Care Health Insurance - IPO News Article

Care Health Insurance ltd.’s holding company, Religare Enterprises Ltd, is in talks with investment banks over a planned listing of Care Health Insurance ltd.’s shares.

According to market insiders, Care Health Insurance is mulling an initial public offering (IPO) of up to 2,000 crore in which it aims to issue new shares. The management, on the other hand, stated that they are unable to comment on the status of the IPO in particular.

Care Health, which had a gross premium of 2,560 crore in FY21, provides health insurance, critical illness insurance, personal accident insurance, as well as other insurance services.

Given the fact that the standalone health insurance industry expanded at a rate of 21% in FY20, the company's overall business rose by 31%. In FY20, the company made a profit after tax of 65.65 crore.

*Source- Annual Report of the Company & Economic Times- https://economictimes.indiatimes.com/markets/ipos/fpos/religare-plans-2000-cr-ipo-for-care-health/articleshow/83617197.cms