| Initial public offer of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) ("Company" or "Issuer") for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 3000.00 crores (the "Offer"), comprising a fresh issue of up to [*] equity shares of face value Rs. 10 aggregating up to Rs. 800.00 crores by the company ("Fresh Issue") and an offer for sale of up to [*] equity shares of face value Rs. 10 aggregating up to Rs. 2200.00 crores ("Offer for Sale") by the selling shareholders (as defined below), comprising an offer for sale of up to [*] equity shares of face value Rs. 10 aggregating up to Rs. 320.00 crores by Bupa Singapore Holdings Pte. Ltd ("Promoter Selling Shareholder") and an offer for sale of up to [*] equity shares of face value Rs. 10 aggregating up to Rs. 1880.00 crores by Fettle Tone llp ("Investor Selling Shareholder") (together with the promoter selling shareholder, "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares").
The company, in consultation with the brlms, may consider an issue of specified securities, as may be permitted under applicable law, with the roc ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus.
The face value of equity shares is Rs. 10 each.
The price band and the minimum bid lot shall be decided by the company.
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