Niva Bupa Health Insurance
MainboardInsurance
65/100
AEX AI Score
+₹6
Grey Market
Price Band
₹74–78
Issue Size
₹2,200 Cr
Lot Size
192 shares
Min Investment
₹14,976
Open Date
7 Nov 2024
Close Date
11 Nov 2024
Listing Date
14 Nov 2024
Registrar
Link Intime India
Subscription Status
2.34x
QIB
1.12x
NII/HNI
1.45x
Retail
1.87x
Overall
Listing Performance
Issue Price
₹78
Listing Price
₹84.0
Listing Gain
+7.7%
Company Financials (FY24)
Revenue
₹5,124 Cr
PAT
₹-129 Cr
PAT Margin
-2.5%
ROE
-4.2%
About the Company
India's fastest growing standalone health insurer with strong brand. Loss-making at current scale, banking on market expansion. Expensive valuations compared to listed peers. Long-term story intact but short-term listing gains may be muted.
IPO Objectives
- 1.Funding capital expenditure for expansion of operations
- 2.Repayment or prepayment of certain borrowings availed
- 3.Funding working capital requirements of the company
- 4.General corporate purposes including inorganic growth
AEX AI — IPO Analysis
Cautious
Strengths
+Strong brand presence and market leadership
+Healthy revenue growth trajectory
+Diversified customer base with low concentration risk
Risks
–Elevated valuation vs sector peers
–Profitability improving but not stable yet
–Competitive intensity increasing
Lead Managers
Morgan Stanley
Axis Capital
ICICI Securities
IPO Timeline
IPO Open
7 NovIPO Close
11 NovAllotment Date
12 NovListing on NSE/BSE
14 Nov