Niva bupa health insurance IPO details. Date, Price, GMP, Review,

Niva bupa health insurance IPO

Niva bupa health insurance IPO details Today : Niva bupa health insurance IPO details Today is Open on [.] 2024 and Close on [.] 2024. Niva bupa health insurance IPO to Raise [.] shares (Approx ₹[.] Cr) via IPO. The Fresh issue of [.] shares (Approx ₹[.] Cr). 

Our purpose is to “give every Indian the confidence to access the best healthcare”. We aim to achieve this purpose through our health insurance products and services that enable customers to navigate their healthcare journey, by providing them access to a holistic health ecosystem.

Our retail and group products can be classified into the following lines of business

  • Health Insurance: This line of business includes both indemnity-based and benefit-based health insurance products which are offered to retail and group customers.
  • Personal Accident: This line of business includes primarily benefit-based products offered to retail and group customers.
  • Travel Insurance: This line of business includes a combination of indemnity-based and benefit-based products, along with travel inconvenience benefits, and is offered to retail and group customers, including domestic and international travellers.

we are one of India’s largest and fastest growing SAHI based on overall health GDPI of ₹54,944.28 million in Fiscal 2024.

our customers over 16 years of operations, we have built a track record of product 169 innovation catering to a range of customer groups.

We aim to create a health insurance platform of choice for customers in India. We offer our customers the ability to access a comprehensive health ecosystem and service capabilities via our ‘Niva Bupa Health’ mobile application and website, thereby offering them a holistic proposition.

This application provides our customers access to a range of healthcare solutions including diagnostics, digital consultation, annual health check-ups and health education content. Customers can also undertake claims submission, policy servicing and track health parameters through this application.

Through our diverse and evolving product suite and our ‘Niva Bupa Health’ mobile application and website, we aim to provide our customers access to a range of healthcare and disease management solutions.

Our Promoters  Bupa Singapore Holdings Pte. Ltd. and Bupa Investments Overseas Limited, are members of the Bupa Group. Through our association with the Bupa Group, we have access to its international healthcare insurance experience. Established in 1947, the Bupa Group is an international healthcare organization serving over 50 million customers 3 worldwide, as at December 31, 2023.

Bupa offers health insurance, healthcare provision and aged services, and it has businesses around the world but, principally, in the UK, Australia, Spain, Chile, Poland, New Zealand, Hong Kong SAR, Türkiye, Brazil, Mexico, India, the US, Middle East and Ireland.

Our technology integration across our distributors is enabled by our core API stack, developed in-house by us, which aims to facilitate a seamless onboarding journey for our distributors. We offer digital features such as ‘Digital Dukaan’ on our ‘Niva Bupa UNO’ mobile application to support our individual agents in their sales and marketing processes, including their origination efforts. ‘Digital Dukaan’ also includes features to build our individual agents’ social media profiles, generate social media marketing content for products and other functions aimed at generating leads, to drive agent productivity, loyalty and engagement .

Network Hospitals and entered into special arrangements with PPN Hospitals. Out of the total 10,460 Network Hospitals as of March 31, 2024, 326 were PPN Hospitals, which provide
benefits to customers such as free ambulance services, designated relationship manager in the facility, discount on pharmacy, diagnostics and consultations even after discharge.

Niva bupa health insurance IPO Date & Price Band Details

IPO Open Date [.] 2024
IPO Close Date [.] 2024
IPO Size Approx ₹[.] Crores
Fresh Issue Approx ₹[.] Crores
Lot Size [.] Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹[.] Per Every Share
IPO Listing On NSE SME
IPO Retail Quota -%
IPO QIB Quota -%
IPO NII Quota -%
DRHP Draft Click Here
Anchor Investor Click Here

Niva bupa health insurance IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 - ₹-
Retail Maximum 1 - ₹-
S-HNI Minimum 2 - ₹-

Object of the Issue

1. Augmentation of its capital base to strengthen solvency levels.
2. General corporate purposes.

Niva bupa health insurance IPO Allotment & Listings (Details)

IPO Open Date [.] 2024
IPO Close Date [.] 2024
Basis of Allotment [.] 2024
Refunds [.] 2024
Credit to Demat Account [.] 2024
IPO Listing Date [.] 2024

Niva bupa health insurance Financial Reports

₹ in Crores
Year Revenue Expense PAT
2024 ₹- ₹- ₹-
2023 ₹- ₹- ₹-
2022 ₹- ₹- ₹-
2021 ₹- ₹- ₹-

Our Company Promoters

  1. Bupa Singapore Holdings Pte. Ltd.
  2. Bupa Investment Overseas Limited.

Qualitative Factors

1. Granular retail health insurer with a focus on delivering robust GWP growth, capital efficiency and profitability;
2. Our diverse product suite for customers, bolstered by our track record for product innovation;
3. Technology-led automated approach to customer servicing;
4. Bupa parentage and brand associated with health insurance and healthcare;
5. Our domain knowledge and experience in claims and provider management;
6. Multi-channel diversified pan-India distribution, with technology-led empowerment of distribution partners;
7. Our technology and analytics platforms; and
8. Experienced management team backed by established investors and underpinned by sustainable employment practices.

Niva bupa health insurance Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per
Niva Bupa Health Insurance Company Limited 10.00 0.51 [.] 5.68% 12.06
Peer Group
Star Health and Allied Insurance Company Ltd 10.00 14.48 36.97 14.35% 108.35
ICICI Lombard General Insurance Company Ltd  10.00 39.03 45.92 17.17% 242.75
The New India Assurance Company Ltd 5.00 6.77 35.23 5.13% 132.55

Comparison of accounting ratios with listed industry peers

  • Niva Bupa Health Insurance Company Limited
  • Star Health and Allied Insurance Company Ltd
  • ICICI Lombard General Insurance Company Ltd 
  • The New India Assurance Company Ltd

Also Read: Effwa Infra and Research IPO details. Date, Price, GMP, Review

Niva bupa health insurance Company Contact Details

C-98, 1st Floor Lajpat Nagar
Part 1, South Delhi
New Delhi – 110 024 India.
Contact Person:Rajat Sharma
Email: Investor@nivabupa.com
Telephone: +91 124 635 4900
Webiste: www.nivabupa.com

Niva bupa health insurance IPO Registrar

KFin Technologies Limited
Selenium, Tower B, Plot No- 31 and 32
Financial District, Nanakramguda, Serilingampally
Hyderabad, Rangareedi 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: nivabupa.ipo@kfintech.com
Website: www.kfintech.com
Investor Grievance ID: einward.ris@kfintech.com
Contact Person: M Murali Krishna

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