Niva Bupa Health Insurance Company Ltd IPO
| IPO Date | November 7, 2024 to November 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹74 per share |
| Lot Size | 200 Shares |
| Total Issue Size | 297,297,297 shares (aggregating up to ₹2,200.00 Cr) |
| Fresh Issue | 108,108,108 shares (aggregating up to ₹800.00 Cr) |
| Offer for Sale | 189,189,189 shares of ₹10 (aggregating up to ₹1,400.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 1,700,122,985 |
| Share holding post issue | 1,808,231,093 |
Niva Bupa Health Insurance Company Limited stands as one of India’s leading and fastest-growing health insurers, achieving a remarkable health Gross Direct Premium Income (GDPI) of ₹54,944.28 million in Fiscal Year 2024. Over the past two years, the company has recorded an impressive compound annual growth rate (CAGR) of 41.37% in health GDPI, significantly surpassing the industry average. Through its ‘Niva Bupa Health’ mobile app and website, Niva Bupa offers a holistic health ecosystem, encompassing diagnostics, digital consultations, and streamlined policy management.
The company is backed by the global expertise of the Bupa Group, giving it an edge in integrating international best practices in healthcare. It adopts a data-driven approach focused on Lifetime Value (LTV)-based customer management, which enhances customer retention and satisfaction. Niva Bupa’s diversified distribution network includes direct sales and a variety of intermediaries, ensuring broad market reach. With a commitment to digital transformation, the insurer maintains a high claims settlement ratio, supported by an extensive network of hospitals nationwide.
Niva Bupa’s emphasis on technology integration and customer-centric service has driven impressive growth in Gross Written Premium (GWP). The company remains dedicated to providing a seamless and accessible experience, reinforcing its position as a trusted healthcare provider in India’s evolving health insurance landscape.