Niva Bupa Health Insurance Company Ltd IPO

Niva Bupa Health Insurance Company Ltd IPO

Insurance

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Bidding period

07 Nov 2024 - 11 Nov 2024

Bid price

₹74.00 - ₹74.00

Listing on

BSE, NSE

Listing date

14 Nov 2024

Lot size

200 shares

Issue size

₹2,200.00 crore


Minimum investment

₹14,800.00 / 1 lot

Maximum investment

₹1,92,400.00 / 13 lot

Bidding closed on 11 Nov 2024

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Niva Bupa Health Insurance Company Ltd IPO dates

IPO opening date

07 Nov 2024

IPO end date

11 Nov 2024

Allotment date

12 Nov 2024

Initiation of refunds

13 Nov 2024

Credit of shares to demat

13 Nov 2024

IPO listing date

14 Nov 2024

Niva Bupa Health Insurance Company Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹1,368.69
Total liabilities ₹2,393.85
Total expenditure ₹4,254.41
Total revenue ₹4,336.27
Profit after tax ₹81.85
EBITDA ₹0.00
Adjusted EBITDA ₹0.00

Niva Bupa Health Insurance Company Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 88.98 73.37
Public group 11.02 26.63

Niva Bupa Health Insurance Company Ltd strengths and risks

Information currently unavailable

  • Granular retail health insurer with a focus on delivering robust GWP growth, capital efficiency and profitability.

  • Our diverse product suite for customers, bolstered by our track record for product innovation.

  • Technology-led automated approach to customer servicing.

  • Bupa parentage and brand associated with health insurance and healthcare.

  • Our domain knowledge and experience in claims and provider management.

  • Multi-channel diversified pan-India distribution, with technology-led empowerment of distribution partners.

  • Our technology and analytics platforms.

  • Experienced management team backed by established investors and underpinned by sustainable employment practices.

  • Its profitability depends on its ability to manage the company underwriting risks and appropriately price its products and any failures to accurately estimate medical expenses or the frequency of claims could have a material adverse effect on its business, financial condition, results of operations, cash flows and prospects.

  • As a significant portion of its business is generated from the health insurance line of business, any adverse changes to the demand for health insurance products and the retail health insurance sector may affect the sale of its health insurance products and in turn its business and profitability.

  • If the company fails to align its products, including in particular, its retail health insurance products with the needs of the company targeted customer demographics or if its unsuccessful in its product development strategy, the company's business could be materially and adversely affected.

  • The company is subject to extensive supervision and regulatory inspections (onsite and offsite, thematic or otherwise) by IRDAI and any regulatory and statutory actions against it or the company distributors could cause it reputational harm and have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.

  • The success of its business depends on the company ability to attract and retain, as well as obtaining timely approvals from IRDAI with respect to, its senior management and employees in critical roles, and the loss of their services could have a material adverse effect on its business, financial condition, results of operations, cash flows and prospects.

  • The company is dependent on its intermediated distribution channels, particularly individual agents, corporate agents and brokers, and if the company is unable to develop and grow its network of distributors or attract, retain and incentivize its distributors, it could have a material adverse effect on the company's business, financial condition, results of operations, cash flows and prospects.

  • The company has incurred losses in Fiscal 2022 and the three months ended June 30, 2024 and June 30, 2023 and may not be able to maintain its profitability in the future, which could adversely affect its operations and financial condition and the trading price of the company Equity Shares.

  • The company failures to accurately and timely pay claims could lead to customer dissatisfaction and result in regulatory actions or penalties, which could materially and adversely affect its business, financial condition, results of operations, cash flows and prospects.

  • The company may be unable to obtain reinsurance on a timely basis at reasonable costs and could be exposed to credit risks in its reinsurance contracts, including with General Insurance Corporation of India ("GIC Re").

  • Its Directors and Promoters may enter into ventures which are in businesses similar to its.

How to check the allotment status of the Niva Bupa Health Insurance Company Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Niva Bupa Health Insurance Company Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Niva Bupa Health Insurance Company Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Niva Bupa Health Insurance Company Ltd IPO registrar

KFin Techologies Ltd

Phone number +91 40 6716 2222
E-mail ID einward.ris@kfintech.com
Website www.kfintech.com

Niva Bupa Health Insurance Company Ltd IPO reservation

QIB shares offered

8,91,89,190 (30.0%)

NII (HNI) shares offered

4,45,94,590 (15.0%)

Retail shares offered

2,97,29,730 (10.0%)

Anchor investor shares offered

13,37,83,784 (45.0%)

Total shares offered

29,72,97,312

Total shares with anchor investor

29,72,97,312

Niva Bupa Health Insurance Company Ltd IPO lead manager

  • ICICI Securities Ltd
  • Morgan Stanley India Company Pvt Ltd
  • Kotak Mahindra Capital Company Ltd
  • Axis Capital Ltd
  • HDFC Bank Ltd
  • Motilal Oswal Investment Advisors Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Niva Bupa Health Insurance Company Ltd IPO?

The listing date for the Niva Bupa Health Insurance Company Ltd IPO is 14 Nov 2024.

What is the issue size of Niva Bupa Health Insurance Company Ltd IPO?

The issue size of the Niva Bupa Health Insurance Company Ltd IPO is ₹2,200.00 cr.

What is the minimum lot size needed for Niva Bupa Health Insurance Company Ltd IPO?

The minimum lot size for Niva Bupa Health Insurance Company Ltd IPO is 200

When does the Niva Bupa Health Insurance Company Ltd open and close?

Niva Bupa Health Insurance Company Ltd IPO is open from 07 Nov 2024 to 11 Nov 2024.

How can I apply for the Niva Bupa Health Insurance Company Ltd IPO?

To apply for the Niva Bupa Health Insurance Company Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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