IPO Update: Two big healthcare companies are about to enter the market. Both the companies are big names in the health sector insurance. Health insurance companies Niva Bupa and Paras Healthcare Limited have got approval to bring IPO. Niva Bupa has got SEBI's approval for an IPO of Rs 3,000 crore. On October 18, SEBI approved Niva Bupa Health Insurance Company to bring an Initial Public Offering (IPO). After SEBI's approval, the company can now raise funds from the capital market.  

Apart from Niva Bupa Health Insurance, Paras Healthcare has also got approval from SEBI to bring IPO. Bupa Health Insurance Company Limited operates in the health insurance sector, while Paras Healthcare Limited runs a hospital chain under the 'Paras Health brand. Niva Bupa Health Insurance Company plans to raise Rs 3,000 crore by issuing new shares and through a sale offer (OFS). On the other hand, Paras Healthcare is looking to raise up to Rs 400 crore from the IPO. Both the companies had applied for IPO with the Securities and Exchange Board of India in July-August. 

With the approval of this IPO, people investing in the stock market will also get a big opportunity to earn. Niva Bupa will issue fresh shares worth Rs 800 crore at a face value of Rs 10. Let us tell you that Bupa Singapore Holding will sell shares worth Rs 320 crore and Fetal Tone LLP will sell shares worth Rs 1880 crore.