Niva Bupa Health Insurance IPO 2024: Should You Invest? All Details Covered Here
Niva Bupa Health Insurance is making waves with its upcoming Initial Public Offering (IPO), set to raise a substantial ₹2,200 crore. This IPO is a blend of a fresh issue of 10.81 crore shares, amounting to ₹800 crore, and an offer for sale of 18.92 crore shares, totalling ₹1,400 crore. Here’s everything you need to know about this exciting investment opportunity.
Table of Contents
Key Details of the Niva Bupa Health Insurance IPO
- IPO Dates: Opens on November 7, 2024, and closes on November 11, 2024.
- Price Band: Set between ₹70 to ₹74 per share.
- Lot Size: Minimum application of 200 shares, requiring a minimum investment of ₹14,800 for retail investors.
- Listing: Expected to list on BSE and NSE on November 14, 2024.
Why Invest in Niva Bupa Health Insurance IPO?
Niva Bupa Health Insurance, a joint venture between the Bupa Group and Fettle Tone LLP, is a leading player in India’s health insurance sector. With a mission to empower every Indian to access the best healthcare, the company offers a comprehensive health ecosystem through its mobile app and website. This platform provides a range of services, including diagnostics, digital consultations, and health education, making it a one-stop solution for health management.
Financial Growth and Market Position
- Impressive Growth: From FY 2022 to FY 2024, the company’s Gross Written Premium (GWP) grew at a CAGR of 41.27%, with retail health GWP increasing by 33.41%.
- Market Share: As of August 2024, Niva Bupa holds a 17.29% market share in the Indian Standalone Health Insurance (SAHI) market, showcasing its strong presence and growth potential.
Strategic Objectives of the IPO
The funds raised through the Niva Bupa Health Insurance IPO will be used to augment the company’s capital base, enhancing its solvency levels and supporting general corporate purposes. This strategic move is aimed at strengthening Niva Bupa’s financial position and enabling it to continue its growth trajectory.
Investment Opportunities and Allotment Details
- Anchor Investors: The IPO has already raised ₹990 crore from anchor investors, highlighting strong institutional interest.
- Allotment and Listing: The basis of allotment is expected on November 12, 2024, with shares credited to demat accounts by November 13, 2024.
How to Participate
Investors can pre-register for the Niva Bupa Health Insurance IPO on the Google Play Store for Android, with iOS pre-registrations opening soon. By pre-registering, investors can secure the exclusive Beast Collection, a limited edition set of in-game cosmetics inspired by the ferocity of the Tiger, India’s national animal.
Conclusion
Niva Bupa Health Insurance’s IPO presents a compelling opportunity for investors looking to tap into India’s burgeoning health insurance market. With its robust growth, innovative product offerings, and strategic use of IPO proceeds, Niva Bupa is well-positioned to continue its upward trajectory. Don’t miss out on this chance to invest in a company that is not only financially strong but also committed to enhancing healthcare access for millions of Indians.
FAQs related to Niva Bupa Health Insurance IPO
What is the Niva Bupa Health Insurance IPO?
The Niva Bupa Health Insurance IPO is an Initial Public Offering through which the company aims to raise ₹2,200 crore. The offering consists of a fresh issue of 10.81 crore shares worth ₹800 crore and an offer for sale of 18.92 crore shares totalling ₹1,400 crore.
When does the Niva Bupa Health Insurance IPO open and close?
The IPO opens for subscription on November 7, 2024, and closes on November 11, 2024.
What is the price band for the Niva Bupa Health Insurance IPO?
The price band for the IPO is set between ₹70 to ₹74 per share.
What is the minimum investment required for retail investors?
The minimum lot size for retail investors is 200 shares, which requires a minimum investment of ₹14,800.
How many shares are being offered in the IPO?
A total of 29,72,97,298 shares are being offered in the IPO, which includes both the fresh issue and the offer for sale.
Who are the book running lead managers for the IPO?
The book running lead managers for the Niva Bupa Health Insurance IPO include ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Kotak Mahindra Capital Company Limited, Axis Capital Limited, HDFC Bank Limited, and Motilal Oswal Investment Advisors Limited.
When will the shares be listed on the stock exchanges?
The shares are expected to be listed on the BSE and NSE on November 14, 2024.
What are the objectives of the Niva Bupa Health Insurance IPO?
The funds raised from the IPO will be used to augment the company’s capital base to strengthen solvency levels and for general corporate purposes.
What is the market position of Niva Bupa Health Insurance?
Niva Bupa Health Insurance is one of the leading health insurance companies in India, with a market share of 17.29% in the Standalone Health Insurance (SAHI) market as of August 2024. The company has shown impressive growth, with a CAGR of 41.27% in GWP from FY 2022 to FY 2024.
How can investors participate in the IPO?
Investors can apply for the IPO through their brokerage accounts or investment platforms during the subscription period. It is advisable to check with your broker for specific instructions on how to apply.
