Niva Bupa Health Insurance Company Limited IPO News: Another popular company’s IPO may hit the primary market soon. We are talking about Niva Bupa Health Insurance Company Limited. Niva Bupa Health Insurance Company Limited through an initial public offering (IPO) of Rs. 3,000 crore has filed preliminary documents (DHRP) with capital markets regulator SEBI. Let us tell you that its earlier name was Max Bupa Health Insurance Company.
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What will the company’s IPO look like?
According to the IPO documents filed with the Securities and Exchange Board of India (SEBI), the proposed initial public offer of Rs. 800 crore worth of fresh shares and Rs. 2,200 crore fall sale offer is included.
Where will the company use this money?
The company raised Rs. 625 crore net proceeds are intended to be used to increase its capital base and strengthen solvency levels. Additionally, a portion of it will be used for general corporate functions.
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Who owns how much stake in the company?
In the offer fall sale, Bupa Singapore Holdings’ Rs. 320 crore shares, Rs. 1880 crore worth of Fatal Tone LLP included. Let us tell you that Bupa Singapore Holdings Limited has 62.27 percent stake in the company. Whereas, Fatal Tone has a share of 27.86 percent.
Who will be the lead manager?
For this IPO, the company has appointed ICICI Securities, Morgan Stanley, Kotak Investment Capital, Axis Capital and HDFC Bank as lead managers.
How good is the company’s financial position?
The total premium of the company in FY 2024 is Rs. 3811.25 crores. Which was Rs 2662.75 crore a year ago. In the last financial year, the company made Rs. 81.85 crore profit was made. Which was Rs.1.25 crore a year ago.