IPO

IPO Synopsis

Niva Bupa Health Insurance Company Ltd
  • Registered Office: C-98 1st Flr Lajpat Nagar,Part 1 South Delhi, New Delhi - 110024, New Delhi, India. Phone : +91 124 635 4900   Fax:
  • Email : investor@nivabupa.com
  • Website :www.nivabupa.com
Initial public offer of 297,297,296^ equity shares of face value of Rs. 10 each ("Equity Shares") of Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) ("Company" or "Issuer") for cash at a price of Rs. 74 per equity share (including a share premium of Rs. 64 per equity share) aggregating to Rs. 2200.00 crores (the "Offer"), comprising a fresh issue of 108,108,108^ equity shares of face value Rs. 10 aggregating to Rs. 800.00 crores by the company ("Fresh Issue") and an offer for sale of 189,189,188^ equity shares of face value Rs. 10 aggregating to Rs. 1400.00 crores ("Offer for Sale") by the selling shareholders (as defined below), comprising an offer for sale of 47,297,297^ equity shares of face value Rs. 10 aggregating to Rs. 350.00 crores by Bupa Singapore Holdings Pte. Ltd and an offer for sale of 141,891,891^ equity shares of face value Rs. 10 aggregating to Rs. 1050.00 crores by Fettle Tone llp (together with Bupa Singapore Holdings Pte. Ltd, "Promoter Selling Shareholders"/ "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares"). The offer price is 7.40 times the face value of the equity shares. The offer constituted 16.27% of the post-offer paid up equity share capital of the company. ^Subject to finalisation of basis of allotment.
Issue
Opens On Closes On
07-Nov-24 11-Nov-24
Money Payable On
Application Allotment
74.00 0.00
Minimum Application for shares in Nos : 200 Further Multiples of : 200
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Axis Capital Ltd
Project Financed through Current Offer (.Cr) 2200.00  
Post Issue Equity Share Capital (.Cr) 1808.23
Issue Price () 74.00
Projects
Augment the Company Capital Base
Promoted By
Bupa Singapore Holdings Pte.Lt
Bupa Investment Overseas Ltd
Fettle Tone LLP
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd