APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Niva Bupa Health Insurance / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/niva-bupa-health-insurance" target="_blank" data-smartkarma-citation="entities:43716:1" rel="noopener">Niva Bupa Health Insurance (1226871D IN)</a> raised around US$260m in its India IPO.</li>
<li>Niva Bupa Health Insurance (Niva Bupa) is a health insurance firm. Its portfolio consists of health (including retail and group), personal accident, and travel insurance.</li>
<li>We have looked at the company’s past performance and valuations in our earlier notes. In this note, we talk about the trading dynamics.</li>
</ul>



Niva Bupa Health Insurance (1226871D IN) raised around US$260m in its India IPO.
Niva Bupa Health Insurance (Niva Bupa) is a health insurance firm. Its portfolio consists of health (including retail and group), personal accident, and travel insurance.
We have looked at the company’s past performance and valuations in our earlier notes. In this note, we talk about the trading dynamics.


Niva Bupa Health Insurance IPO Trading - Demand Lagged Recent Listings

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Equity Bottom-Up

Niva Bupa Health Insurance / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/niva-bupa-health-insurance" target="_blank" data-smartkarma-citation="entities:43716:1" rel="noopener">Niva Bupa Health Insurance (1226871D IN)</a> is one of India’s largest and fastest growing Standalone Health Insurers raising 800Cr for augmentation of its capital base to strengthen solvency levels.</li>
<li>97% of revenue is coming from Health Insurance and with parentage like Bupa, the company is expanding more through an increased retailer base.</li>
<li>One of the most digital insurers, their 99.95% of policies to be issued online, with over 50% processed automatically without human intervention.</li>
</ul>



Niva Bupa Health Insurance (1226871D IN) is one of India’s largest and fastest growing Standalone Health Insurers raising 800Cr for augmentation of its capital base to strengthen solvency levels.
97% of revenue is coming from Health Insurance and with parentage like Bupa, the company is expanding more through an increased retailer base.
One of the most digital insurers, their 99.95% of policies to be issued online, with over 50% processed automatically without human intervention.


Niva Bupa Health Insurance Company Limited IPO Analysis

<ul>
<li>
<a href="https://www.smartkarma.com/entities/niva-bupa-health-insurance" target="_blank" data-smartkarma-citation="entities:43716:1" rel="noopener">Niva Bupa Health Insurance (1226871D IN)</a> is looking to raise up to US$260m in its India IPO.</li>
<li>Niva Bupa Health Insurance (Niva Bupa) is a health insurance firm. Its portfolio consists of health (including retail and group), personal accident, and travel insurance.</li>
<li>In this note, we look at the RHP updates, undertake a peer comparison, and discuss our thoughts on valuation.</li>
</ul>



Niva Bupa Health Insurance (1226871D IN) is looking to raise up to US$260m in its India IPO.
Niva Bupa Health Insurance (Niva Bupa) is a health insurance firm. Its portfolio consists of health (including retail and group), personal accident, and travel insurance.
In this note, we look at the RHP updates, undertake a peer comparison, and discuss our thoughts on valuation.


Niva Bupa Health Insurance IPO - Has Grown Rapidly but Looks Expensive

<ul>
<li>
<a href="https://www.smartkarma.com/entities/niva-bupa-health-insurance" target="_blank" data-smartkarma-citation="entities:43716:1" rel="noopener">Niva Bupa Health Insurance (1226871D IN)</a> is looking to raise US$360m from its upcoming India IPO. The IPO will consist of both primary and secondary shares.</li>
<li>Niva Bupa Health Insurance (Niva Bupa) is a health insurance firm. Its portfolio consists of health (including retail and group), personal accident, and travel insurance.</li>
<li>In this note, we look at the firm’s past performance.</li>
</ul>



Niva Bupa Health Insurance (1226871D IN) is looking to raise US$360m from its upcoming India IPO. The IPO will consist of both primary and secondary shares.
Niva Bupa Health Insurance (Niva Bupa) is a health insurance firm. Its portfolio consists of health (including retail and group), personal accident, and travel insurance.
In this note, we look at the firm’s past performance.


