Secret Of Abrupt Surge In Unlisted Shares Of Care Health Insurance from stockify investment's blog

Care Health Insurance, originally Religare Health Insurance, was founded in 2007 and has since become one of India's rapidly expanding providers of health insurance. The business has the greatest claim settlement ratio of 95.2%. It gained investment from a  domestic private equity company, Kedaara Capital, that spent ₹567 crores in the business during FY 2021.

Recently, Care Health Insurance was named the "Best Health Insurance Company" by different media companies. That has contributed to providing a positive public image to the company. Along with this, FICCI named it "Best Medical Insurance Product," and Insurance India named it "Best Claim Service Leader of the Year." However, these achievements are mostly for the company's customers as it attracts more individuals to take their services. 

The public image of Care Health Insurancehas assured proper growth of the company's unlisted shares in the stock market. The steady growth could be marked over the previous few years when the company showed a rising trend in its shares. Starting from INR 22 to 28 in 2019, INR 40 in 2020, and INR 130 in 2021, the share of Care Health Insurance is now trading at INR 200 in 2022. All these numbers state that the company has achieved steady growth amidst all the fluctuations in the market. 

Care Health Insurance offers insurance options for maternity, personal accident, foreign travel, critical illness, top-up plans, personal and family health insurance, as well as prenatal and group insurance.

The company has been extending its distribution reach through branch development, online sales, and the bancassurance network. In India, Care Health Insurance has facilities located at 158 locations spanning 7400 hospitals all over the country. As of 2021, the company had hired 1.69 lac marketing representatives for the distribution of its goods and services. The Care Health Insurance also has distribution agreements with ICICI Securities,  Policy Bazaar & Fortis Hospital for their product advertisements. Having allies with big companies is majorly done to build a positive image of the company in the market. Given the same, the stocks of this company have recorded significant growth in the past years.

Coming to the revenue of the company, it generated a gross written premium of INR 2,559 crores during FY 2021. This represents an increase of 29.5% from the previous year. 

Year 

Revenue (Cr.)

Expenses (Cr.) 

PAT (Cr.)

Equity (Cr.)

EPS 

2019-20 

278

213 

65

72.7

0.89

2020-21

322

247

102

84.8

1.21

2021-22

341

325

11

90.8

0.12

Given are the financial records of the Care Health Insurance company. The data indicates that the company is gaining profits in every possible term, that includes their gross revenue to the equity and EPS. 

Being a specialist in the insurance sector, Care Health Insurance Company is said to engage different individuals seeking various services. In the same way as their business, the company is rising among investors. 

Currently, the unlisted share price of the company lies around Rs 145 to 150 per share equity. However, the rates could be liquid. The pre-IPO shares of the company are available online on different trading platforms, while investors and buyers seek to buy the unlisted sharesas per their interest. Care Health Insurance's unlisted shares are among the fastest-growing shares as new investors are also willing to put their money into the pre-IPO of the company. The details of the unlisted shares of the company include: 

Total Available shares 

500

ISIN 

INE119J01011

Face Value 

₹ 10 Per Equity Share

Lot Size 

100 Shares

Price of shares

₹ 150 Per Equity Share

Demat Status

NSDL & CDSL 

Care Health Insurance has had a growing CAGR of 41% during the last three financial years. Moreover, the asset management of the insurance company. 

Care Health Insurance has been investing in the company’s overall growth by gaining funds and ensuring a larger customer base. Being a prominent name in the insurance industry, there is a constant increase in customers' and investors’ interest. Recent data from the company has shared information regarding the ₹ 300 crore funds that would be used for the company's internal growth. Marketing is another growth aspect that the company has been following recently. These subtle changes would comply with the company’s goodwill and increase potential investors. 

Having a large base of inventors in the company would ensure overall money flow that would directly help in developing more profitable revenue generation, lest the prices of Care Health Insurance unlimited shares are pretty affordable for new investors as well. 

Inventors generally put their money in companies that have better revenue generation rates and provide an easy return on the shares. This is the reason there has been a surge in unlisted share buyers of Care Health Insurance. The easiest process to buy pre-IPO of Care Health is to connect with our experts and buy shares online at Stockify. Start investing today!