Niva Bupa Health IPO Details: Niva Bupa Health Insurance, formerly recognized as Max Bupa Health Insurance, is poised for its maiden entry into the primary market through an Initial Public Offering (IPO) route. Niva Bupa currently stands as the third-largest standalone health insurance (SAHI) and the ninth-largest overall health insurance provider in India, as reported by ET citing banking sources.
Read More: Jyoti CNC Automation Shares List At 12.39% Premium; Buy, Sell or Hold?
Niva Bupa Health IPO Details
The maiden share sale size is estimated to be around Rs 3,000 crore. The IPO is likely to include both fresh issuances and an offer for sale (OFS).
The company, a collaborative venture between the UK-based Bupa and the domestic private equity firm True North, has enlisted the services of investment banking entities including Kotak Mahindra Capital, ICICI Securities, and Morgan Stanley to oversee the forthcoming public issue, ET reported.
Read More: LIC hits 52-week high; stock has risen over 25% in a year
Presently, Bupa holds a 63 per cent stake, while True North owns 28 per cent, with the remaining 7 per cent held by other financial investors and 2 per cent by employees. In the retail health segment, the insurance firm holds the position of the third-largest overall and the second-largest among SAHIs.
Read More: EPACK Durable IPO to open on January 19, check price band and other details
The IPO and deal-making activities are likely to be brisk this year and may even surpass the record set in 2021 with around USD 50 billion funds being raised across equity issuances and deals, according to Kotak Investment Banking report.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
