Care Health Insurance Ltd Pre IPO Price: A Strategic Investment in 2025?
12 June 2025 · Sachin Gadekar
Deep Dive Into Care Health’s Fundamentals, Shareholding, and Pre IPO Investment Potential
About Care Health Insurance Ltd
As the healthcare sector in India expands with rising insurance penetration, Care Health Insurance Ltd stands out as one of the fastest-growing standalone health insurers. The company’s pre IPO performance has caught the attention of savvy investors looking to tap into the Care Health Insurance Ltd pre IPO price before its public debut.
In this blog, we’ll explore the company’s fundamentals, financials, growth trajectory, ownership structure, and whether its unlisted shares are worth adding to your investment portfolio in 2025.
Founded in 2007 (formerly Religare Health Insurance), Care Health Insurance Ltd is a standalone health insurer in India offering:
Individual and family health insurance
Group medical insurance for SMEs and corporates
Personal accident and travel insurance
It operates under the regulatory framework of IRDAI and has expanded across India with a growing network of hospitals and digital infrastructure.
Care Health Insurance Ltd Pre IPO Price (as of June 2025)
| Parameter | Value |
|---|---|
| Pre IPO Share Price | ₹165 |
| Market Cap (Estimated) | ₹15,546.81 Cr |
| ISIN | INE119J01011 |
| Face Value | ₹10 |
| P/E Ratio | 51.89 |
| EPS (FY24) | ₹3.18 |
| P/B Ratio | 2.30 |
| Book Value | ₹71.7 |
| Debt/Equity Ratio | 0.00 (Debt-Free) |
Financial Highlights
| FY | Premium | Growth % |
|---|---|---|
| FY2025 | 6347.22 | 19% |
| FY2024 | 5328.67 | 35.5% |
| FY2023 | 3932.04 | 56.6% |
| FY2022 | 2510.84 | 45.1% |
Operating Profit & Margin
| FY | Operating Profit (₹ Cr) | Margin (%) |
|---|---|---|
| FY2025 | 5109.64 | 81% |
| FY2024 | 4062.89 | 76.25% |
| FY2023 | 2602.68 | 66.19% |
Profit After Tax (₹ Cr)
| FY | PAT | Growth (%) |
|---|---|---|
| FY2025 | 155.18 | -49% |
| FY2024 | 304.90 | 24% |
| FY2023 | 245.84 | 2037% |
What Makes Care Health a Solid Pre IPO Bet?
Consistent Premium Growth
From ₹1,729 Cr in FY21 to ₹6,347 Cr in FY25 — that’s a 266% jump in just four years.
Debt-Free Status
With a debt/equity ratio of 0.00, the company has full operational flexibility and financial security.
Strong Operating Margins
Operating margins have crossed 80% — a rare feat in insurance — indicating a scalable model.
Robust Leadership
Led by Mr. Anuj Gulati (CEO) and seasoned executives across finance, marketing, and risk verticals, the company boasts a professional management team.
Digital and Physical Presence
Strong hospital tie-ups, mobile-first policy services, and growing digital adoption help Care Health stand out in the competitive insurance landscape.
Risks and Challenges
✘ High Competition
Care competes with major players like Star Health, HDFC Ergo, and ICICI Lombard in a saturated market.
✘ Fluctuating Profit Margins
FY25 saw a 49% drop in PAT due to higher commission and claim payouts, reminding investors of the volatility in the health insurance business.
✘ IPO Timeline Uncertainty
While industry buzz indicates a potential IPO soon, no official dates have been announced yet.
Expert Opinion from getultra.club
"Care Health Insurance Ltd offers a rare blend of consistent premium growth and operational efficiency. Its pre IPO valuation may provide solid upside, especially if IPO valuations align with listed peers."
"For investors bullish on India’s healthcare and insurance sectors, Care Health’s unlisted equity presents a compelling opportunity."
FAQs: Care Health Insurance Ltd Pre IPO
1. What is the current Care Health Insurance Ltd pre IPO price?
The price is approximately ₹165 per share as of June 2025.
2. Is Care Health profitable?
Yes, it has consistently reported operating profits with over 80% margins in FY25, though PAT dipped due to higher claims.
3. Is Care Health going for an IPO?
While an IPO is expected soon, no official date or SEBI filing has been made public as of now.
4. How to invest in Care Health unlisted shares?
Invest via platforms like UnlistedZone, Sharescart, and IncredMoney after completing KYC.
5. Who owns Care Health Insurance Ltd?
Religare Enterprises Ltd owns the majority stake (62.84%), with other institutional and private stakeholders.
Conclusion
Care Health Insurance Ltd offers a unique pre IPO investment opportunity in India’s booming healthcare sector. Its consistent revenue growth, zero debt, and strong management make it an attractive unlisted bet. While short-term profitability may fluctuate, the long-term fundamentals remain robust.
If you’re looking to diversify your portfolio with a high-potential pre IPO stock, Care Health Insurance Ltd deserves your attention.