The stock market has never been seen so active and lively before. With the stock market hitting ever-high, investors have seen a flurry of many announcements this year and in the past. According to data, only between April to mid-June 2021, 21 companies have filed or refiled their offer documents with the capital markets regulator SEBI for either follow-on public offers or initial public offers. Reasonable valuations, liquidity, and funding needs have all made multiple companies plan their IPOs. One such company filing its IPO is Care Health Insurance.
Care Health Insurance, the health insurance subsidiary of Religare Enterprises Ltd, decided to make its IPO public. It became the third health insurance company to launch an IPO in 2022, followed by Star Health Insurance and Medi Assist India. According to the news report, the IPO was expected to be launched towards the end of the 2021 fiscal year. Religare Enterprises was in talks with investment banks for the listing shares.
Care Health Insurance offers a range of products in the health insurance sector, including maternity, critical illness, top-up coverage, personal accidents, and insurance for international travel, apart from group health insurance. Due to these reasons, this insurance subsidiary of Religare has grabbed the attention of trading experts and investors. Check out the Religare Health Insurance share price and invest in making considerable gains.
Religare Enterprise Limited makes up nearly 70 percent stake in Care Health Insurance, while Kedaara Capital holds a roughly 18 percent stake in the insurance firm. On the other hand, public sector banks like Union Bank and Corporation Bank also own a 6 percent in Care Health Insurance.
Indian investment and financial services holding company Religare Enterprises Limited was listed on the NSE (National Stock Exchange of India) in 1994. The company locked itself a membership for the NSE’s Futures and Options segment and is now registered as a depository participant with the National Securities Depository Limited (NSDL). This finance services-providing Enterprise is registered with the Reserve Bank of India (RBI). Religare Enterprises comprises four key businesses: Care Health Insurance, Religare Finvest, Religare Broking, and House Development Finance Corporation, catering to health insurance, SME finance, retail broking, and affordable housing, respectively.
Religare Enterprises Limited is a manifold group providing financial services across three verticals. This group offers consolidated financial services through its subsidiaries and other operating entities, including affordable housing finance, SME loans, retail broking, and health insurance. Retail Enterprises Limited provides for SMEs to mid-size corporations and mass retail to the affluent, so basically, a diverse market segment. The company’s revenue is INR 3,372 crore (US 420 million dollars), and a net income of INR 1,543 crore, according to the financial report FY22.
| Particulars (in Rs crore) | March 22 | March 21 | March 20 |
| Net Worth | 2138.05 | 1579.18 | 1510.59 |
| Total Liabilities | 2222.09 | 1915.82 | 1843.61 |
| Net Block | 14.66 | 3.90 | 2.38 |
| Total Current assets | 111.41 | 121.73 | 82.44 |
| Total Current Liabilities | 188.29 | 169.60 | 307.46 |
| Net Current Assets | -76.88 | -47.86 | -225.01 |
| Total Assets | 2222.09 | 1915.82 | 1843.61 |
Religare Enterprises Ltd and its subsidiaries, Religare Finvest Limited, Care Health Insurance, and Religare Broking Ltd, are doing incredible individually in their respective domains and as a group. This is why investors always stay interested in buying unlisted shares at the most competitive prices. If you also want to start your trading journey, or if you’re going to diversify your investment portfolio and inbuilt damage control due to fluctuation in the listed stock market, investing in Religare shares would be wise. Stockify will develop a seamless plan for buying and selling unlisted shares to make the perfect investing decisions. Stackify is an unlisted online share, ESOPs, and pre-IPO shares providing platform. It is India’s one of the very reliable trading platforms that offer access to unlisted shares of the most popular companies in various industries, from manufacturing, health, technology, finance, banking, and others.
If you want to invest in unlisted shares and do not know where to begin, Stockify is here to lead your path. On this platform, you will find key performance indicators like EBITDA margin reports, ESP growth, and other crucial information. The reading geeks can keenly see the happenings of the stock market, market fluctuations, damage control, and best unlisted share price. If you are curious about investing, connect with the experts at Stockify, who will guide you throughout the trading process, from KYC authentications to share transfers.
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