Here are NIVA Bupa Health Insurance IPO details:
One more mainboard IPO has been set to open for bid on 6 November.
And close on 8 November at 4:50 PM. Let’s explore all the details.
Total issue size aggregates up to ₹2,200 Crores.
IPO Name: Niva Bupa IPO Date
| Offer Date: November 6-8 | Offer Price: ₹0-₹0 |
| Lot Size: | Subs |
| GMP: ₹ ( %) | Expected Listing Price: ₹ |
Check here IPO expected listing price
NIVA Bupa IPO Date (s)
| Open Date | 6 November |
| Close Date | 8 November |
| Allotment Date | 11 November |
| Refunds Initiation Date | 11 November |
| Demat Transfer Date | 11 November |
| Listing Date | 13 November |
NIVA Bupa IPO Details
| Shareholding Pre Issue | 1,700,122,985 Equity Shares |
| Face Value | |
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| Listing at | BSE, NSE |
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| Anchor Investors List | |
| Registrar | Kfintech |
NIVA BUPA Key Performance Indicator
| ROE | |
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| Debt/Equity | |
| RoNW | 5.68% |
| P/BV | |
| PAT Margin (%) | |
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Financial Statement
| Period Ended | March-24 | March-23 | March-22 |
| Assets | ₹6,191.86 Cr. | ₹3,876.56 Cr. | ₹2,738.43 Cr. |
| Revenue | ₹4,118.63 Cr. | ₹2,859.23 Cr. | ₹1,884.54 Cr. |
| Profit After Tax | ₹81.85 Cr. | ₹12.54 Cr. | -19.65 Cr. |
| Net Worth | ₹2,049.59 Cr. | ₹831.12 Cr. | ₹507.64 Cr. |
| Total Borrowing | ₹250.00 Cr. | ₹250.00 Cr. | ₹250.00 Cr. |
NIVA Bupa Health Insurance Company
Niva Bupa Health Insurance Company, originally incorporated as Max Bupa Health Insurance Limited on September 5, 2008, in New Delhi, India.
Key Information
- Rebranding: Became NIva Bupa following Max India’s exit, retaining Bupa’s international healthcare expertise.
- Establishment: Incorporated under the Companies Act of 1956, as a public limited company.
- Origins: Began as a joint venture between Max India and UK-based Bupa.
Product Portfolio
Niva Bupa offers a wide range of health insurance plans, including:
- Hospitalization Coverage: Plans for general hospitalization needs.
- Critical Illness Coverage: Insurance for major illness.
- Maternity Benefits: Specific plans covering maternity-related expenses.
- Wellness Benefits: Coverage for wellness and preventive healthcare.
Features:
- Cashless Treatment: Available at an extensive network of partner hospitals across India.
- Technology-driven Approach: Focus on innovative, customer-centric technology solutions.
- Simplified claims Process: Streamlined and accessible claims process.
Mission:
Niva Bupa aims to enhance access to quality healthcare and ensure financial security for its customers.
Strength Factors:
- Granular Retail Focus: Strong emphasis on driving growth in Gross Written Premium (GWP), capital efficiency, and profitability in the retail insurance segment
- Diverse Product Suit & Innovation: Comprehensive product offerings tailored for various customer needs, supported by a proven track record in product innovation.
- Technology-Driven Servce: Automated, technology-led approach to customer service, ensuring efficient and seamless customer experiences.
Risks Factors
- Underwriting and Pricing Risks: Profitability relies heavily on effective management of underwriting risks and accurate pricing of products, misestimation of medical expenses or claim frequency could negatively impact financial performance
- Market Dependency on health insurance: A substantial reliance on health insurance makes the company vulnerable to adverse market trends or regulatory changes impacting the sale and performance of health insurance products.
- Product Alignment and Profitability: Failure to adapt products, particularly retail health insurance to meet customer needs profitably could materially affect business outcomes and growth potentials.
For more details visit NSE website
Hi, I’m Avishek, a passionate stock market enthusiast turned full-time investor. With my 3+ years of experience in the Indian and Global markets, I’ve developed a keen eye for potential winners. My portfolio includes successful allotments in IPOs from NYKAA, Bajaj Housing Finance, Waaree Energies Ltd, and more. I have never lost money in the stock market. Through this blog, I will provide all the information here.