Niva Bupa Health Insurance Pre-IPO - Strong GWP Growth, However Some Risks Remain

<ul>
<li>
<a href="https://www.smartkarma.com/entities/niva-bupa-health-insurance" target="_blank" data-smartkarma-citation="entities:43716:1" rel="noopener">Niva Bupa Health Insurance (1226871D IN)</a> is looking to raise US$360m in its upcoming India IPO. The bookrunners on the deal are MS, Kotak, Axis, ICICI, HDFC, and Motilal Oswal.</li>
<li>Niva Bupa Health Insurance (Niva Bupa) is a health insurance firm. Its portfolio consists of health (including retail and group), personal accident, and travel insurance.</li>
<li>As per Redseer, the firm was one of India’s largest and fastest growing standalone health insurers (SAHI) based on overall health gross direct premium income (GDPI) in FY24. </li>
</ul>



Niva Bupa Health Insurance (1226871D IN) is looking to raise US$360m in its upcoming India IPO. The bookrunners on the deal are MS, Kotak, Axis, ICICI, HDFC, and Motilal Oswal.
Niva Bupa Health Insurance (Niva Bupa) is a health insurance firm. Its portfolio consists of health (including retail and group), personal accident, and travel insurance.
As per Redseer, the firm was one of India’s largest and fastest growing standalone health insurers (SAHI) based on overall health gross direct premium income (GDPI) in FY24. 


Niva Bupa Health Insurance Pre-IPO Tearsheet

India

Niva Bupa Health Insurance Company Limited operates as an insurance company. The Company offers a wide range of health and life, travel, and corporate insurance plans to individuals and organizations. Max Bupa Health Insurance serves customers in India.

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Niva Bupa Health Insurance (1226871D IN)

Niva Bupa Health Insurance IPO Trading - Demand Lagged Recent Listings

Niva Bupa Health Insurance (1226871D IN) raised around US$260m in its India IPO. In this note, we talk about the trading dynamics.

Clarence Chu

Niva Bupa Health Insurance Company Limited IPO Analysis

Niva Bupa Health Insurance is a rapidly growing insurer in India, raising funds to strengthen solvency levels and expanding through digital...

Nimish Maheshwari

Niva Bupa Health Insurance IPO - Has Grown Rapidly but Looks Expensive

Niva Bupa Health Insurance (1226871D IN) is looking to raise US$260m in its India IPO. In this note, we look at the RHP updates, undertake a peer...

Clarence Chu

Niva Bupa Health Insurance Pre-IPO - Strong GWP Growth, However Some Risks Remain

Niva Bupa Health Insurance (1226871D IN) is looking to raise US$360m from its upcoming India IPO. In this note, we look at the firm’s past...

Clarence Chu

Niva Bupa Health Insurance Pre-IPO Tearsheet

Niva Bupa Health Insurance (1226871D IN) is looking to raise US$360m in its upcoming India IPO. The bookrunners on the deal are MS, Kotak, Axis,...

Clarence Chu

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Niva Bupa Health Insurance IPO Trading - Demand Lagged Recent Listings

Niva Bupa Health Insurance (1226871D IN) raised around US$260m in its India IPO. In this note, we talk about the trading dynamics.

Clarence Chu

Niva Bupa Health Insurance Company Limited IPO Analysis

​Niva Bupa Health Insurance is a rapidly growing insurer in India, raising funds to strengthen solvency levels and expanding through digital...

Nimish Maheshwari

Niva Bupa Health Insurance IPO - Has Grown Rapidly but Looks Expensive

Niva Bupa Health Insurance (1226871D IN) is looking to raise US$260m in its India IPO. In this note, we look at the RHP updates, undertake a peer...

Clarence Chu

Niva Bupa Health Insurance Pre-IPO - Strong GWP Growth, However Some Risks Remain

Niva Bupa Health Insurance (1226871D IN) is looking to raise US$360m from its upcoming India IPO. In this note, we look at the firm’s past...

Clarence Chu

Niva Bupa Health Insurance Pre-IPO Tearsheet

Niva Bupa Health Insurance (1226871D IN) is looking to raise US$360m in its upcoming India IPO. The bookrunners on the deal are MS, Kotak, Axis,...

Clarence Chu

Niva Bupa Health Insurance is a rapidly growing insurer in India, raising funds to strengthen solvency levels and expanding through digital...