Mumbai: Niva Bupa Health Insurance on Monday stated it has actually gotten last authorization from the funding markets regulatory authority, the Securities and Exchange Board of India (SEBI), to increase Rs 3,000 crore via a going public (IPO).
Private equity (PE) company True North- led business (erstwhile Max Bupa), had actually submitted its IPO documents with SEBI on June 29.
According to the business, the IPO with a stated value of Rs 10 each is a mix of fresh issuance of Rs 800 crore and a market (OFS) of approximately Rs 320 crore by Bupa Singapore Holdings, and approximately Rs 1,880 crore by Fettle Tone.
The wellness insurance provider stated in a declaration that it means to make use of the internet profits from the fresh issuance for Rs 625 crore in the direction of enhancement of its funding base to reinforce solvency degrees and for basic company objectives.
.
.(* )had a gross straight written costs (GDPI) of
Niva Bupa 5,499.43 crore in financial 2024.Rs to marketing research company
According, Redseer market share in the Niva Bupa’s standalone wellness insurance provider (SAHI) market was 16.24 percent for financial 2024, based upon retail wellness GDPI.
.
. Indian is
It’s third biggest and 2nd fastest expanding standalone wellness insurance provider based upon total wellness GDPI of India 54.94 billion in FY24, which expanded at a CAGR of 41.37 percent from Rs 2022 to 2024.
.
.Fiscal financial 2022 to financial 2024,
From total gross written costs (GWP) raised at a compound yearly development price (CAGR) of 41.27 percent, while its retail wellness GWP expanded at a CAGR of 33.41 percent.
.
.(* )business stated it has actually taken on a Niva Bupa’s method in their company and apply modern technology combination throughout every action of the client trip, consisting of client onboarding, underwriting, insurance claims and revivals.
The
