Niva Bupa Health Insurance Company
Listed
Listed
IPO Timeline
Issue open date
7 Nov 2024Issue close date
11 Nov 2024UPI mandate deadline
11 Nov 2024Allotment finalization
12 Nov 2024Refund initiation
13 Nov 2024Share credit
13 Nov 2024Listing date
14 Nov 2024Mandate end date
26 Nov 2024Lock-in end date for anchor investors (50%)
12 Dec 2024Lock-in end date for anchor investors (remaining)
10 Feb 2025Key Dates
Open
7 Nov 2024Close
11 Nov 2024Listing
14 Nov 2024Quick Stats
Issue Size:2200cr
Lot Size:200 shares
About the Company
Niva Bupa Health Insurance Company Limited is one of India’s largest and fastest-growing health insurers, with a notable overall health GDPI of ₹54,944.28 million in Fiscal 2024. Over the past two years, its growth has significantly outpaced the industry average, with a CAGR of 41.37% in health gross direct premium income (GDPI). Leveraging its ‘Niva Bupa Health’ mobile app and website, the company provides a comprehensive health ecosystem, including diagnostics, digital consultations, and policy management.
Strengths
- Focus on GWP growth, capital efficiency, and profitability.
- Diverse product suite with a strong innovation track record.
- Technology-driven automated customer servicing.
- Bupa brand backing and expertise in health insurance.
- Multi-channel distribution with tech-enabled partner empowerment.
Risks
- Inaccurate pricing or underwriting risks could hurt profitability.
- Dependence on health insurance makes the company vulnerable to market shifts.
- Poor relationships with hospitals may affect cashless claims and costs.
- Delayed claim payments could lead to customer dissatisfaction and penalties.
- Brand or reputation damage, including Bupa’s, may impact business performance.
Niva Bupa Health Insurance Company IPO – Frequently Asked Questions
- The price band for the Niva Bupa Health Insurance Company IPO is set at ₹70 to ₹74 per share.
- The Niva Bupa Health Insurance Company IPO opens on November 7, 2024 and closes on November 11, 2024.
- The tentative listing date for the Niva Bupa Health Insurance Company IPO is November 14, 2024.
- You can apply for the Niva Bupa Health Insurance Company IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Niva Bupa Health Insurance Company, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Niva Bupa Health Insurance Company IPO is 200 shares. Investors must apply for at least one lot (i.e., 200 shares).