Niva Bupa ropes in Kotak, Axis, HDFC & three others to run its ₹3,000-crore IPO The development comes months after the company's majority shareholder True North sold a big chunk of its stake to its UK partner Bupa.Niva Bupa, which has lined up six investment banks for its IPO, will be the second health insurer to go public this year, after GoDigit