Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Detail Review –
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Detail is set to open from 7th Nov 2024 to 11th Nov 2024. In this article we will analyze the financials , strengths and weaknesses of the Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO). Keep scrolling below to read more!
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Overview –
Established 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.
- 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%.
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.
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Synopsis-
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) is set to be open from 7th Nov 2024 to 11th Nov 2024, offering combination of fresh issue of 10.81 crore shares aggregating to Rs 800.00 crores and offer for sale of 18.92 crore shares aggregating to Rs 1,400.00 crores. This NSE,BSE IPO follows a Book Built Issue IPO with tentative listing date fixed as Thursday, November 14, 2024.
The total issue size of this IPO amounts to Rs. 2,200.00 Crores. The company has allocated shares 10% to retail investors, 75% to institutional and 15% to non institutional investors.
| Particulars | Details |
| Opening Date | 7th Nov 2024 |
| Closing Date | 11th Nov 2024 |
| Lot Size | 200 Shares |
| Face Value | Rs 10 |
| IPO Size | Rs. 2,200.00 Cr |
| Fresh Issue | Rs. 800 Cr |
| IPO Price Range | Rs. 70 – 74 |
| Min. Investment | Rs. 14,800 |
| Offer for Sale (OFS) | Rs. 800.00 Cr |
| Employee Discount | N/A |
| Basis of Allotment | 12th Nov 2024 |
| Refunds | 13th Nov 2024 |
| Listing Date | 14th Nov 2024 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Market Lot
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) minimum market lot is 200 shares with ₹14,800 application amount. The retail investors can apply up to 13 lots with 2,600 shares or ₹192,400 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 200 | ₹14,800 |
| Retail Maximum | 13 | 2,600 | ₹192,400 |
| S-HNI Minimum | 14 | 2,800 | ₹207,200 |
| S-HNI Maximum | 67 | 13,400 | ₹991,600 |
| B-HNI Minimum | 68 | 13,600 | ₹1,006,400 |
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Book Running Lead Managers –
- ICICI Securities Limited
- Morgan Stanley India Company Private Limited
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- Motilal Oswal Investment Advisors Limited
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Registrar to the offer –
The registrar for the Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) is Kfin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
The Objective Of The Issue –
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Augmentation of its capital base to strengthen solvency levels and
- General corporate purposes
Key Performance Indicator –
The market capitalization of Niva Bupa Health Insurance Company Limited is Rs 13380.91 Cr.
KPI as of June 30, 2024.
| KPI | Values |
| ROE: | N/A |
| ROCE: | N/A |
| EBITDA Margin: | N/A |
| PAT Margin: | N/A |
| Debt to equity ratio: | N/A |
| Earning Per Share (EPS): | ₹0.51 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 5.68% |
| Net Asset Value (NAV): | ₹112.06 |
Financial Status –
Niva Bupa Health Insurance Company Limited’s revenue increased by 44.05% and profit after tax (PAT) rose by 552.73% between the financial year ending with March 31, 2024 and March 31, 2023.
Below is the synopsis of the company’s financial data for the financial year that concluded on 31 March 2024.
The company’s total assets are Rs. 6,191.87 crore.
The company’s total revenue is Rs. 4,118.63 crore.
The company’s PAT is Rs. 81.85 crore.
The company’s net worth is Rs. 2,049.59 crore
| Particulars(in Rs. Crores) | 30 June 2024 | 31 MAR 24 | 31 MAR 23 | 31 MAR 22 |
|---|---|---|---|---|
| Revenue From Operations | 1,124.90 | 4,118.63 | 2,589.24 | 1,884.54 |
| PAT | -18.82 | 81.85 | 12.54 | -196.53 |
| Net Worth | 2,031.77 | 2,049.59 | 831.12 | 507.65 |
| Total Assets | 6,542.06 | 6,191.87 | 3,876.57 | 2,738.44 |
| Total Borrowings | 250.00 | 250.00 | 250.00 | 250.00 |
Evaluation of P/E Ratio :
The P/E Ratio of Niva Bupa Health Insurance Company Limited is 145.09x.
Comparative Analysis with Listed Peers
The average P/E Ratio of the industry is 38.60x.
Peers of Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) –
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|
| Niva Bupa Health Insurance Company Limited | 0.51 | 12.06 | 5.68 | |||
| Star Health and Allied Insurance Company Limited | 14.48 | 108.35 | 36.97 | 14.35 | 5.03 | Consolidated |
| Icici Lombard General Insurance Company Ltd | 39.03 | 242.75 | 45.92 | 17.17 | 6.96 | Consolidated |
| The New India Assurance Company Ltd | 6.77 | 132.55 | 35.23 | 5.13 | 1.72 | Consolidated |
Niva Bhupa is the second largest company among its peers with a market share of 9.10% for FY24, while Star Health and Allied Insurance Company Ltd holds the biggest market share of 33.06%, ICICI Lombard General Insurance Company with least 2.95%, and The New India Assurance Company Ltd holds 7.34% during the same year.
Despite having the lowest Market share, ICICI Lombard General Insurance Company is instrumental in gaining Rs.1,918.5 Crores in FY24. While Star Health and Allied Insurance Company Ltd have a net profit of Rs.845 crores, The New India Assurance has a decent net profit of Rs.1091.12 Crores and Niva Bhupa turned out as the last company in the race with a net profit of Rs.81.8 Crores during the same period.
Dividend Policy
The company has not paid any dividends in the last three fiscal.
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Strengths –
Granular retail health insurer that prioritizes profitability, capital efficiency, and strong GWP growth.
Its wide range of products for clients is supported by its history of developing innovative products.
An automated, technology-driven approach to customer service.
The parent company and brand of Bupa, which is linked to health insurance and healthcare.
Its expertise in claims and provider management.
Pan-India distribution that is multi-channel diverse and empowers distribution partners through technology.
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Weakness –
The ability of the business to control underwriting risks and set product prices effectively determines how profitable it will be.
The health insurance sector accounts for a sizable amount of business.
The business is subject to stringent oversight and regulatory examinations.
The company depends on its intermediary channels of distribution.
The company has lost money as a loss.
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) Status –
Niva Bupa Health Insurance Company Limited allotment status will be available on Kfin Technologies Limited.
Click on Link Kfin Technologies Limited to get allotment status.
Niva Bupa Health Insurance Company Limited IPO (Niva Bupa Health Insurance IPO) GMP Today –
IPO’s last GMP is ₹0, last updated 7th Nov 2024. With the price band of 74.00, IPO’s estimated listing price is ₹74(cap price + today’s GMP). The expected percentage gain/loss per share is 0.00%.
Note : The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates, nor do we recommend trading in grey market.
Disclaimer:
- IPO Grey Market Premium (Niva Bupa Health Insurance Company Limited GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.
Conclusion –
Hope the details presented in this blog will assist you in learning about the financial performance of the company. Before making an investment in the company’s upcoming initial public offering (IPO), thoroughly research the company, its finances, business prospects, and market trends.
Also, investors should consult their financial advisor, conduct further due diligence, analyze industry trends and the competitive landscape, and consider risk factors before making an investment decision.
For all such latest information on upcoming IPOs, keep visiting our website.
