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Niva Bupa Health Insurance Company Limited
NIVABUPA·₹70 – ₹74·Opens 2024-11-07
Price Band: ₹70 – ₹74
Min. Investment: ₹14,800
Issue Size: 2200cr
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About the Company
What does this company do?
Niva Bupa Health Insurance Company Limited is one of India’s largest and fastest-growing health insurers, with a notable overall health GDPI of ₹54,944.28 million in Fiscal 2024. Over the past two years, its growth has significantly outpaced the industry average, with a CAGR of 41.37% in health gross direct premium inc…
IPO Details
Issue parameters, key dates and structure.
Key Risks
Material risk factors to consider before applying.
◆ Neutral
Should You Apply?
Niva Bupa Health Insurance Company Limited is one of India’s largest and fastest-growing health insurers, with a notable overall health GDPI of ₹54,944.28 million in Fiscal 2024. Over the past two years, its growth has significantly outpaced the industry average, with a CAGR of 41.37% in health gross direct premium income (GDPI). Leveraging its ‘Niva Bupa Health’ mobile app and website, the company provides a comprehensive health ecosystem, including diagnostics, digital consultations, and policy management. It is backed by the Bupa Group, giving it access to international expertise. The company employs a data-driven Lifetime value (LTV)-based approach to customer management and maintains a diversified distribution network, including direct sales and intermediaries. It also emphasizes digital integration and has a high claims settlement ratio, with a substantial network of hospitals. The company has shown impressive growth in its Gross Written Premium (GWP) and maintains a focus on customer satisfaction and retention through extensive service and technology integration. Discuss on Trading Q&A
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IPO Timeline
Key milestones from opening to listing.
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Issue open date
2024-11-07
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Issue close date
2024-11-11
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UPI mandate deadline
2024-11-11
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Allotment finalization
2024-11-12
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Refund initiation
2024-11-13
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Share credit
2024-11-13
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Listing date
2024-11-14