Invest in Niva Bupa

Niva Bupa IPO Details

Niva Bupa Health Insurance Limited is dedicated to ensuring that every Indian has access to quality healthcare. This goal is achieved through its range of health insurance products and services, which support customers on their healthcare journeys by providing a comprehensive healthcare ecosystem. As highlighted in the Redseer Report, Niva Bupa is among India’s largest and fastest-growing standalone health insurance (SAHI) companies, with a gross direct premium income (GDPI) of Rs. 54,944.28 million in Fiscal Year 2024. The company has shown significant growth, with a compound annual growth rate (CAGR) of 41.27% in overall gross written premium (GWP) and 33.41% in retail health GWP from Fiscal Year 2022 to Fiscal Year 2024. Niva Bupa's growth in overall health GDPI during this period—41.37%—is nearly twice the industry’s average growth rate of 21.42%. By Fiscal Year 2024, the company held a 16.24% market share in India’s SAHI sector. Over its 16-year history, Niva Bupa has earned a reputation for innovation, developing products that meet the diverse needs of its customers. The 'Niva Bupa Health' mobile app and website offer a variety of healthcare services, including diagnostics, virtual consultations, annual health check-ups, and educational health content. Backed by the Bupa Group, a global leader in healthcare, Niva Bupa has further solidified its standing in the health insurance industry. As of March 31, 2024, the company insured 14.73 million active lives, with retail health products accounting for 68.47% of its total GWP.
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Niva Bupa Strengths

  • Ranked as the third largest standalone health insurer (SAHI) in India by overall health GDPI in FY24.
  • Recorded a 41.37% CAGR in overall health GDPI between FY22 and FY24.
  • Captured a 16.24% market share in the Indian SAHI sector in FY24.
  • High lifetime value (LTV) products made up 70.72% of new retail health policies.
  • Enhanced its claims ratio to 59.02% in FY24, from 62.12% in FY22.
  • 99.95% of new policies were processed digitally in FY24.
  • 81.50% of cashless claims were settled within 30 minutes in FY24.
  • Increased Assets Under Management to Rs. 54,582.31 million by FY24.

Niva Bupa Weaknesses

  • Misalignment of products with customer needs may lead to a shrinking customer base and reduced profitability.
  • Regulatory reviews by the IRDAI have the potential to damage the company's reputation.
  • Profitability relies heavily on the precise estimation of medical expenses and claims.
  • Dependence on intermediaries for distribution could affect overall business stability.
  • A high concentration in health insurance could pose risks to business performance.
  • Strong relationships with Network Hospitals are essential to providing efficient cashless claims services.
  • The company must adhere to Solvency Ratio and investment allocation requirements to maintain financial health.
  • Cybersecurity threats to IT systems could seriously disrupt operations.

Niva Bupa Revenue & Profit

Revenue
Profit
Loss
All value in ₹ To be announced

10

8

6

4

2

0

Niva Bupa IPO Dates

Open DateTo be announced
Close DateTo be announced
Allotment Date To be announced
Initiation of RefundsTo be announced
Credit of Shares to Demat AccountTo be announced
Listing DateTo be announced

Niva Bupa IPO Lot Size

Minimum Lot SizeTo be announced
Maximum Lot SizeTo be announced

Seize the Opportunity! Apply for Niva Bupa IPO

No AMC Charges
Free Demat Account Opening
Low DP Charges
Zero AMC Charges for First Year
Free Research Advisory
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory

Niva Bupa IPO Subscription Breakup

QIBsTo be announced
Non Institutional InvestorsTo be announced
Retail InvestorsTo be announced

How to Apply for Niva Bupa IPO?

Step 1

First, you need to visit the IPO section on our website.

Step 2

Then, click on the 'IPO Listing' option to view the IPO.

Step 3

Open the Niva Bupa IPO by tapping on it.

Step 4

You will see an option to subscribe that you need to click on.

Step 5

Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.

Step 6

Next, verify your details and select the 'Subscribe' option to complete the bidding.

You have completed your bidding for the Niva Bupa IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.

Niva Bupa IPO FAQs

Niva Bupa IPO: Open Date, Price, Lot Size & Subscription Details