If you are planning to invest in an IPO, this could be an important opportunity to watch. Leading healthcare chain Manipal Hospitals is preparing to launch its mega IPO soon,
and market experts believe it could become one of the biggest IPOs in the healthcare sector this year.
According to reports, the company may begin investor meetings and promotional activities as early as next week. The IPO is already creating strong buzz in the stock market.
Company Targets Massive ₹1.15 Lakh Crore Valuation
Manipal Hospitals is backed by Singapore-based investment giant Temasek. The company plans to raise nearly $1 billion, which is around ₹9,600 crore, through this public issue.
Reports suggest the hospital chain is targeting a valuation of around $12 billion, or nearly ₹1.15 lakh crore. This makes it one of the biggest upcoming IPOs in India’s healthcare industry.
As per documents submitted to Securities and Exchange Board of India, the company will issue fresh shares worth ₹8,000 crore. The money raised will mainly be used for expansion plans and reducing debt.
At the same time, some existing investors will also sell part of their stake through the Offer for Sale (OFS) route.
Big Global Investors May Sell Stake
Several major investors are expected to offload a small portion of their holdings during the IPO. These include:
TPG
Temasek
Novo Holdings
Phoenix Bear Investments
Manipal Education and Medical Group
Why Investors Are Paying Attention
The Indian stock market has been under pressure due to global tensions and the ongoing Middle East crisis. In such a situation, the listing of a large healthcare company could help improve market sentiment.
After Apollo Hospitals, Manipal Hospitals is considered one of the country’s largest hospital chains, with hospitals across several major cities.
Experts believe the company’s strong financial position and support from global investors make this IPO attractive for long-term investors.
IPO Could Open in June
Manipal Hospitals filed its Draft Red Herring Prospectus (DRHP) in March 2026. If the upcoming investor roadshows receive a positive response, the IPO may open in the first or second week of June.
Several major financial institutions are managing the IPO process, including Kotak Mahindra Capital, Axis Bank, Goldman Sachs, and JPMorgan Chase.
Many market analysts are calling it a “must-watch” IPO for investors interested in the healthcare sector.
