Niva Bupa Health Insurance Set To Launch 3,000 Crore IPO; Check For More Details

Niva Bupa Health Insurance Limited, previously referred to as Max Bupa, has actually lately obtained the thumbs-up from the marketplace regulatory authority Securities and Exchange Board of India (SEBI) to increase Rs 3,000 crore via its upcoming going public (IPO).

Breakdown of the IPO

The IPO is structured as a mix of fresh concern and a sell.

The fresh concern part will certainly increase Rs 800 crore, while the market will certainly represent Rs 2,200 crore, withBupa Singapore Holdings Pte Ltd offering Rs 320 crore and Fettle Tone LLP offering Rs 1,880 crore.

Furthermore, the business intends to make use of Rs 625 crore from the fresh issuance to improve its resources books and reinforce solvency degrees.

Image made use of for representational function just|File

The the book-running lead supervisors of the general public concern will certainly be ICICI Securities Limited, Morgan Stanley India Company Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, HDFC Bank Limited and Motilal Oswal Investment Advisors Limited and the registrar of the deal will certainly be KFinTechnologies Limited

Market setting

With a Gross Direct Written Premium (GDPI) of Rs 5,499.43 crore in financial 2024, the business currently holds a 16.24 percent market share in the SAHI section, according to a record byRedseer

Financial Highlights

Niva Bupa’s total Gross Written Premium (GWP) expanded at a compound yearly development price (CAGR) of 41.27 percent, considerably exceeding the market’s typical development of 21.42 percent. Its retail wellness section, particularly, increased at a CAGR of 33.41 percent.