Objective of the Issue

The company proposes to utilise the Net Proceeds towards the following objects:

  1. Augmentation of its capital base to strengthen solvency levels.
  2. General corporate purposes.

IPO Details, Price, Market Lot

Niva Bupa Health Insurance IPO Details
IPO Open Date 7 November 2024
IPO Close Date 11 November 2024
IPO 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 (Aggregating up to ₹1,400.00 Cr)
Retail Portion Not more than 10.00% of the offer
NII Portion Not more than 15.00% of the offer
QIB Portion Not less than 75.00% of the offer
Listing At NSE, BSE
Niva Bupa Health Insurance IPO Price
Face Value ₹10 Per Share
IPO Price Band ₹70 to ₹74 Per Share
Employee Discount
IPO Issue Type Book Built Issue
Niva Bupa Health Insurance IPO Market Lot For Retail Investor
No. of Shares Per Lot 200 Shares
Minimum Lot Size 1 Lot (200 Shares)
Minimum Amount (Cut-off price) ₹14,800
Maximum Lot Size 13 Lots (2,600 Shares)
Maximum Amount (Cut-off price) ₹1,92,400
Niva Bupa Health Insurance IPO Market Lot For S-HNI
No. of Shares Per Lot 200 Shares
Minimum Lot Size 14 Lots (2800 Shares)
Minimum Amount (Cut-off price) ₹207,200
Maximum Lot Size 67 Lots (13,400 Shares)
Maximum Amount (Cut-off price) ₹991,600
Niva Bupa Health Insurance IPO Market Lot For B-HNI
No. of Shares Per Lot 200 Shares
Minimum Lot Size 68 Lots (13,600 Shares)
Minimum Amount (Cut-off price) ₹1,006,400

IPO Date, Listing Date, Allotment Date

Niva Bupa Health Insurance IPO Time Table (Tentative)
IPO Open Date 7 November 2024
IPO Close Date 11 November 2024
Basis of Allotment Date 12 November 2024
Initiation of Refunds 13 November 2024
Credit of Share to Demat Account 13 November 2024
IPO Listing Date 14 November 2024

Financial Report

Period Ended Assets
(₹ in Crore)
Revenue
(₹ in Crore)
P A T
(₹ in Crore)
Net Worth
(₹ in Crore)
Borrowings
(₹ in Crore)
31 June 2024 6,542.06 1,124.90 -18.82 2,031.77 250.00
31 March 2024 6,191.87 4,118.63 81.85 2,049.59 250.00
31 March 2023 3,876.57 2,859.24 12.54 831.12 250.00
31 March 2022 2,738.44 1,884.54 -196.53 507.65 250.00z
Period Ended 31 June 2024 31 March 2024 31 March 2023 31 March 2022
Assets 6,542.06 6,191.87 3,876.57 2,738.44
Revenue 1,124.90 4,118.63 2,859.24 1,884.54
P A T -18.82 81.85 12.54 -196.53
Net Worth 2,031.77 2,049.59 831.12 507.65
Borrowings 250.00 250.00 250.00 250.00
Amount in ₹ Corre

Company Promotor & Promotor’s Holding

Pre Issue Promotor Holding  
Post Issue Promotor Holding  

Company Address

Niva Bupa Health Insurance Company Limited
C-98, 1st Floor, Lajpat Nagar, Part 1, South Delhi, New Delhi-110024
Phone: +91 1246354900
Email: investor@nivabupa.com
Website: https://www.nivabupa.com/

IPO Registrar, Lead Manager, Prospectus

IPO Prospectus
IPO Registrar
Kfin Technologies Limited
IPO Lead Manager
  • ICICI Securities Limited
  • Morgan Stanley India Company Pvt Ltd
  • Kotak Mahindra Capital Company Limited
  • Axis Capital Limited
  • Hdfc Bank Limited
  • Motilal Oswal Investment Advisors Limited