Niva Bupa Health Insurance Company

Incorporated in 2008, Niva Bupa Health Insurance Company Limited is a joint venture between the Bupa Group and Fettle Tone LLP that provides insurance in the health sector.

The company offers a holistic proposition by providing customers access to a comprehensive health ecosystem and service capabilities through its Niva Bupa Health mobile application and website.

The company’s products are broadly categorized into
  1. Retail products designed for individuals and families.
  2. Group products intended for employers and employees,

As of March 31 2024, the company had 14.73 million active lives insured.

As of March 31, 2024, the company is present across 22 states and four union territories in India.

From Fiscal Year 2022 to Fiscal Year 2024, the overall GWP grew at a CAGR of 41.27%, while GWP from retail health increased by 33.41%.

As of March 31, 2024, the telemarketing sales team has 410 employees. It uses machine learning lead scoring, product recommendations, and a real-time CRM dashboard to engage customers and drive conversions.

Competitive Strength:

  • Diverse product range to suit customer’s needs.
  • An automated approach to customer service driven by technology.
  • Bupa parentage and brand associated with health insurance and healthcare
  • The company’s expertise and experience in claims and provider management.
As of March 31, 2024, the company’s technology function had 126 employees who focused on developing digital assets, software, and mobile applications.
 

Niva Bupa Health Insurance Company Limited Financial Information (Restated)

Niva Bupa Health Insurance Company Limited’s revenue increased by 44.05% and profit after tax (PAT) rose by 552.73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets6,542.066,191.873,876.572,738.44
Revenue1,124.904,118.632,859.241,884.54
Profit After Tax-18.8281.8512.54-196.53
Net Worth2,031.772,049.59831.12507.65
Reserves and Surplus1,282.441,282.02334.26125.40
Total Borrowing250.00250.00250.00250.00
Amount in ₹ Crore

Key Performance Indicator

KPIValues
Debt/Equity0.12
RoNW-0.92

Objects of the Issue (Niva Bupa Health Insurance IPO Objectives)

The company proposes to utilise the Net Proceeds towards the following objects:
  1. Augmentation of its capital base to strengthen solvency levels and
  2. General corporate purposes

Niva Bupa Health Insurance IPO Details

IPO DateNovember 7, 2024 to November 11, 2024
Listing Date[.]
Face Value₹10 per share
Price[.] to [.] per share
Lot Size 
Total Issue Size[.] shares
(aggregating up to ₹2,200.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹800.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹1,400.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue1,700,122,985

Niva Bupa Health Insurance Promoter Holding

The company promoter is Bupa Singapore Holdings Pte. Ltd and Bupa Investments Overseas Limited.

Share Holding Pre Issue62.27%
Share Holding Post Issue 

SHARIAH SCREENING for - Niva Bupa Health Insurance Company Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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