Management Exclusive | Niva Bupa Health Insurance IPO Opens Nov 7, Price Band ₹70-74

The initial public offering (IPO) of Niva Bupa Health Insurance Company shall open for bidding on Thursday, November 7, which can be subscribed until Monday, November 11. Interested investors can apply for the issue in the fixed price band of Rs 70-74 apiece, for a minimum of 200 equity shares and its multiples thereafter. Incorporated in 2008, Niva Bupa Health Insurance Company is a joint venture between the Bupa Group and Fettle Tone LLP that provides insurance in the health sector. It offers a holistic proposition by providing customers access to a comprehensive health ecosystem and service capabilities through its Niva Bupa Health mobile application and website. The IPO of Niva Bupa Health Insurance Company includes a fresh share sale of Rs 800 crore and an offer-for-sale (OFS) of up to 1,400 crore by its promoter entities amounting to Rs 1,400 crore. The company is looking to raise Rs 2,200 crore via its IPO. Watch exclusive conversation with Krishnan Ramachandran, MD & CEO of Niva Bupa Health Insurance Co. Ltd, and Vishwanath Mahendra, CFO of Niva Bupa Health Insurance Co. Ltd, discussing the IPO and future growth plans.