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“Explore the details of Niva Bupa Health Insurance IPO 2024, including opening date, price band, objectives, and expert opinions. Find out whether this IPO is a good investment opportunity.”
Table of Contents
- Introduction to Niva Bupa Health Insurance Limited
- IPO Details (Issue Size, Price, Dates, and Lot Size)
- Objectives of the IPO
- Financial Performance of Niva Bupa Health Insurance Limited
- Industry Overview
- Strengths and Risks of Investing in Niva Bupa Health Insurance Limited IPO
- Grey Market Premium (GMP) and Market Sentiment
- How to Apply for the IPO
- Conclusion
1. Niva Bupa Health Insurance Ltd IPO Overview
The Niva Bupa Health Insurance IPO opened for bidding on November 7, 2024, and will close on November 11, 2024. This IPO is an offer for sale, meaning existing shareholders are selling shares, and no new capital is being raised by the company. The IPO price band is set between ₹70 and ₹74 per share, with a minimum lot size of 200 shares, amounting to ₹14,800 for retail investors.
2. IPO Details (Issue Size, Price, Dates, and Lot Size)
IPO Dates : The IPO Open Is November 7, 2024 and Close November 11, 2024
Issue Size : The IPO Issue Size is 2200.00 Cr.
Price Band : IPO Price Band is Set at 70-74 per share
Lot Size : IPO Lot Size is 200 share’s
Fresh Issue : IPO Fresh Issue is 800.00Cr.
Offer for Sale : IPO Offer for Sale is 1400.00 Cr.
3. IPO Timeline ( IPO Important Dates )
Here is a quick overview of the Niva Bupa Health InsuranceIPO details:
Opening Dates : The IPO is set to open on November 7, 2024.
Closing Dates : IPO Closing Dates is November 11, 2024
Allotment Status Date : IPO Allotment Status November 12, 2024
Share Transfer Demet A/c : Share Transfer your Demet A/c November 13, 2024
Credit Refund Bank A/c : Credit Refund Your Bank A/c November 13, 2024
Listing Date : IPO Listing Date is November 14, 2024
Listing Exchange : IPO Listing Exchange NSE, BSE
Niva Bupa Health Insurance Ltd IPO: A Comprehensive Guide Ltd IPO 2024 : Complete details IPO Price, Allotment, GMP Updated
About Company
Niva Bupa Health Insurance, formerly known as Max Bupa Health Insurance, is a prominent health insurance provider in India. It was founded 2008 as a joint venture between Max India Limited and Bupa, a UK-based global healthcare services expert. Niva Bupa offers a wide range of health insurance products tailored to individuals, families, and corporate clients, focusing on comprehensive coverage, wellness benefits, and hassle-free claim settlements. The company is known for its strong network of partner hospitals and customer-centric services.
Company FInancial
Here is Niva Bupa Health Insurance’ financial performance summary over the past three fiscal years:
| Fiscal Year | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue (₹ Cr) | 6191.87 | 3876.57 | 2.738.44 |
| Profit After Tax (₹ Cr) | 81.85 | 12.54 | 196.53 |
| Net Worth (₹ Cr) | 2049.59 | 831.12 | 507.65 |
| Reserves and Surplus | 1,282.02 | 334.26 | 125.40 |
| Debt (₹ Cr) | 250.00 | 250.00 | 250.00 |
IPO Reservation
The Niva Bupa Health Insurance IPO includes a specific reservation distribution among different investor categories, adhering to SEBI regulations. For Anchor Investor Share Offered (45%) Qualified Institutional Buyers (QIBs), 30% of the shares in the offering are reserved, ensuring significant participation from institutional investors. Non-Institutional Investors (NIIs), including High Net Worth Individuals (HNIs), are allotted 15% of the shares, while Retail Individual Investors (RIIs) have a 10% reservation in the IPO. Additionally, there is a reserved portion for eligible employees under the Employee Reservation Quota
How to Apply for Niva Bupa Health Insurance IPO?
Here’s how you can apply for the Niva Bupa Health Insurance IPO:
UPI Mandate: Ensure that you approve the UPI mandate request to complete your application.
Through ASBA: You can apply via the Application Supported by Blocked Amount (ASBA) process through your bank.
Using Online Broker Platforms: Platforms like Angel One, Groww, and Upstox offer a quick and seamless IPO application process.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Niva Bupa Health Insurance, a leading provider of comprehensive health insurance solutions, has announced its initial public offering (IPO). This highly anticipated event presents an exciting opportunity for investors to be a part of the company’s continued growth and success in the dynamic health insurance market.
FAQs
What is the price band for the Niva Bupa Health Insurance Ltd IPO?
The IPO price band is set between ₹70 and ₹74 per share.
What is the minimum investment required?
The minimum lot size for retail investors is 200 shares, translating to an investment of approximately ₹14,800 at the lower end of the price band
When is the Niva Bupa Health Insurance IPO opening and closing date?
The Niva Bupa Health Insurance IPO is scheduled to open on November 7, 2024, and close on November 11, 2024. The shares are expected to be listed on the stock exchanges by November 14, 2024
How can I apply for the Niva Bupa Health Insurance IPO?
You can apply through major brokerage platforms like Zerodha, Groww, or AngelOne, provided you have a Demat account.
How can I check the GMP for Niva Bupa Health Insurance Limited IPO?
GMP updates are available on financial websites and IPO tracking portals like Chittorgarh, Investorgain and IPO Central, which update GMP daily.
Who is the registrar for Niva Bupa Health Insurance IPO?
The registrar for Niva Bupa Health Insurance IPO is Kfin Technologies Ltd. Investors can check their allotment status on Link Intime’s official website.
