look news india
Through the OFS, Bupa Singapore Holdings will sell shares worth ₹350 crore, while Fatal Tone LLP, owned by global private equity firm True North, will sell shares worth ₹1,050 crore. The promoters' stake in the company is 89.07%, which includes 62.19% stake of Bupa Singapore Holdings Pte Ltd and 26.80% stake of Fatal Tone LLP.
Additionally, India Business Excellence Fund IV is the largest shareholder with 2.81% stake. It is followed by V-Sciences Investments PTE (2.60%), SBI Life Insurance Company (1.3%) and A91 Emerging Fund II LLP (1.03%).
use of money
The company will use Rs 800 crore raised from the IPO to increase its capital base.
Allocation and Listing
The company can finalize the allotment of shares by November 12, 2024. Whereas the shares are expected to be deposited in the demat accounts of successful investors by 13 November 2024. Trading of the company's shares can start on BSE and NSE from 14 November 2024.
Book Running Lead Manager and Registrar
ICICI Securities, Morgan Stanley India Company, Kotak Mahindra Capital Company, Axis Capital, HDFC Bank and Motilal Oswal Investment Advisors will be the book running lead managers of the IPO. Whereas Caffeine Technologies is the registrar of this offer.
corporate finance
Based on total health gross direct premium income (GDPI) of ₹5,494.43 crore in FY2024, Niva Bupa Health Insurance is one of the largest standalone health insurance companies (SAHI) in India.
The company reported a net profit of ₹81.85 crore in FY24, up from ₹12.5 crore in the previous fiscal. However, operating profit fell to ₹188 crore from ₹350.9 crore during the same period. The company suffered a loss of ₹18.8 crore in the first quarter of the current financial year, down from a loss of ₹72.2 crore in the same period a year ago. However, its operating profit during the period stood at ₹23.2 crore against an operating loss of ₹13.4 crore.
On the basis of Retail Health GDP, its market share in the Indian Porcupine market in the current financial year 2025 is 17.29%, whereas in the last financial year 2024 it was 16.24%.
