Manipal Health Enterprises IPO: Price band set at ₹560-590 per share; check key dates, issue details

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Manipal Health Enterprises IPO: The Manipal Health Enterprises Limited IPO price band has been fixed in the range of ₹560 to ₹590 per equity share of the face value of ₹2. The Manipal Health Enterprises IPO date of subscription is scheduled for Wednesday, 29 July and will close on Friday, 31 July. The allocation to anchor investors for the Manipal Health Enterprises IPO is scheduled to take place on Tuesday, 28 July.
The Manipal Health Enterprises IPO lot size is 25 equity shares and in multiples of 25 equity shares thereafter.
Manipal Health Enterprises IPO has reserved not more than 75% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 10% of the offer is reserved for retail investors.
Tentatively, Manipal Health Enterprises IPO basis of allotment of shares will be finalised on Monday, 3 August and the company will initiate refunds on Tuesday, 4 August, while the shares will be credited to the demat account of allottees on the same day following refund. Manipal Health Enterprises share price is likely to be listed on BSE and NSE on Wednesday, 5 August.
The firm has set aside shares valued at ₹15 crore for its staff, who will receive these shares at a discount of ₹56 per share from the final offering price.
The Manipal Hospitals IPO comprises a fresh issue of equity shares worth ₹8,000 crore and an offer for sale (OFS) of 2.16 crore equity shares aggregating ₹1,275.2 crore, taking the total issue size to ₹9,275 crore.
The Temasek- and Dr Ranjan Pai-backed healthcare major's OFS 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.
Notably, the OFS has been halved from the 4.32 crore equity shares proposed in the draft red herring prospectus (DRHP) filed in March 2026. The Securities and Exchange Board of India (SEBI) approved the company's IPO proposal earlier this month.
The company plans to utilise ₹5,378 crore from the net proceeds of the fresh issue to repay borrowings, ₹574 crore for the acquisition of a minority stake in its step-down subsidiary, Sahyadri Hospitals, while the remaining funds will be used for general corporate purposes.
The Manipal Hospitals IPO is being managed by Kotak Mahindra Capital Company, Axis Capital, Goldman Sachs (India) Securities, Jefferies India, JP Morgan India, UBS Securities India, and DBS Bank India, which are acting as the book-running lead managers to the issue.
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.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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