Niva Bupa and Paras Healthcare Set for IPO Launch

Niva Bupa Health Insurance and Paras Healthcare have received regulatory approval from Sebi to initiate Initial Public Offerings (IPOs). Niva Bupa aims to raise Rs 3,000 crore, focusing on fresh equity and an Offer for Sale (OFS). Paras Healthcare plans to gather Rs 400 crore. Both companies will list on BSE and NSE.

Niva Bupa Health Insurance and Paras Healthcare are on track to launch their Initial Public Offerings (IPOs) following approval from the Securities and Exchange Board of India (Sebi). The regulatory green light was confirmed on Monday, allowing both firms to proceed with raising substantial funds in the capital markets.

Niva Bupa aims to garner Rs 3,000 crore through a combination of a fresh equity issue and an Offer for Sale (OFS). The former Max Bupa plans to boost its capital base with Rs 625 crore from the fresh issuance, while the remainder will aid general corporate purposes. Paras Healthcare, on the other hand, seeks to raise Rs 400 crore through a similar structure, also featuring a fresh issuance and OFS component.

The proceeds for Paras will address debt payments and fund investments within its subsidiaries. Both companies filed their draft prospectuses in the mid-year, with equity listings planned on both the BSE and NSE. These funding initiatives mark significant steps in the healthcare sector's engagement with public markets.

(With inputs from agencies.)