Niva Bupa Health Insurance Set To Launch 3,000 Crore Initial Public Offering; Check For More Details|Representative Image
Niva Bupa Health Insurance Limited, beforehand known as Max Bupa, has really currently obtained the thumbs-up from {the marketplace} regulatory authority Securities and Exchange Board of India (SEBI) to extend Rs 3,000 crore through its upcoming going public (Initial Public Offering).
Breakdown of the Initial Public Offering
The Initial Public Offering is structured as a mixture of contemporary concern and a promote.
The contemporary concern half will definitely improve Rs 800 crore, whereas the market will definitely symbolize Rs 2,200 crore, withBupa Singapore Holdings Pte Ltd providing Rs 320 crore and Fettle Tone LLP providing Rs 1,880 crore.
Furthermore, the enterprise intends to utilize Rs 625 crore from the contemporary issuance to enhance its assets books and reinforce solvency levels.
Image made use of for representational operate simply|File
The the book-running lead supervisors of most people concern will definitely 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 definitely be KFinTechnologies Limited
Market setting
With a Gross Direct Written Premium (GDPI) of Rs 5,499.43 crore in monetary 2024, the enterprise at present holds a 16.24 p.c market share within the SAHI part, based on a document byRedseer
Financial Highlights
Niva Bupa’s complete Gross Written Premium (GWP) expanded at a compound yearly growth worth (CAGR) of 41.27 p.c, significantly exceeding the market’s typical growth of 21.42 p.c. Its retail wellness part, significantly, elevated at a CAGR of 33.41 p.c.
