Niva Bupa Health Insurance Company expects to file DRHP papers for the IPO. The company deals in providing health insurance to different segments of the economy. Niva Bupa Health Insurance will most probably file DRHP papers by the May end or June beginning. According to the details, Niva Bura Health will be raising an IPO worth Rs. 3,000 Crores. The investors have been looking for an opportunity to invest in the health insurance company Niva Bupa for a long time.
Niva Bupa Health Insurance Company will file DRHP papers for IPO soon. The expectations are at the end of May or the first week of June. Niva Bupa will offer both fresh equity shares and offers for sale. The company will be dividing both fresh equity shares and OFS to the public. The fresh equity shares will be between Rs. 600-800 crores. While the Offer for Sale will be between Rs. 2,200-2,400 crores.
There are very few health insurance companies that are public. Go Digit is the first one while Niva Bupa is the second one. True North is among the major stockholder in the company with 28% of the shares in its name. While 63% is with Bupa Singapore. True North also sold a crucial part of its stake last year. The company is looking for further expansion in the industry. Health insurance has become a crucial part of the middle-class economy people. It helps in assuring the treatment.
The insurance company was founded in the year 2008. The company is a joint venture of Max India and Bupa. Thus, it is named Niva Bupa. The company also provides insurance services through their websites. Niva Bupa has good profitability. The company expects to turn profitable soon. There are not many details about the current profitability of the company at the moment.
However, Niva Bupa will release the important documents and details for the IPO through its DRHP. Thus, all the investors are awaiting its IPO. We will know that the need for health sector insurance is going to increase only. Thus, the company plans to raise Rs. 3,000 crores from the IPO. Niva Bupa DRHP filing can take place in the coming week. We will provide updates about its DRHP filing soon. The company has its annual reports published on its official website. Investors can also have a check on that before investing.