Niva Bupa Makes Waves with Successful IPO Bid
Deal News | Nov 14, 2024 | White & Case
Global law firm White & Case LLP has played a pivotal role in the initial public offering (IPO) of Niva Bupa Health Insurance Company Limited, a major standalone retail health insurance provider in India. Niva Bupa, a venture between Bupa Group and Fettle Tone, achieved remarkable success with its IPO by being oversubscribed 1.17 times, indicating robust interest from investors. White & Case, with its extensive international team, advised the book running lead managers for the IPO, reflecting the continuing growth and value realization opportunities within the Indian markets. This IPO marks another successful transaction for White & Case in showcasing the strength of the Indian economy during 2024.
Sectors
- Health Insurance
- Legal Advisory
- Investment Banking
Geography
- India – The article primarily focuses on the operations and market activities of Niva Bupa within the Indian health insurance market.
- United Kingdom – Bupa Group, a major entity involved in the joint venture, is based in the United Kingdom.
Industry
- Health Insurance – Niva Bupa operates in the health insurance sector, providing standalone retail health insurance services in India.
- Legal Advisory – White & Case is a global law firm offering advisory services for major IPOs, such as Niva Bupa's.
- Investment Banking – The book running lead managers, including ICICI Securities and others, are part of the investment banking sector, focusing on facilitating IPOs.
Financials
- 1.17 – The IPO was oversubscribed by 1.17 times.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Niva Bupa Health Insurance Company Limited | Target Company | Company | A leading firm in India's health insurance sector undertaking an IPO. |
| White & Case LLP | Legal Advisor | Company | Global law firm advising book running lead managers for Niva Bupa's IPO. |
| Bupa Group | Joint Venture Partner | Company | A global healthcare group and partner in Niva Bupa. |
| Fettle Tone | Joint Venture Partner | Company | The Indian partner in the joint venture with Bupa Group for Niva Bupa. |
| ICICI Securities Limited | Book Running Lead Manager | Company | One of the firms acting as lead manager for Niva Bupa's IPO. |
| Morgan Stanley India Company Private Limited | Book Running Lead Manager | Company | Investment bank acting as lead manager for Niva Bupa's IPO. |
| Kotak Mahindra Capital Company Limited | Book Running Lead Manager | Company | Investment bank overseeing Niva Bupa's IPO process. |
| Axis Capital Limited | Book Running Lead Manager | Company | Lead manager in the IPO of Niva Bupa. |
| HDFC Bank Limited | Book Running Lead Manager | Company | Leading financial institution managing the IPO. |
| Motilal Oswal Investment Advisors Limited | Book Running Lead Manager | Company | Key firm managing the IPO process. |