Niva Bupa Health Insurance IPO Next Week: Date, Price, Key Financials, Peer Comparison. All details

Niva Bupa Healthcare’s initial public offering (IPO) will open for subscription on November 6, 2024 and close on November 8, 2024. The IPO includes a fresh issue of ₹800 crore and an offer for sale (OFS) of ₹1,400 crore, totaling ₹2,200 crore.

The price range for the IPO will be revealed shortly. Investors can expect listing on BSE and NSE on November 13, 2024, with completion of allotment on November 11, 2024 and redemption by November 12, 2024.

Under the OFS, Bupa Singapore Holdings and Fettle Tone will partially sell their stakes. Net proceeds from the new issue are intended to increase the company’s capital base, increase solvency indicators and cover general corporate expenses.

Niva Bupa is India’s third largest standalone health insurance company (SAHI) and second fastest growing with gross direct income insured (GDPI) of ₹5,494 crore in FY2024. This represents a compound annual growth rate (CAGR) of 41.37% from FY22 to FY24, which is almost double the industry average growth rate of 21.42%. The company’s gross retail premium (GWP) grew at a CAGR of 33.41% over the same period.

The company uses machine learning and logistic regression models to effectively combat insurance fraud. These technologies have increased fraud detection and minimized referrals for investigation, reducing the impact on customer service.

Financially, Niva Bupa reported revenue of Rs 328.73 crore in 2024, up from Rs 413.07 crore in 2023. However, profit after tax rose significantly to Rs 81.85 crore in 2024 from Rs 12.54 crore in the previous year. The company’s assets also increased to Rs 3,232.62 crore in 2024.

Comparison of peer groups
In a competitive environment, Niva Bupa faces peers such as Star Health & Allied Insurance, which has an EPS of ₹14.48, a P/E ratio of 36.97 and a RoNW of 14.35%. ICICI Lombard General Insurance stands out with EPS of ₹39.03, higher PE ratio of 45.92 and RoNW of 17.17%. New India Assurance has an EPS of ₹6.77, a PE ratio of 35.23 and a RoNW of 5.13%.

</p> <h2>Niva Bupa Healthcare IPO details</h2> <table border="1" cellpadding="5" cellspacing="0"> <tbody> <tr> <th>Event</th> <th>Date/Details</th> </tr> <tr> <td>IPO opening date</td> <td>November 6, 2024</td> </tr> <tr> <td>IPO Completion Date</td> <td>November 8, 2024</td> </tr> <tr> <td>Basis of allotment</td> <td>November 11, 2024</td> </tr> <tr> <td>Reimbursement has been initiated</td> <td>November 12, 2024</td> </tr> <tr> <td>Credit to Demat accounts</td> <td>November 12, 2024</td> </tr> <tr> <td>The date of the IPO</td> <td>November 13, 2024</td> </tr> <tr> <td>The amount of the new issue</td> <td>₹800 crore</td> </tr> <tr> <td>Offer for Sale (OFS)</td> <td>₹1,400 crore</td> </tr> <tr> <td>Total issue size</td> <td>₹2,200 crore</td> </tr> <tr> <td>IPO listing</td> <td>BSE & NSE</td> </tr> </tbody> </table> <h2>Financial indicators</h2> <table border="1" cellpadding="5" cellspacing="0"> <tbody> <tr> <th>year</th> <th>Revenue (₹ Crore)</th> <th>Expenditure (₹ Crore)</th> <th>Profit after tax (₹ crore)</th> <th>Assets (₹ Crore)</th> </tr> <tr> <td>2022 year</td> <td>90.48</td> <td>287.01</td> <td>196.53</td> <td>1782.01</td> </tr> <tr> <td>2023 year</td> <td>413.07</td> <td>400.53</td> <td>12.54</td> <td>2091.89</td> </tr> <tr> <td>2024 year</td> <td>328.73</td> <td>246.87</td> <td>81.85</td> <td>3232.62</td> </tr> </tbody> </table> <h2>Key Growth Indicators (FY22-24)</h2> <table border="1" cellpadding="5" cellspacing="0"> <tbody> <tr> <th>Metrics</th> <th>Value</th> </tr> <tr> <td>Overall GDPI CAGR</td> <td>41.37%</td> </tr> <tr> <td>Retail Health GWP CAGR</td> <td>33.41%</td> </tr> <tr> <td>Average growth rates in the industry</td> <td>21.42%</td> </tr> </tbody> </table> <h2>Comparison of peer groups</h2> <table border="1" cellpadding="5" cellspacing="0"> <tbody> <tr> <th>Company</th> <th>EPS</th> <th>PE ratio</th> <th>RoNW %</th> <th>NAV (₹)</th> <th>Revenue (₹ Crore)</th> </tr> <tr> <td>Star Health & Allied Insurance</td> <td>14.48</td> <td>36.97</td> <td>14.35</td> <td>108.35</td> <td>8450.10</td> </tr> <tr> <td>ICICI Lombard General Insurance</td> <td>39.03</td> <td>45.92</td> <td>17.17</td> <td>242.75</td> <td>19,185.90</td> </tr> <tr> <td>New India Assurance</td> <td>6.77</td> <td>35.23</td> <td>5.13</td> <td>132.55</td> <td>10,911.20</td> </tr> </tbody> </table> <p>As of March 2024, Niva Bupa has an extensive distribution network comprising 143,074 agents and 210 branches in 22 states and four union territories. The company also works with 64 banks and corporate agents, including HDFC Bank and Axis Bank.</p> <p>Lead managers for the IPO include ICICI Securities, Morgan Stanley India, Kotak Mahindra Capital, Axis Capital, HDFC Bank and Motilal Oswal Investment Advisors, with KFin Technologies acting as Registrar.</p> </div> <p><i>Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. 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