Niva Bupa Health Insurance Company Limited IPO
Company Overview Incorporated in 2008, Niva Bupa Health Insurance Company Limited is a joint venture between the Bupa Group and Fettle Tone LLP, providing a wide range of health insurance solutions. Comprehensive Health Ecosystem: Niva Bupa offers an integrated health insurance experience through its Niva Bupa Health mobile app and website, ensuring seamless customer service and support.
Product Categories:
Retail Products: For individuals and families.
Group Products: Tailored for employers and employees.
Insured Lives: As of March 31, 2024, the company insured 14.73 million active lives.
Geographical Presence: Operating in 22 states and 4 union territories across India.
Competitive Strengths
Diverse Product Range: Offers health insurance solutions for both retail and group clients, catering to a wide variety of customer needs.
Technology-Driven Service: Automated customer service with advanced machine learning and CRM systems.
Bupa Group Parentage: Strong brand recognition and expertise in the healthcare and insurance sectors.
Claims and Provider Management: Extensive experience in managing health insurance claims and provider networks.
Objects of the Issue
Strengthening Solvency: Augmenting its capital base to boost solvency levels.
General Corporate Purposes: Funds will also be used for general business needs.
Niva Bupa Health Insurance IPO Details
IPO Dates: 7th to 11th Nov 2024
Price Band: ₹70 - ₹74 per share
Lot Size: 200 Shares
Total Issue Size: ₹2,200 Cr
Allotment Date: 12th Nov 2024
Listing Date: 14th Nov 2024
GMP: Nil (For information purposes only)
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