Niva Bupa Health Insurance Company Limited is set to launch its Initial Public Offering (IPO) on November 7, 2024. This IPO is anticipated to raise a total of ₹2,200 crore and has already generated interest among investors. The price band for each share has been set between ₹70 and ₹74, giving investors a clear idea of the expected value range.
Niva Bupa Health Insurance is a leading private health insurer in India, formed through a partnership between the Bupa Group, a well-known global healthcare company, and Fettle Tone LLP, an Indian healthcare firm. The company offers a variety of health insurance products, including policies for individuals, families, senior citizens, and businesses. Known for its reliability, Niva Bupa has built a strong reputation in the Indian health insurance market, catering to millions who seek affordable healthcare coverage.
Key Details of the IPO
For those considering investing, here are the main details of the IPO:
- Price Band: ₹70 to ₹74 per share
- IPO Size: ₹2,200 crore, of which ₹800 crore will go towards issuing fresh shares, while the remaining ₹1,400 crore is set aside for the Offer for Sale (OFS) route.
- Face Value: ₹10 per share
- Lot Size: 200 shares per lot, meaning the minimum investment amount is ₹14,800.
- Anchor Investor Allotment Date: November 6, 2024
- Subscription Dates: November 7 to November 11, 2024
- Allotment Date: Expected on November 12, 2024
- Refund Date: November 13, 2024
- Listing Date: Shares are likely to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 14, 2024.
Investors can apply for the Niva Bupa Health Insurance IPO through their bank accounts, brokerages, or online trading platforms. The minimum investment required is ₹14,800, which covers one lot of 200 shares. Investors need to carefully consider the price band and the lot size before making their application.
Currently, the grey market premium (GMP) for Niva Bupa Health Insurance shares is neutral, with shares available at par. This means that the market has not yet assigned a significant premium, reflecting a wait-and-watch approach by early traders.
For those interested in India’s health insurance sector, the Niva Bupa Health Insurance IPO presents a potentially strong investment opportunity. With a well-regarded brand and a growing market, the company appears to have good prospects. However, investors should assess their financial goals, consult with their advisors, and consider any market risks before investing.
Niva Bupa Health Insurance has long been a trusted brand in health insurance, and this IPO offers investors a chance to invest in a sector with a bright future. The company’s solid financial performance, experienced leadership, and market reputation contribute to its appeal. However, as with any investment, potential investors are encouraged to evaluate the risks and consult with financial advisor
