Mumbai: Niva Bupa Health Insurance on Monday acknowledged it has really gotten final authorization from the funding markets regulatory authority, the Securities and Exchange Board of India (SEBI), to extend Rs 3,000 crore through a going public (Stock Launch).
Private fairness (PE) firm True North- led enterprise (erstwhile Max Bupa), had really submitted its Stock Launch paperwork with SEBI on June 29.
According to the enterprise, the Stock Launch with a acknowledged worth of Rs 10 every is a mixture of contemporary issuance of Rs 800 crore and a market (OFS) of roughly Rs 320 crore by Bupa Singapore Holdings, and roughly Rs 1,880 crore by Fettle Tone.
The wellness insurance coverage supplier acknowledged in a declaration that it means to utilize the web income from the contemporary issuance for Rs 625 crore within the course of enhancement of its funding base to strengthen solvency levels and for fundamental firm aims.
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.(* )had a gross straight written prices (GDPI) of
Niva Bupa 5,499.43 crore in monetary 2024.Rs to advertising and marketing analysis firm
According, Redseer market share within the Niva Bupa’s standalone wellness insurance coverage supplier (SAHI) market was 16.24 % for monetary 2024, based mostly upon retail wellness GDPI.
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. Indian is
It’s third greatest and 2nd quickest increasing standalone wellness insurance coverage supplier based mostly upon whole wellness GDPI of India 54.94 billion in FY24, which expanded at a CAGR of 41.37 % from Rs 2022 to 2024.
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.Fiscal monetary 2022 to monetary 2024,
From whole gross written prices (GWP) raised at a compound yearly growth worth (CAGR) of 41.27 %, whereas its retail wellness GWP expanded at a CAGR of 33.41 %.
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.(* )enterprise acknowledged it has really taken on a Niva Bupa’s methodology of their firm and apply fashionable know-how mixture all through each motion of the consumer journey, consisting of consumer onboarding, underwriting, insurance coverage claims and revivals.
The
