Manipal Health Enterprises IPO: Opens July 29, Price Band and Issue Details
- 24th July 2026
- 01:00 PM
- 3 min read
Summary
Manipal Health Enterprises has fixed its IPO price band at ₹560 to ₹590 per share. The ₹9,275 crore issue opens for subscription on July 29 and closes on July 31, comprising a fresh issue and an offer for sale.Mumbai | July 24, 2026
Manipal Health Enterprises Limited has fixed the price band for its initial public offering at ₹560 to ₹590 per equity share of face value ₹2. The subscription window opens on Wednesday, July 29, and closes on Friday, July 31. Allocation to anchor investors is scheduled for Tuesday, July 28.
What Is the Current Status of the Manipal Health Enterprises IPO?
The Securities and Exchange Board of India approved the company’s IPO proposal earlier this month. The IPO lot size has been set at 25 equity shares, and in multiples of 25 equity shares thereafter. Not more than 75% of the shares in the public issue have been reserved for qualified institutional buyers, not less than 15% for non-institutional investors, and not less than 10% for retail investors.
Manipal Health Enterprises IPO Details
The IPO comprises a fresh issue of equity shares worth ₹8,000 crore and an offer for sale of 2.16 crore equity shares aggregating ₹1,275.2 crore, taking the total issue size to ₹9,275 crore. The offer for sale has been halved from the 4.32 crore equity shares proposed in the draft red herring prospectus filed in March 2026.
The Temasek and Dr Ranjan Pai backed company’s offer for sale includes share sales by promoters Imperius Healthcare Investments and Manipal Education and Medical Group India, along with existing investors TPG SG Magazine, Seventy Second Investment Company, Ammar Sdn Bhd, Novo Holdings Invest Asia, and Phoenix Bear Investments.
The company has set aside shares valued at ₹15 crore for its employees, who will receive these shares at a discount of ₹56 per share from the final offer price.
Key IPO Dates
| Event | Date |
| Anchor investor allocation | Tuesday, 28 July |
| IPO opens for subscription | Wednesday, 29 July |
| IPO closes for subscription | Friday, 31 July |
| Basis of allotment finalisation | Monday, 3 August |
| Refund initiation | Tuesday, 4 August |
| Credit of shares to demat accounts | Tuesday, 4 August |
| Listing date | Wednesday, 5 August |
| Listing exchanges | BSE, NSE |
Purpose of IPO Proceeds
The company plans to utilise ₹5,378 crore from the net proceeds of the fresh issue to repay borrowings, and ₹574 crore for the acquisition of a minority stake in its step-down subsidiary, Sahyadri Hospitals. The remaining funds will be used for general corporate purposes.
About Manipal Health Enterprises
Manipal Hospitals asserts that it has the largest multispecialty hospital network in India based on bed capacity, and ranks as the second largest hospital chain by the number of facilities, running 49 hospitals with a total of over 12,600 beds in more than 24 cities.
Kotak Mahindra Capital Company, Axis Capital, Goldman Sachs (India) Securities, Jefferies India, JP Morgan India, UBS Securities India, and DBS Bank India are acting as the book running lead managers to the issue.
Stay updated on Indian equity and commodity markets. Read more market news on PL Capital →
Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.
This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.
For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/
