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Sanjay Bambhaniya · Jul 24, 2026

Manipal Health Enterprises IPO Details 2026

Mainboard Book Build Upcoming
Hospitals And Clinic
BSE, NSE
Price Band
₹560 - ₹590
Issue Size
₹9,275.22 Cr
Lot Size
25
Min. Investment
₹14,750
Live GMP ₹33
5.59% Est. Listing: ₹623
SIP CalcCompare
IPO Timeline
DRHP FILED March 23, 2026
OPEN July 29, 2026
CLOSE July 31, 2026
ALLOTMENT August 3, 2026
LISTING August 5, 2026
IPO DETAILS REVIEW GMP SUBSCRIPTION ALLOTMENT STATUS

Manipal Health Enterprises

Company overview & key insights

The Manipal Health Enterprises IPO size is ₹9,275.22 crore, including a fresh issue of ₹8,000.00 crore and an offer for sale of ₹1,275.22 crore. It is a Book Build issue. The IPO issue opens on July 29, 2026 and closes on July 31, 2026. The share allotment is expected on August 3, 2026, and the listing date is August 5, 2026. Manipal Health Enterprises Ltd. is based in Bengaluru and operates in the Healthcare – Hospitals And Clinic sector. It filed its DRHP on March 23, 2026 and will list its shares on BSE, NSE. Kfin Technologies Ltd. is the registrar, while Kotak Mahindra Capital Co.Ltd. serves as the merchant banker for the offer.

Manipal Health Enterprises – a large network of multi-specialty hospitals and clinics across India – has issued ₹9,275.22 IPO to repay debt, acquire a minority stake in Sahyadri Hospitals, and fund general corporate purposes.

manipal health ipo image

IPO Highlights

Key details & important dates

IPO Details

Total Issues ₹9,275.22 Cr
Fresh Issue ₹8,000.00 Cr
Offer for Sale ₹1,275.22 Cr
IPO Price Band ₹560 - ₹590
Face Value ₹2 per share
Lot Size 25
Listed On BSE, NSE

IPO Dates

DRHP Filed March 23, 2026
Issue Open July 29, 2026
Issue Close July 31, 2026
Allotment Date August 3, 2026
Refunds Initiation August 4, 2026
Credit of Shares August 4, 2026
Listing Date August 5, 2026

Stay up-to-date with all IPO details. Do not miss any deadlines & avoid missed investment opportunities.

How to Apply

IPO Issue Structure

Reservation & Lot Size Details

The company has reserved shares for various investor categories. The Retail Shares reservation is 35%, and QIB has 50%. Further, the minimum lot size is – shares. The anchor investor reservation is –% (– shares), and the market maker reservation is –% (–).

IPO Reservation

QIB 75%
Anchor Investor –
QIB (Ex. Anchor) –
NII (HNI) 15%
bNII > ₹10L –
sNII < ₹10L –
Retail 10%
Employee –
Shareholder –
Market Maker –
Total 15,72,07,054(100%)

IPO Lot Size

Retail (Min)
1 | 25 Shares
₹14,750
Small Investor Quota
Retail (Max)
13 | 325 Shares
₹1,91,750
Retail Investment Limit
S-HNI (Min)
14 | 350 Shares
₹2,06,500
Small HNI (₹2L – ₹10L)
S-HNI (Max)
67 | 1,675 Shares
₹9,88,250
Small HNI (Up to ₹10 L)
B-HNI (Min)
68 | 1,700 Shares
₹10,03,000
Big HNI (Above ₹10L)
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Tip: Determine your investment budget and your exact allotment chances based on your investor category.

Investment Guide

IPO Documents & GMP

Prospectus & Grey Market Premium

On March 23, 2026 the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.

DRHP Document Draft Red Herring Prospectus

IPO GMP

Live

The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares.

Track live GMP Today

Financial Performance (₹ in Cr)

Period Ended31 Mar 2631 Mar 202531 Mar 202431 Mar 2023
Total Income10,520.528,362.796,265.17–
Profit After Tax916.521,081.67533.20–
EBITDA2,795.942,247.071,776.60–
Net Worth8,440.925,865.664,029.22–
Assets24,864.5014,072.0810,818.83–
Total Debt10,553.434,766.833,943.98–

Key Performance Indicator

Particulars31-Mar-26FY25FY24FY23
EBITDA Margin (%)27.0527.2628.7927.5
PAT Margin (%)8.8713.128.648.56
EPS (₹)7.779.255.277.01
ROE (%)–18.513.2812.63
ROCE (%)21.88–––
ROA (%)–7.694.935.22
Debt to Equity (x)–0.820.980.66
RoNW10.57%–––
Price to Book Value8.13–––

IPO Financial Snapshot

Objectives & Key Metrics

IPO Objectives

Payment of outstanding borrowings and accrued interest thereon availed by one of the Material Subsidiaries, Manipal Hospitals Private Limited ₹5,552.76 Cr.
Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited ₹574.00 Cr.
Total ₹6,126.76 Cr.
Total Fund Requirement ₹12,253.52 Cr.

IPO Key Metrics

Pre IPO EPS
7.77
Earnings Per Share
Post IPO EPS
6.97
Earnings Per Share
Pre IPO P/E
75.93
Price to Earnings
Post IPO P/E
84.65
Price to Earnings
Market Capitalization ₹77,605.68 Cr.
Insight: IPO objectives and KPIs provide measurable data to track the company’s real growth.
IPO KPIs

Manipal Health Enterprises Company Details:

Company Profile · Overview

Manipal Health Enterprises Ltd. started its business in 2010. The company operates in the Healthcare – Hospitals And Clinic sector. It provides tertiary and quaternary care services to clients. Its main office is in Bengaluru. It serves millions of customers every year. The firm employs 24,240 workers in various departments. 

Main Offerings

Organ transplants and oncology care
Cardiology and neurology treatments
Orthopaedics and preventive healthcare

Key Strengths

Largest multispecialty hospital group in India by bed capacity
Wide network of choice for healthcare professionals
Advanced infrastructure with focus on clinical excellence
Company Address:The Annexe, #98/2, Rustom Bagh, HAL Airport Road, Bengaluru, Karnataka, 560017 You can contact the company via call or email. +91 80 4936 0300 / legalcs@manipalhospitals.com
Intermediaries
Registrar
Kfin Technologies Ltd.
040-79615565
manipal.ipo@kfintech.com

Frequently Asked Questions

5 FAQs
What is Manipal Health Enterprises Ltd. IPO?

Manipal Health Enterprises Ltd. IPO is a mainboard book-building issue of 15,72,07,054 equity shares worth ₹9,275.22 crores. The issue includes both fresh equity shares and an offer for sale.

When will Manipal Health Enterprises Ltd. IPO open and close?

The subscription opens on July 29, 2026. The subscription closes on July 31, 2026.

What is the price band for Manipal Health Enterprises Ltd. IPO?

The price band is set from ₹560 to ₹590 per equity share.

Who is the registrar for Manipal Health Enterprises Ltd. IPO?

Kfin Technologies Ltd. handles the registrar responsibilities for this issue.

Where will the shares of Manipal Health Enterprises Ltd. list?

The company will list its shares on BSE, NSE.

Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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