Swiggy Vs Niva Bupa Health Insurance: Which IPO should you bet on this week?

Swiggy and Niva Bupa Health Insurance IPOs opened in the first week of November. While Swiggy targets raising Rs 11,327.43 crore, the health insurance company aims to raise Rs 2,200 crore. Are you wondering where to put your money to garner some better gains?

Here are some factors to take into account:

Niva Bupa Health Insurance – Valuation check

The health insurance company has turned net profitable in FY23 where it posted a profit after tax of Rs 12.54 crore against a net loss of Rs 196.5 crore in FY22. The company reported a net profit of Rs 81.8 crore in FY24, a jump of 552% on year compared to FY23. 

The company will use the raised proceeds to augment its capital base, strengthen solvency levels, and perform other general corporate purposes.

“The company aims to build a comprehensive, customer-focused health insurance platform and healthcare ecosystem, offering customers access to a variety of services, including wellness programs, doctor consultations, diagnostics, and medicine delivery. They plan to keep investing in developing and expanding their health insurance ecosystem through their own initiatives, like introducing more health assessment tools and wellness content, and by partnering strategically for services such as digital consultations and home medicine delivery,” said Anand Rathi Research in a research report. 

Niva Bupa Health Insurance IPO opened on November 07 to raise Rs 2,200 crore. The IPO closes on November 11. The issue is a combination of fresh shares and an offer for sale. The allotment of shares is likely to be finalised on November 12 and listing on November 14. The company set the IPO price band in a range of Rs 70 to Rs 74 per equity share.

Swiggy – Does it give you an edge?

The company proposes to utilize the funds raised for investment in the material subsidiary, Scootsy, to pay for borrowings. Also, the investment in the material subsidiary, Scootsy, will expand the dark store network for the quick commerce segment. The food-delivery company will invest in technology and cloud infrastructure, brand marketing, and business promotion expenses to enhance the brand awareness and visibility of its platform. While Swiggy proposes to use some part of the raised money for acquisition and other general corporate purposes. 

Swiggy has been reporting net loss since the inception of the company in 2014.

 » Read More

Related Articles

China fund managers face 50% pay cut for poor performance — Here’s what’s changing

Fund managers in China may see a major blow to their salaries. If they do not meet the set performance standards, their salaries can be cut by up to 50%. This decision is part of a comprehensive reform in the country’s 33 trillion yuan ($4.6 trillion) mutual fund industry. According to a Bloomberg report, the

Two stocks ready to takeoff as summer arrives early

The India Meteorological Department has forecast above-average summer temperatures and increased heat waves. This is not surprising, as India is already facing rising temperatures. The demand for cooling products is expected to lead to record sales this year due to the early arrival of summer. High temperatures will increase the demand for air conditioners, coolers

Gold Price hits US$ 3,000. Could a recession boost it further?

Gold has been on a tear with its price jumping over 50% in the last one year. In international markets, gold crossed $3,000 an ounce on March 14, while in India, gold rate today is Rs 87,970 per ten grams. The recent surge in gold prices is due to the R-word – recession, which now

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

China fund managers face 50% pay cut for poor performance — Here’s what’s changing

Fund managers in China may see a major blow to their salaries. If they do not meet the set performance standards, their salaries can be cut by up to 50%. This decision is part of a comprehensive reform in the country’s 33 trillion yuan ($4.6 trillion) mutual fund industry. According to a Bloomberg report, the

Two stocks ready to takeoff as summer arrives early

The India Meteorological Department has forecast above-average summer temperatures and increased heat waves. This is not surprising, as India is already facing rising temperatures. The demand for cooling products is expected to lead to record sales this year due to the early arrival of summer. High temperatures will increase the demand for air conditioners, coolers

Gold Price hits US$ 3,000. Could a recession boost it further?

Gold has been on a tear with its price jumping over 50% in the last one year. In international markets, gold crossed $3,000 an ounce on March 14, while in India, gold rate today is Rs 87,970 per ten grams. The recent surge in gold prices is due to the R-word – recession, which now

Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week

US stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the US market from a fourth straight losing week, its longest such streak since August. The S&P 500 jumped 2.1% a day after closing more than 10% below its

Market crash goldmine? 2 Mukul Agarwal’s portfolio stocks trading at over 50% discount

As the markets graduated from a correction to a full-blown crash, investors of all types are running for exit. It is at times like these that we must remember the words of the world’s most famous value investor, Warren Buffet. He said, “Be greedy when others are fearful and be fearful when others are greedy.”