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Bidding Date
07-Nov-2024 to
11-Nov-2024
Issue Size
₹2200 Cr
Price Band
₹70 to ₹74
Allotment date
12-Nov-2024
Listing date
14-Nov-2024
Lot size
200
No. of shares
29,72,97,297
Fresh issue/OFS
₹800 Cr/₹1400 Cr
The company has been operational for 16 years and is part of the Bupa Group, which was established in 1947. Bupa Singapore Holdings Pte. Ltd. and Bupa Investments Overseas Limited are the promoters, giving the company access to international healthcare insurance expertise. The company specializes in health insurance products and services, aiming to enhance customer confidence in accessing quality healthcare. It operates in India’s health insurance sector, focusing primarily on the retail health market. It serves 14.99 million active lives insured, leveraging a diversified distribution strategy through both direct and intermediated channels. The retail segment accounted for approximately 68.47% of the overall GWP in Fiscal 2024. The company offers a comprehensive health ecosystem via its “Niva Bupa Health” mobile application and website, which provides access to healthcare solutions like diagnostics, digital consultations, and health education content.
Read our in-depth analysis of the Niva Bupa Health Insurance Company Ltd IPO Here
Category
Status
QIBs
2.1x
NIIs
0.7x
Retail
2.7x
Others
--
Total
1.8x
The issue size of Niva Bupa Health Insurance Company Ltd is ₹2,200.00 Cr.
Niva Bupa Health Insurance Company Ltd falls into Insurance industry.
The Niva Bupa Health Insurance Company Ltd IPO will be listed on both NSE and BSE.
The open and close dates for the Niva Bupa Health Insurance Company Ltd are 07-Nov-2024 & 11-Nov-2024.
The price band for the Niva Bupa Health Insurance Company Ltd ipo is ₹70 to ₹74
The listing date of Niva Bupa Health Insurance Company Ltd IPO is 14-Nov-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Niva Bupa Health Insurance Company Ltd total subscription ratio is 1.8X.