Niva Bupa Health Insurance Co.Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 222,972,973 (75%) | — | ₹165,000 Cr |
| NII (HNI) | — | 44,594,594 (15%) | — | ₹33,000 Cr |
| Retail | — | 29,729,729 (10%) | — | ₹22,000 Cr |
| Σ Total | — | 297,297,296 (100%) | — | ₹2,200,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹14,800 |
| Retail (Max) | 13 | 2,600 | ₹192,400 |
| S-HNI (Min) | 14 | 2,800 | ₹207,200 |
| B-HNI (Min) | 67 | 13,400 | ₹991,600 |
Financial Statements Amount in Crore
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 1,125 | 4,119 | 2,859 |
| Profit After Tax | -19 | 82 | 13 |
| Net Worth | 2,032 | 2,050 | 831 |
| Total Assets | 6,542 | 6,192 | 3,877 |
| Reserves & Surplus | 1,282 | 1,282 | 334 |
| Total Borrowing | 250 | 250 | 250 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Augmentation of its capital base to strengthen solvency levels and –
- General corporate purposes –
Company Overview
Incorporated in 2008, Niva Bupa Health Insurance Company Limited is a joint venture between the Bupa Group and Fettle Tone LLP that provides insurance in the health sector.
The company offers a holistic proposition by providing customers access to a comprehensive health ecosystem and service capabilities through its Niva Bupa Health mobile application and website.
The company's products are broadly categorized into
- Retail products designed for individuals and families.
- Group products intended for employers and employees,
As of March 31 2024, the company had 14.73 million active lives insured.
As of March 31, 2024, the company is present across 22 states and four union territories in India.
From Fiscal Year 2022 to Fiscal Year 2024, the overall GWP grew at a CAGR of 41.27%, while GWP from retail health increased by 33.41%.
As of March 31, 2024, the telemarketing sales team has 410 employees. It uses machine learning lead scoring, product recommendations, and a real-time CRM dashboard to engage customers and drive conversions.
Competitive Strength:
- Diverse product range to suit customer's needs.
- An automated approach to customer service driven by technology.
- Bupa parentage and brand associated with health insurance and healthcare
- The company's expertise and experience in claims and provider management.
As of March 31, 2024, the company's technology function had 126 employees who focused on developing digital assets, software, and mobile applications.