Niva Bupa Health Insurance Ltd. IPO has been announced, and if you are thinking for its subscription don’t do it
Without knowing this, as you have missed a lot of details of Niva Bupa IPO and without considering it, filing an IPO would be a money waste.
Information You have Missed about Niva Bupa and its IPO
Niva Bupa IPO will be open for subscription from November 7 to November 11 2024. The expected allotment finalization for IPO would be on Tuesday, November 12.
The listing would be occur on BSE and NSE with tentative listing date fixed as Thursday November 14.
The price band of Niva Bupa IPO is set on 70 to 74 rupees per share and with the minimum allotment size for application is 200 share.
The minimum investment required from retail investors is 14800. Minimum size for investment for sNII is 14 lots that is 2800 share which amounts to 207200 rupees and for bNII, it is 68 lots aggregating 13600 shares with the minimum investment pricing at 1006400.
The book running lead managers of Niva Bupa Health Insurance IPO includes ICICI Securities Ltd., Morgan Stanley India Company Private Limited, Kotak Mahindra Capital Company Limited, access Capital Limited, HDFC Bank Limited and Motilal Oswal Investment Advisors Limited. Registrar for the issue is KFin Technology Limited.
H3 heading: About Niva Bupa Health Insurance Company Ltd.
Niva Bupa Health Insurance Company Ltd. was a joint venture between Bupa group and Fetal Tone LLP.
As of March 2024, it had present across 22 states and 4 union territories with 14.73 million active customers.
From FY 22 to FY 23, overall GWP give at a CAGR around 41% while GWP from retail health increase 33.41%.
H2 heading : Must know Indicators for Niva Bupa IPO
With announcement of Niva Bupa Health Insurance IPO, many investors are cleanly looking to invest however, they would be making loss if they invest without knowing this.
(H3 heading) Health and Performance Indicator
The market capitalisation of Niva Bupa IPO is Rs. 13380.91 crores, while the book built issue of IPO is of 2200 crores, which encompasses combination of fresh issue of 10.81 crore shares and 18.92 crore shares of offer for sale aggregating 800 crores and 1400 crores respectively.
H3 : Key Performance Indicator
As of June 30 2024, the debt equity ratio is 0.12 with price to book ratio of 6.14 and return on net worth is -0.92.
H2 : Institutional Analyst on Niva Bupa IPO
As of now no major institutional analyst have published any reports regarding Niva Bupa Health Insurance Company Ltd. IPO, indicating a watch for now reactions from institutional analyst.
However the retail investors have been vocal about it on various platform, the majority of retail investors have been impressed by the technicals and expecting a good returns in long term but with cutoff price.
Overall, Niva Bupa Health Insurance Company Ltd. IPO have good technicals and is currently having positive Outlook among retail investors however with all the indicators and Geo political tensions as well as market uncertainties, institutional analyst have been taking their time to comment on it.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
Niva Bupa IPO
