Last month Niva Bupa filed DRHP for a Rs 3k crore listing.
This will be the second health insurer to list in the country..!!
As on date, there is just one health insurance company which is listed on the bourses.
-> It is Mr. Rakesh Jhunjhunwala-backed Star Health
-> Due to this, Star Health also gets to command a premium, as mass investors don’t have any options to take a bet on in this niche but fast-growing space
With Niva Bupa’s listing, that status will change.
And it will make this niche a much healthier segment to invest in..
Two companies of a sector are not enough…
What is needed is many more. But my guess that will take much longer.
Anyhow, Niva Bupa’s listing will be majorly about an OFS of Rs 2.2k crore.
In terms of fresh capital raise for the company, that will be just about Rs 800cr.
The thing is that UK-based Bupa has held a significant shareholding for long, and thus wants to take some proceeds home. So it plans to sell a part of its stake.
