Manipal Health Enterprises IPO
Manipal Health Enterprises Limited
Minimum investment
Manipal Health Enterprises IPO Details
Bidding date
29 Jul - 31 Jul 2026
Price range
₹560 - ₹590
Minimum quantity
25
Minimum investment
₹14,000
Issue size
₹9,275 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Manipal Health Enterprises IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹9,275 Crore
Fresh Issue: 86% (₹8,000 Cr)
OFS: 14% (₹1,275 Cr)
Fresh Issue – ₹8,000 Crore
- Repayment/prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the Company's Material Subsidiaries, Manipal Hospitals Private Limited - ₹5,552.76 Cr
- Acquisition of a minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited - ₹574 Cr
Offer for Sale – ₹1,275 Crore
- Sale of shares by the Selling Shareholders - ₹1,275.22 Cr
Before Issue: 81.43%
After Issue: 72.08%
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Anchor Investors (First 50% of allotted shares) | 30 Days from the Date of Allotment |
Anchor Investors (Remaining 50% of allotted shares) | 90 Days from the Date of Allotment |
Promoters' Minimum Contribution (20%) | 18 Months from the Date of Allotment |
Promoters' Shareholding Above Minimum Contribution | 6 Months from the Date of Allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Manipal Health Enterprises IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 8.25x |
Retail Individual Investor | 0.93x |
Non-Institutional Investor | 1.02x |
Others | - |
Total | 4.92x |
About Manipal Health Enterprises IPO: Company Overview
Founded in 2010, Manipal Health Enterprises Limited is one of India's leading healthcare service providers and a part of the renowned Manipal Group, established by Dr. T. M. A. Pai. The company operates a nationwide network of multi-specialty hospitals, clinics, and diagnostic centres, offering comprehensive healthcare services across primary, tertiary, and quaternary care.
The company provides specialized treatments in oncology, cardiology, neurology, orthopaedics, organ transplantation, preventive healthcare, and several other medical specialties. Its hospitals are equipped with advanced medical technology and supported by highly qualified doctors, nurses, and healthcare professionals.
As of March 31, 2026, Manipal Health operated 49 hospitals with 13,037 licensed beds across India, along with 21 clinics, making it one of the country's largest private hospital networks. The company employed 24,240 full-time professionals, including over 11,000 nurses and 6,300 paramedics, enabling it to deliver high-quality patient care.
The IPO proceeds will primarily be used to repay debt, acquire a minority stake in Sahyadri Hospitals Private Limited, and support general corporate purposes, strengthening the company's financial position and future growth plans.
Strengths & Risks of Manipal Health Enterprises IPO
Largest Multi-Specialty Hospital Network: Manipal Health is one of India's largest private hospital chains by bed capacity, with a strong presence across multiple states and cities.
Trusted Healthcare Brand: Backed by the Manipal Group, the company has built a strong reputation for quality healthcare, experienced doctors, and patient trust over the years.
Diversified Geographic Presence: The company has a balanced network across metro and non-metro locations, reducing dependence on any single region for revenue.
Comprehensive Healthcare Services: Manipal Health offers a wide range of specialized treatments, including oncology, cardiology, neurology, orthopaedics, and organ transplants, supporting diversified revenue streams.
Strong Revenue Growth: The company reported healthy revenue growth in FY26, driven by higher patient volumes, hospital expansion, and increased demand for healthcare services.
High IPO Valuation: The IPO is priced at a relatively high valuation, which may limit near-term upside if earnings growth does not keep pace.
Declining Profitability: Despite strong revenue growth, the company's Profit After Tax declined in FY26, indicating pressure on margins due to higher operating and finance costs.
Significant Debt Levels: Although the company plans to reduce borrowings through the IPO, it continues to carry a sizeable debt burden.
Capital-Intensive Business: The hospital industry requires continuous investment in infrastructure, medical equipment, and technology, resulting in high capital expenditure.
Manipal Health Enterprises Financials: Revenue, Profit & EBITDA
10 Cr.
Mar'26
916.52 Cr.
Mar'26
2 Cr.
Mar'26
How to Apply for Manipal Health Enterprises IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
Manipal Health Enterprises IPO Market Sentiment: See How Many Are Interested
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