Niva Bupa Health Insurance IPO: In post- Covid world, investors happy realized the importance of health sector and potential for its growth in a short span of time.
Therefore, if you are looking for IPS related to Health Sector, Niva Bupa Health insurance IPO next week should be your pick.
All the Details you Need to Know About IPO
Niva Bupa Health Insurance IPO will be open from 6 November and will remain till 8 November for subscription.
IPO comprises of 800 crores worth of fresh issue of equity shares and 1400 crore worth of Offer for Sale totalling it to 2200 crores.
As of now price band of IPO isn’t disclosed, however as per schedule the allotments will be finalized on November 11 and refunds will process to buy November 12.
Bhopa Singapore holdings and Fettle Tone will divest their states partially under the OFS.
Must Know for Niva Bupa Health Insurance Company
Niva Bupa Health Insurance Company is third largest stand alone and second fastest growing Health insurance in India.
With the 5494 crore of Gross Direct Premium Income in fiscal 2024 and CAGR of 41.37% from FY22 to FY24, which is almost doubled from average growth rate of industry. Moreover, Gross Return Premium also grew at cagr of 33.41% over the same period.
Not limited to it, Niva Bupa Health Insurance Company have reported profit after tax rose to 81.85 crore from 12.54 crore.
Harbour operating profit have dropped sharply from 350.9 crores to 188 crores during the same period. Further more it has posted a loss of 18.8 crore at the end of June 2024 narrowing the loss from 72.2 crore previous year.
Why Niva Bupa Health Insurance Company can grow more?
Among the industry, Niva Bupa Health Insurance Company is one of the few in industry which leverages machine learning and logistic regression models to come back insurance fraud which directly improve customer service. In addition to it with all the parameters, investors are still hopeful for Niva Bupa Health Insurance Company.
However it remains to be seen in the performance of IPO only.
Big Names in Niva Bupa Health Insurance Company IPO
The book running lead managers that are involved in managing the issues Niva Bupa Health Insurance Company includes HDFC Bank, Motilal Oswal investment Advisors, Morgan Stanley India Company, Kotak Mahindra Capital Company and Axis Capital.
Fin Technologies are the registrar to the offer.
All in all, if the indicated parameters are fitting in your preference for your portfolio then stay active on November 6.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
Niva Bupa Health
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