November 7, 2024 to November 11, 2024.
7. How To Apply For Niva Bupa Health Insurance Company IPO in Alice Blue?
To apply for the Niva Bupa Health Insurance Company Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Niva Bupa Health Insurance Company Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the PO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Niva Bupa Health Insurance Company Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
8. Who Are The Book Runners For The Niva Bupa Health Insurance Company Limited IPO?
The Book Runners for Niva Bupa Health Insurance Company Limited are ICICI Securities Limited, Morgan Stanley India Company Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, HDFC Bank Limited and Motilal Oswal Investment Advisors Limited.
