Niva Bupa Health Insurance Company Ltd Opens On November 07. Check IPO Details Issue Date Price

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Niva Bupa Health Insurance Company Ltd Opens On November 07. Check IPO Details Issue Date Price

November 06, 2024
Niva Bupa Health Insurance Company Ltd Opens On November 07. Check IPO Details Issue Date Price

Niva Bupa Health Insurance Company Limited is coming out with a fresh public issue to raise Rs. 2200 crores from the market.

Below are the details of the Niva Bupa Health Insurance Company Limited IPO:

  • Issue opens – November 07 (Thursday)
  • Issue closes – November 11 (Monday)
  • Issue size – Rs. 2200 crores
  • Price band – Rs. 70 - 74 per equity share
  • Bid lot – 200 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Niva Bupa Health Insurance Company Limited's purpose is to “give every Indian the confidence to access the best healthcare”. They aim to achieve this purpose through their health insurance products and services that enable customers to navigate their healthcare journey, by providing them access to a holistic health ecosystem. According to the Redseer Report, they are one of India’s largest and fastest growing SAHI based on overall health GDPI of ?54,944.28 million in Fiscal 2024.
  • Responding to the evolving needs of their customers over 16 years of operations, they have built a track record of product innovation catering to a range of customer groups. They aim to create a health insurance platform of choice for customers in India. They offer their customers the ability to access a comprehensive health ecosystem and service capabilities via their ‘Niva Bupa Health’ mobile application and website, thereby offering them a holistic proposition. This application provides their 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 their diverse and evolving product suite and their ‘Niva Bupa Health’ mobile application and website, they aim to provide their customers access to a range of healthcare and disease management solutions.
  • Their Promoters, Bupa Singapore Holdings Pte. Ltd. and Bupa Investments Overseas Limited, are members of the Bupa Group. Through their association with the Bupa Group, they have access to its international healthcare insurance experience. Established in 1947, the Bupa Group is an international healthcare organization serving over 50 million customers worldwide, as at December 31, 2023, as per the Redseer Report. According to the Redseer Report, with no shareholders, it reinvests profits into providing more and better healthcare for the benefit of current and future customers. According to the Redseer Report, 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. According to the Redseer Report, Bupa also has an associate business in Saudi Arabia.

    Issue Size: Rs. 2200 Cr.

    Issue break-up:

    QIB - 75 % of the offer - Rs. 1650.00 Cr
    NIB - 15 % of the offer - Rs. 330.30 Cr
    RET - 10 % of the offer - Rs. 220.00 Cr

    Listing: BSE & NSE

    Registrar: KFin Technologies Limited

    UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

    Note

    Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

    The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Monday, November 11th, 2024.

    Not an Espresso customer, but still want to apply for the IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

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