Niva Bupa Health Insurance Company IPO
Niva Bupa Health Insurance Company IPO — date, price band, lot size & details 2024
Niva Bupa Health Insurance Company listed on 14 Nov 2024 at ₹78.14, 5.6% above the ₹74 issue price.
Niva Bupa Health Insurance is a standalone health insurer focused on retail health, and one of India's largest and fastest growing SAHIs. Its total income was Rs 4,118.63 crore in FY2024.
Stock price
Niva Bupa Health Insurance Company is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 07 Nov 2024
- Close 11 Nov 2024
- Allotment 12 Nov 2024
- Refund/credit 13 Nov 2024
- Listing 14 Nov 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 11 Nov, 2024 |
|---|---|
| Price Band | ₹70 – ₹74 |
| Face Value | ₹10 |
| Lot Size | 200 Shares |
| Issue Size | ₹2200 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 200 shares at the ₹74 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 1,884.54 crore in FY2022 to Rs 4,118.63 crore in FY2024.
- 02It turned from a loss of Rs 196.53 crore in FY2022 to a profit of Rs 81.85 crore in FY2024.
- 03Its health GDPI grew 41.37% a year from Fiscal 2022 to 2024.
- 04Rs 800.00 crore of the issue was fresh capital to strengthen solvency.
- 05Net worth grew from Rs 507.65 crore on 31 March 2022 to Rs 2,031.77 crore on 30 June 2024.
Risks · 5
- 01The company made a loss of Rs 18.82 crore in the three months to 30 June 2024.
- 02The pre-issue P/E was 153.7 at the upper band of Rs 74, based on EPS of Rs 0.48.
- 03Health claims can rise sharply, and health insurance is competitive. Borrowing was Rs 250.00 crore.
- 04Rs 1,400.00 crore of the issue was offer for sale by the promoters.
- 05Promoters held 88.98% before the issue and 73.37% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Niva Bupa Health Insurance Company offer document.
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 3,235.25 | 3,232.62 | 2,091.89 | 1,782.01 |
| 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Niva Bupa Health Insurance Company RHP.
Where the money goes
₹765.24 Cr of the issue is earmarked to named objects.
About the company
As per Redseer, it is one of India's largest and fastest growing standalone health insurers, with overall health gross direct premium income of Rs 54,944.28 million in Fiscal 2024. Its health GDPI grew 41.37% a year from Fiscal 2022 to 2024.
Its promoters are Bupa Singapore Holdings, Fettle Tone LLP and Bupa Investments Overseas.
The IPO was Rs 2,200 crore, with Rs 800.00 crore of fresh issue and Rs 1,400.00 crore of offer for sale by Bupa Singapore Holdings and Fettle Tone LLP. The fresh money was meant to strengthen the capital base and solvency.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Niva Bupa Health Insurance Company IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
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Motilal Oswal Investment Advisors
58 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: R K Swamy (-13.2%).
Kotak Mahindra Capital Company Limited
93 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
HDFC Bank Limited
21 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Paytm (-9.3%).
Morgan Stanley India Co. Pvt. Ltd
16 issues handledListing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Niva Bupa Health Insurance Company?
The current Grey Market Premium is ₹1, or 1% over the issue price.
What is the Niva Bupa Health Insurance Company IPO price band?
₹70 to ₹74, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 November 2024, with listing on 14 November 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
