Manipal Health Enterprises is all set to launch its initial public offering (IPO) on Wednesday, July 29, 2026.
The healthcare company is looking to raise ₹9,275.22 crore through this public issue.
The IPO subscription window will remain open for three days and will close on Friday, July 31, 2026.
The shares are expected to be listed on both the NSE and BSE on August 5, 2026.
Manipal Health Enterprises IPO Details: Price Band, Issue Size and Investment
The company has set the IPO price band at ₹560 to ₹590 per share.
Retail investors can apply for a minimum of 25 shares, which means the minimum investment required at the upper price band will be ₹14,750.
The IPO includes a fresh issue of 13.56 crore equity shares worth ₹8,000 crore.
Along with this, the company will also offer 2.16 crore shares through an offer for sale (OFS), valued at ₹1,275.22 crore.
Before the IPO, Manipal Health Enterprises has a market capitalisation of ₹77,605.68 crore.
Important IPO Dates
IPO Opening Date: July 29, 2026
IPO Closing Date: July 31, 2026
Expected Share Allotment Date: August 3, 2026
Tentative Listing Date: August 5, 2026
Stock Exchanges: NSE and BSE
Who Can Invest? IPO Reservation Breakdown
The company has divided the IPO shares among different investor categories.
Qualified Institutional Buyers (QIBs) will receive the largest portion, with at least 75% of the net offer reserved for them.
Non-Institutional Investors (NIIs) will have a reservation of up to 15%, while retail investors will get up to 10% of the net offer.
IPO Reservation Details
Qualified Institutional Buyers (QIBs): Minimum 75% of the net offer
Non-Institutional Investors (NIIs): Maximum 15% of the net offer
Retail Individual Investors (RIIs): Maximum 10% of the net offer
How Will Manipal Health Enterprises Use IPO Funds?
The company plans to use the money raised from the fresh issue mainly to reduce debt and support future growth plans.
A major portion of the funds will be used for repayment or prepayment of borrowings, including interest payments, of its subsidiary Manipal Hospitals Private Limited.
The company also plans to use part of the proceeds to acquire a minority stake in Sahyadri Hospitals Private Limited, a step-down subsidiary. Remaining funds will be used for general corporate purposes.
About Manipal Health Enterprises
Founded in 2010, Manipal Health Enterprises is one of India’s leading healthcare service providers and a part of the Manipal Group.
The company runs a large network of multi-specialty hospitals, clinics and diagnostic centres across India.
It provides healthcare services in areas such as oncology, cardiology, neurology, orthopaedics, organ transplantation, advanced care and preventive healthcare.
As of March 31, 2026, the company operated 49 hospitals with 13,037 licensed beds and 21 clinics across the country.
Manipal Health Enterprises IPO: Quick Overview
| Details | Information |
|---|---|
| IPO Type | Book Built Issue |
| Total Issue Size | ₹9,275.22 crore |
| Fresh Issue | 13.56 crore shares |
| Offer for Sale | 2.16 crore shares |
| Price Band | ₹560-₹590 per share |
| Lot Size | 25 shares |
| Minimum Retail Investment | ₹14,750 |
| IPO Opening Date | July 29, 2026 |
| IPO Closing Date | July 31, 2026 |
| Expected Allotment | August 3, 2026 |
| Listing Date | August 5, 2026 |
| Exchanges | NSE and BSE |
| Pre-IPO Market Capitalisation | ₹77,605.68 crore |
| Lead Managers | Kotak Mahindra Capital Co Ltd, Axis Capital Ltd, Goldman Sachs (India) Securities Pvt Ltd, Jefferies India Pvt Ltd, JP Morgan India Pvt Ltd, UBS Securities India Pvt Ltd and DBS Bank India Ltd |
| Registrar | KFin Technologies Ltd |
With a large hospital network and a strong presence in India’s healthcare sector, the Manipal Health Enterprises IPO will be closely watched by investors looking for opportunities in the healthcare industry.
