Niva Bupa IPO 2024: Key Dates, Price Band, and Growth Potential

Niva Bupa Health Insurance Company Limited is all set to go public with its IPO, scheduled from November 7th to 11th, 2024. Let’s delve deeper into this upcoming IPO to understand its potential.

Company Overview

Niva Bupa is a prominent player in India’s health insurance sector, known for its innovative products and customer-centric approach. The company has been steadily growing its market share, particularly in the retail health insurance segment.

IPO Details

Parameter	Value
IPO Dates	November 7th to 11th, 2024
Face Value	₹10 per share
Price Band	₹70 to ₹74 per share
Lot Size	200 Shares
Total Issue Size	₹2,200 Cr.
Listing Exchange	BSE, NSE

IPO Objectives

The proceeds from the IPO will be utilized to:

Strengthen Financial Position: Comply with regulatory solvency requirements.

Expand Operations: Invest in growth initiatives and explore new market opportunities.

Enhance Digital Capabilities: Upgrade technology infrastructure and improve customer experience.

Market Expansion: Increase brand visibility and customer acquisition, especially in tier 2 and 3 cities.

Key Strengths of Niva Bupa

Strong Market Position: A leading player in the health insurance sector.

Innovative Products: Offers unique and customer-centric health insurance solutions.

Digital Focus: Leverages technology to enhance customer experience.

Experienced Management Team: A seasoned team with a proven track record

Growth Potential: The Indian health insurance market is growing rapidly.

Potential Risks

Intense Competition: The health insurance industry is highly competitive.

Regulatory Risks: Changes in government regulations could impact the company’s operations.

Economic Downturns: Economic downturns can adversely affect consumer spending.

Financial Performance in crores

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,232.621	2,091.894	1,782.01
Revenue	328.725	413.066	90.479
Profit/ Loss After Tax	81.852	12.54	(196.525)

Should You Invest?

The decision to invest in the Niva Bupa IPO depends on your individual investment goals and risk tolerance. While the company has a strong market position and growth potential, it’s crucial to consider the potential risks and conduct thorough due diligence before making an investment decision.