Niva Bupa Health Insurance Company Limited IPO: The issue will open on November 7. From financials to key risks, here are 10 important things to know about the RHP
1. IPO of Niva Bupa health insurance: important dates
Subscriptions for the Niva Bupa Health Insurance IPO will start on November 7, 2024 and end on November 11, 2024. The allocation for the Niva Bupa Health Insurance IPO is expected to be completed on Tuesday, November 12, 2024. The proposed listing date for the initial public offering (IPO) of Niva Bupa Health Insurance has been set for Thursday, November 14, 2024 on the BSE and NSE.
2. IPO of Niva Bupa Zorgverzekering: size
The IPO of Niva Bupa Health Insurance is a ₹2,200.00 crore book built offering. The offer consists of an offer to sell shares worth Rs 18.92 crore ₹1,400.00 crores and a fresh issue of 10.81 crore equity shares for ₹800.00 crores.
3. Niva Bupa Health Insurance IPO: Application Details
The price range or price range for the IPO of Niva Bupa Health Insurance is ₹70 to ₹74 per share. An application must have a minimum lot size of 200 shares. Private investors are required to invest a minimum amount of € ₹14,800. For large NII, the minimum investment in lot size is 68 lots (13,600 shares), or ₹1,006,400, while for small NII it is 14 lots (2,800 shares), or ₹207,200.
4.Niva Bupa Health Insurance IPO: objects of issuance
The company proposes to use the net proceeds to expand its capital base to strengthen solvency levels and for general corporate purposes.
5.About Niva Bupa health insurer
Niva Bupa Health Insurance Company Limited, a joint venture between Fettle Tone LLP and the Bupa Group, was established in 2008 and provides health insurance.
By giving customers access to a full range of health ecosystems and service options through the Niva Bupa Health website and mobile application, the company presents a comprehensive offering.
6. IPO of Niva Bupa health insurance: financial services
Niva Bupa Health Insurance Company Limited’s revenue increased by 44.05% year-on-year and net profit increased by 552.73% in FY24 over FY23.
7. Niva Bupa Health Insurance IPO: Key Risks
Niva Bupa Health’s profitability depends on our ability to manage underwriting risks and appropriately price its products. Failure to accurately estimate medical costs or frequency of claims could have a material adverse effect on Niva Bupa Health’s business, financial condition, results of operations and cash flows. and prospects
8.Niva Bupa Health Insurance IPO Promoter Holding
The company promoter is Bupa Singapore Holdings Pte. Ltd and Bupa Investments Overseas Limited.
9./Niva Bupa Health Insurance IPO: Registrar and Principal Managers
The lead managers of the Niva Bupa Health Insurance IPO are ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Hdfc Bank Limited and Motilal Oswal Investment Advisors Limited. The registrar of the issue is Kfin Technologies Limited.
10. Niva Bupa health insurance IPO GMP or gray market premium
Niva Bupa Health Insurance IPO GMP or gray market premium was at zero on Monday. This indicates that the shares of Niva Bupa Health Insurance IPO are available without any premium above the issue price in the gray market.
The gray market premium is an investor’s willingness to pay more for a public issue than the offering price.
