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Open
7 Nov 2024
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Close
11 Nov 2024
3
Allotment
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Listing
Thu, Nov 14, 2024
Price Band
₹70 to ₹74
Issue Size
29,72,97,296 shares (agg. up to ₹2,200 Cr)
Lot Size
200 Shares
Listing Date
Thu, Nov 14, 2024
Latest GMP
₹1
Est. Gain
1.35%
✦ AI Insight
GMP Trend
14-11-2024₹1Est. ₹75+1.35%
13-11-2024₹1Est. ₹75+1.35%
12-11-2024₹0Est. ₹74+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.50x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6,542.06 | 6,191.87 | 3,876.57 | 2,738.44 |
| Total Income | 1,124.90 | 4,118.63 | 2,859.24 | 1,884.54 |
| Profit After Tax | -18.82 | 81.85 | 12.54 | -196.53 |
| NET Worth | 2,031.77 | 2,049.59 | 831.12 | 507.65 |
| Reserves and Surplus | 1,282.44 | 1,282.02 | 334.26 | 125.40 |
| Total Borrowing | 250.00 | 250.00 | 250.00 | 250.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Go Digit General Insurance Ltd. | Mainboard | ₹2,614.65 Cr | ₹272 | 670.31 | ₹306.00 | +12.50% | ₹281.90 (-1.16%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The company proposes to utilize the Net Proceeds from the Fresh Issue, as per applicable IRDAI regulations, towards augmentation of its capital base to maintain and strengthen its solvency levels by investing in instruments and in the manner prescribed under the IRDAI (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024 (“IRDAI AFIF Regulations”) | 765.24 |
About Niva Bupa Health Insurance IPO
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
Contact Details
Niva Bupa Health Insurance Co.Ltd. AddressC-98, 1st FloorLajpat Nagar, Part 1New Delhi, New Delhi, 110024+91 1246354900investor@nivabupa.comVisit Website