Niva Bupa Health Insurance Company Limited: An Overview
Niva Bupa Health Insurance Company Limited is a prominent private health insurance provider in India. It is a joint venture between Niva Insurance and Bupa, a leading international healthcare services provider. The company specializes in offering health insurance products to individuals, families, and corporates, and has a strong presence in India’s expanding health insurance market.
Niva Bupa Health Insurance IPO Details
| 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
Niva Bupa Health Insurance IPO offers 297,297,298 shares. 89,189,190 (30.00%) to QIB, 44,594,595 (15.00%) to NII, 29,729,730 (10.00%) to RII and 133,783,783 (45.00%) to Anchor investors. 148,648 RIIs will receive minimum 200 shares and 5,308 (sNII) and 10,617 (bNII) will receive minimum 2,800 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 133,783,783 (45.00%) | NA |
| QIB Shares Offered | 89,189,190 (30.00%) | NA |
| NII (HNI) Shares Offered | 44,594,595 (15.00%) | |
| bNII > ₹10L | 29,729,730 (10.00%) | 10,617 |
| sNII < ₹10L | 14,864,865 (5.00%) | 5,308 |
| Retail Shares Offered | 29,729,730 (10.00%) | 148,648 |
| Total Shares Offered | 297,297,298 (100%) |
Niva Bupa Health Insurance IPO Anchor Investors Details
Niva Bupa Health Insurance IPO raises Rs 990.00 crore from anchor investors. Niva Bupa Health Insurance IPO Anchor bid date is November 6, 2024.
| 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 Timeline (Tentative Schedule)
Niva Bupa Health Insurance IPO opens on November 7, 2024, and closes on November 11, 2024.
| 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 PM on November 11, 2024 |
Niva Bupa Health Insurance IPO Lot Size
Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹14,800 |
| Retail (Max) | 13 | 2600 | ₹192,400 |
| S-HNI (Min) | 14 | 2,800 | ₹207,200 |
| S-HNI (Max) | 67 | 13,400 | ₹991,600 |
| B-HNI (Min) | 68 | 13,600 | ₹1,006,400 |
Niva Bupa Health Insurance IPO Promoter Holding
The company promoter is Bupa Singapore Holdings Pte. Ltd and Bupa Investments Overseas Limited.
| Share Holding Pre Issue | 88.98% |
| Share Holding Post Issue | 73.37% |
Niva Bupa Health Insurance Company Limited Financial Information (Restated)
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 |
| 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 |
| Amount in ₹ Crore | ||||