Niva Bupa Health Insurance IPO Description – Niva Bupa Health Insurance is India’s largest and fastest-growing health insurance company. Its health insurance products and services enable customers to navigate their healthcare journey and access a comprehensive health ecosystem and service capabilities via the ‘Niva Bupa Health’ mobile application and website.
The company had 14.73 million active lives insured as of 31 March 2024. It is strategically focused on the retail health market and its GWP from retail health products was 68.47% of overall GWP for FY 2024. It sells products directly to customers through direct sales channels, which accounted for 13.07% of the business, along with this it also has a diversified channel mix with corporate agents (banks and others), individual agents, and broker channels contributing 27.25%, 32.07% and 27.04% respectively of business by GDPI for FY 2024.
Niva Bupa Health Insurance has established a branch network of 210 physical branches across 22 states and 4 union territories in India to support its employees under its direct sales and individual agents under the intermediated distribution channel. As of 31 March 2024, the company has 7,868 full-time employees.
Promoters of Niva Bupa Health Insurance – Bupa Singapore Holdings Pte Ltd, Fettle Tone LLP, and Bupa Investments Overseas Limited
Table of Contents
Niva Bupa Health Insurance IPO Details
| Niva Bupa Health Insurance IPO Dates | 7 – 11 November 2024 |
| Niva Bupa Health Insurance Issue Price | INR 70 – 74 per share |
| Fresh issue | INR 800 crore |
| Offer For Sale | INR 1,400 crore |
| Total IPO size | INR 2,200 crore |
| Minimum bid (lot size) | 200 shares (INR 14,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Niva Bupa Health Insurance Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 |
| Revenue | 1,752.51 | 2,662.75 | 3,811.25 | 1,018.02 |
| Operating Profit | 45.74 | 350.94 | 188.03 | 23.23 |
| Net income | (196.53) | 12.54 | 81.85 | (18.82) |
| Margin (%) | (11.21) | 0.47 | 2.15 | (1.85) |
Niva Bupa Health Insurance Offer News
- Niva Bupa Health Insurance RHP
- Niva Bupa Health Insurance DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Niva Bupa Health Insurance Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre-Issue) | FY 2024 (Post-Issue)* | |
| EPS | (1.14) | 0.07 | 0.48 | 0.45 |
| PE Ratio | – | – | 147 – 155.4 | 156.25 – 165.18 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | (36.25) | 1.87 | 5.68 |
| NAV | 3.60 | 5.50 | 12.06 |
| Operating Profit (%) | 3.0 | 13.0 | 5.0 |
| Investment Income (%) | 5.0 | 6.0 | 6.0 |
| Debt/Equity | 0.49 | 0.30 | 0.12 |
Niva Bupa Health Insurance IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Niva Bupa Health Insurance IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Augmentation of capital base to strengthen solvency levels of the Company – INR 625 crore
- General corporate purposes
Niva Bupa Health Insurance – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Net Income (Cr.) |
| Niva Bupa Health Insurance | 165.18 | 0.45 | 5.68 | 12.06 | 81.85 |
| Star Health and Allied Insurance | 38.27 | 14.19 | 14.35 | 108.35 | 845.01 |
| ICICI Lombard Genera Insurance | 48.91 | 38.78 | 17.17 | 242.75 | 1,918.59 |
| The New India Assurance | 28.62 | 6.77 | 5.13 | 132.55 | 1,091.12 |
Niva Bupa Health Insurance IPO Allotment Status
Niva Bupa Health Insurance IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Niva Bupa Health Insurance IPO Dates & Listing Performance
| IPO Opening Date | 7 November 2024 |
| IPO Closing Date | 11 November 2024 |
| Finalization of Basis of Allotment | 12 November 2024 |
| Initiation of refunds | 13 November 2024 |
| Transfer of shares to demat accounts | 13 November 2024 |
| Niva Bupa Health Insurance IPO Listing Date | 14 November 2024 |
| Opening Price on NSE | INR 78.14 per share (up 5.59%) |
| Closing Price on NSE | INR 74.02 per share (up 0.03%) |
Niva Bupa Health Insurance IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Antique Stock Broking –
Ajcon Global –
Bajaj Capital – Subscribe for long term
Axis Capital – Not rated
Ashika Research –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth – May Apply
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities –
Hensex Securities –
HDFC Securities –
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities –Â
Jainam Broking – Avoid
KR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Mehta Equities – Subscribe for long term
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities – Avoid
SBI Securities – Avoid
SMC Global – 2/5
SMIFS –
Systematix Research – Not rated
Swastika Investmart – Subscribe for high risk
Ventura Securities – Subscribe
Niva Bupa Health Insurance Offer Lead Manager
ICICI SECURITIES LIMITED
4th Floor, ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Niva Bupa Health Insurance Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail: [email protected]
Website:Â www.kfintech.com
Niva Bupa Health Insurance Contact Details
NIVA BUPA HEALTH INSURANCE COMPANY LIMITED
3rd Floor, Capital Cyberscape, Sector-59,
Gurugram – 122 102, Haryana, India
Phone:Â +91 124 635 4900
Email: [email protected]
Website: www.nivabupa. com
Niva Bupa Health Insurance IPO FAQs
How many shares in Niva Bupa Health Insurance IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Niva Bupa Health Insurance Public Offer?
The best way to apply for Niva Bupa Health Insurance public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Niva Bupa Health Insurance IPO GMP today?
Niva Bupa Health Insurance IPO GMP today is INR NA per share.
What is Niva Bupa Health Insurance kostak rate today?
Niva Bupa Health Insurance kostak rate today is INR NA per application.
What is Niva Bupa Health Insurance Subject to Sauda rate today?
Niva Bupa Health Insurance Subject to Sauda rate today is INR NA per application.
Niva Bupa pls customer service call me 9826585547
Nivabupa has one of the worst customer support. Don’t buy their products or invest in the IPO. I was 12 year old customer for their health insurance. They never respond to your queries, even renewal is difficult with them.