Niva Bupa Health Insurance IPO

Niva Bupa Health Insurance Company Ltd

₹14,000 /200 sharesMinimum Investment

Niva Bupa Health Insurance IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹74.00₹78.14₹4.14 (5.59%)

Niva Bupa Health Insurance IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Nov ‘24 - 11 Nov ‘24₹14,000200₹70 - ₹74
Issue SizeIPO Doc
2200.00Cr
RHP PDF

Subscription rate

As of 11 Nov'24, 04:00 PM
Qualified Institutional Buyers1.9x
Non-Institutional Investor0.66x
Retail Individual Investor2.56x
Total1.68x

About Niva Bupa Health Insurance

Niva Bupa Health Insurance Company Limited is promoted by Bupa Singapore Holdings Pte. Ltd. and Bupa Investments Overseas Limited, members of the Bupa Group. This makes Niva Bupa Health Insurance Company Limited the only health insurance company in India to be majority controlled by a foreign global healthcare group. Niva Bupa Health Insurance Company’s association with these foreign players gives it access to their international healthcare insurance experience. Established in 1947, the Bupa Group is an international healthcare organisation serving over 50 million customers globally as of December 31, 2023. The Bupa Group offers health insurance, healthcare provision, and aged services around the world, but principally in the UK, Australia, Spain, Chile, Poland, New Zealand, Hong Kong SAR, Türkiye, Brazil, Mexico, India, the US, the Middle East, and Ireland. Bupa also has an associate business in Saudi Arabia. The company had 14.73 million active lives insured as of March 31, 2024. It claims to be strategically focused on the retail health market, with gross written premium (GWP) from its retail health products at 68.47% of its overall GWP for the financial year 2023-24.;
Founded in
2008
Managing director
Mr. Krishnan Ramachandran
Parent organisation
Niva Bupa Health Insurance Company Ltd

Strengths & Financials of Niva Bupa Health Insurance

Strengths
Risks
The company claims to be the third-largest and second-fastest-growing standalone health insurer (SAHI) in India based on overall health gross direct premium income (GDPI) in FY24, at a compounded annual growth rate (CAGR) of 41.37% from FY22 to FY24.
The company claims to have a market share in the Indian SAHI market of 16.24%, 15.58%, and 13.87% for financial years 2024, 2023, and 2022 based on retail health GDPI.
The company’s diverse distribution channels, including direct sales through its website and other digital-related distributors, have contributed to its growth in GWP and improved its operating leverage, while lowering the expenses of management as a percentage of GWP to 39.29% in FY24, 41.14% in FY23, from 42.46% in FY22.
The company has put in place automated and digital self-service capabilities aimed at enabling customers to benefit from a seamless experience with minimal manual intervention. For FY24, it had 99.95% of its new policies applied for digitally, 81.27% of the claims submitted digitally, 85.39% of renewals completed without human intervention, and 95.50% of the number of payments received made digitally through its website and mobile app.

Niva Bupa Health Insurance Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Niva Bupa Health Insurance IPO

Apply asPrice bandApply upto
Regular70 - 74₹2 Lakh
High Networth Individual70 - 74₹2 - 5 Lakh
For Niva Bupa Health Insurance IPO, eligible investors can apply as Regular.
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