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Niva Bupa Health Insurance Company Ltd. IPO
Niva Bupa Health Insurance Company Ltd., established in 2008, operates in the Finance - Non Life Insurance sector. The company's IPO opened on November 7, 2024 and closed on November 11, 2024, with an ... Read more
IPO Timeline
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7 Nov 2024Bidding Starts
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11 Nov 2024Bidding Ends
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12 Nov 2024Allotment Finalization
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14 Nov 2024Listing
About Niva Bupa Health Insurance Company Ltd.
We are a standalone health insurer (“SAHI”) strategically focused on the retail health market. According to the Redseer Report, we are one of India’s largest and fastest growing SAHIs based on overall health insurance gross direct premium income (“GDPI”) of ... Read more
Niva Bupa Health Insurance Company Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 13,37,83,784 (45%) |
| Non Institutional Investors | 4,45,94,595 (15%) |
| Qualified Institutional Buyers (QIBs) | 8,91,89,189 (30%) |
| Retail Individual Investors (RIIs) | 2,97,29,730 (10%) |
Niva Bupa Health Insurance Company Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 4,336.27 Cr | 81.85 Cr | 350.89 Cr |
| 31 Mar 2023 | 3,227.32 Cr | 12.54 Cr | -682.92 Cr |
| 31 Mar 2022 | 2,158.70 Cr | -196.53 Cr | -902.96 Cr |
Niva Bupa Health Insurance Company Ltd. Background
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2008Our Company was incorporated in September 2008 as a joint venture between Max India Limited and Bupa Singapore Holdings Pte. Ltd.
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2010Our Company was granted registration certificate by the IRDAI to carry general insurance business in February, 2010.
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2016Bupa Singapore Holdings Pte. Ltd. increased its shareholding in our Company from 26% to 49% following relaxation in FDI norms, in July 2016
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2019Fettle Tone LLP became a shareholder in our Company pursuant to the acquisition of Equity Shares of our Company from Max India Limited and Bupa Singapore Pte. Ltd.
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2021• Pursuant to the acquistion of the Equity Shares of our Company by Fettle Tone LLP from Max India Limited, our Company changed its name from “Max Bupa Health Insurance Company Limited” to “Niva Bupa Health Insurance Company Limited” in July
• Our Company raised ?1,500 million of subordinated debt by issuing non-convertible debentures. For details regarding issuance of non-convertible debentures, see “Financial Indebtedness” on page 381.
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2022Our Company raised ?1,000 million of subordinated debt by issuing non-convertible debentures. For details regarding issuance of non-convertible debentures, see “Financial Indebtedness” on page 381.
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2023Our Company raised ?8,000 million through preferential allotment of its Equity Shares to Paragon Partners Growth Fund II, V-Sciences Investments Pte Ltd, India Business Excellence Fund IV, and SBI Life Insurance Company Limited in December 2023.
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2024Our Company became a subsidiary of Bupa Singapore Holdings Pte. Ltd. upon its acquisition of 366,381,439 Equity Shares of our Company from Fettle Tone LLP.
1. Augmentation of capital base to maintain and strengthen solvency levels
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 74.00 | ₹ 74.00 |
| Open | ₹ 78.50 | ₹ 78.14 |
| Low | ₹ 73.60 | ₹ 73.51 |
| High | ₹ 80.94 | ₹ 81.00 |
| Last Trade | ₹ 74.00 | ₹ 74.02 |
1. Bupa Singapore Holdings Pte. Ltd.
2. Bupa Investments Overseas Limited.
3. Fettle Tone LLP
According to the Redseer Report, in India, health insurance providers can be broadly categorized into three main types and as of August 31, 2024, there are 4 IRDAI-recognized public insurers excluding specialized insurers, 21 private insurers and 7 IRDAI-recognized SAHIs. The retail health ... Read more
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Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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