The Niva Bupa Health Insurance IPO, one of the upcoming IPOs, is set to open for subscription on November 7, 2024, and will close on November 11, 2024. This book-built issue is valued at ₹2,200.00 crores and consists of a fresh issue of 10.81 crore shares, raising ₹800.00 crores, alongside an offer for sale of 18.92 crore shares totalling ₹1,400.00 crores.
The price band for the Niva Bupa Health Insurance IPO is established at ₹70 to ₹74 per share, with a minimum lot size of 200 shares. Retail investors will need to invest a minimum of ₹14,800.
Before deciding to subscribe to the Niva Bupa IPO, it’s crucial to examine the company’s key financial results to better understand its performance and growth potential in the health insurance sector.
| Particulars | Three months ended June 30, 2024 | Three months ended June 30, 2023 | FY 2024 | FY 2023 | FY 2022 |
| Net Worth (₹ in million) | 20,317.72 | 9,578.17 | 20,495.90 | 8,311.23 | 5,076.45 |
| Total Income (₹ in million) | 11,248.99 | 8,061.68 | 41,186.31 | 28,592.35 | 18,845.42 |
| Profit After Tax (₹ in million) | (188.21) | (721.98) | 818.52 | 125.40 | (1,965.25) |
| Net Asset Value per Equity Share (₹) | 11.95 | 6.19 | 12.06 | 5.50 | 3.60 |
| Assets Under Management (₹ in million) | 56,744.43 | 37,375.54 | 54,582.31 | 33,660.95 | 24,013.15 |
| Borrowings (₹ in million) | 2,500.00 | 2,500.00 | 2,500.00 | 2,500.00 | 2,500.00 |
Niva Bupa Health Insurance Company works with the purpose of “giving every Indian the confidence to access the best healthcare”. The company aims to achieve this purpose through their health insurance products and services that enable their customers to navigate their healthcare journey, by providing them access to a holistic health ecosystem.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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