Manipal Health Enterprises Ltd IPO Review 2026: Listing Dates, Allotment, GMP & Overview
Manipal Health Enterprises IPO is a Mainboard Book Built IPO opening for subscription from July 29 to July 31, 2026. The company plans to raise ₹9,273.64 crore through a combination of a fresh issue and an Offer for Sale. The IPO price band is ₹560 to ₹590 per share, the minimum application size is 25 shares, and the equity shares are proposed to be listed on BSE and NSE on August 5, 2026.
Manipal Health Enterprises IPO Details
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| Issue Size | ₹9,273.64 Crore |
| Fresh Issue | 13,55,93,220 Equity Shares (₹7,998.43 Crore) |
| Offer for Sale | 2,16,13,834 Equity Shares (₹1,275.22 Crore) |
| Price Band | ₹560 - ₹590 per share |
| Face Value | ₹2 per Equity Share |
| Lot Size | 25 Shares |
| Minimum Retail Investment | ₹14,750 (25 Shares at Upper Price) |
| Employee Discount | ₹56 per Share |
| Issue Type | Mainboard Book Building IPO |
| Listing Exchange | BSE & NSE |
| Total Issue Size | 15,72,07,054 Equity Shares |
| Pre-Issue Share Capital | 1,17,97,57,321 Shares |
| Post-Issue Share Capital | 1,31,53,50,541 Shares |
| Pre-IPO Market Capitalization | ₹9,275.22 Crore |
| Book Running Lead Manager | Kotak Mahindra Capital Co. Ltd. |
| Registrar | Kfin Technologies Ltd. |
Refer to RHP for detailed information.
About Manipal Health Enterprises Ltd.
Manipal Health Enterprises Limited, incorporated in 2010, is one of India's leading integrated healthcare service providers. The company operates an extensive network of multi-specialty hospitals, clinics, and diagnostic centres across the country and forms part of the renowned Manipal Group, founded by Dr. T. M. A. Pai.
The company provides comprehensive healthcare services across numerous specialties, including:
- Oncology
- Cardiology
- Neurology
- Orthopaedics
- Organ Transplantation
- Tertiary Care
- Quaternary Care
- Preventive Healthcare
Manipal Health has consistently focused on delivering high-quality, patient-centric healthcare supported by advanced medical technology, experienced doctors, and continuous investments in digital healthcare and hospital infrastructure.
As of September 30, 2025, the company operated:
- 38 hospitals (48 on a pro forma basis)
- 10,761 licensed beds (12,367 on a pro forma basis)
- 17 clinics across India
Its presence across metropolitan and non-metropolitan markets enables the company to cater to a broad patient base while maintaining strong operational efficiency.
Competitive Strengths
Some of the key strengths of Manipal Health Enterprises include:
- India's largest multispecialty hospital group by licensed bed capacity.
- Strong pan-India presence with leadership across key healthcare markets.
- Only private hospital chain with leadership positions in Bengaluru, Kolkata and Pune.
- Well-recognized healthcare brand trusted by patients, doctors and healthcare professionals.
- Advanced medical infrastructure with modern diagnostic and treatment facilities.
- Focus on clinical excellence supported by experienced medical teams.
- Consistent track record of growth, profitability and operational efficiency.
- Diversified presence across metro and non-metro cities.
Manipal Health Enterprises IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | 29 July 2026 (Wednesday) |
| IPO Closes | 31 July 2026 (Friday) |
| Basis of Allotment | 03 August 2026 (Monday) |
| Initiation of Refunds | 04 August 2026 (Tuesday) |
| Credit of Shares | 04 August 2026 (Tuesday) |
| Listing Date | 05 August 2026 (Wednesday) |
Investment Considerations
Investors evaluating the Manipal Health Enterprises IPO may consider the company's established position in India's healthcare sector, supported by its extensive hospital network, diversified specialty offerings, and strong brand recognition. The company has expanded through a combination of organic growth and strategic acquisitions, enabling it to strengthen its presence across key metropolitan and non-metropolitan markets.
Some key factors investors may evaluate include:
- One of India's largest multispecialty hospital networks by licensed bed capacity.
- Leadership position across Bengaluru, Kolkata, and Pune.
- Diversified revenue base across specialties and geographies.
- Strong brand equity and experienced medical professionals.
- Continuous investment in hospital infrastructure and digital healthcare.
- Long-term growth potential driven by increasing healthcare demand in India.
- Risks relating to regulatory changes, healthcare costs, expansion execution, and competitive intensity.
Why Manipal Health Enterprises IPO is in Focus
The IPO has attracted market attention due to several notable factors:
- One of the largest healthcare IPOs in recent years.
- Total issue size of ₹9,273.64 crore.
- Fresh issue of ₹7,998.43 crore to strengthen the company's capital base.
- Backed by the well-established Manipal Group.
- Extensive hospital network with 38 operational hospitals and 10,761 licensed beds (as of September 30, 2025).
- Leadership across major healthcare markets in India.
- Proposed listing on both BSE and NSE.
IPO Allotment & Application Status
Registrar: MUFG Intime India Pvt.Ltd.
- NSE Bid Status: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx
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Frequently Asked Questions (FAQs) - Manipal Health Enterprises IPO
1. What is the Manipal Health Enterprises IPO?
Manipal Health Enterprises IPO is a Mainboard Book Built IPO with a total issue size of ₹9,273.64 crore comprising a fresh issue and an Offer for Sale.
2. When will the Manipal Health Enterprises IPO open?
The IPO opens for subscription on July 29, 2026.
3. What is the closing date of the Manipal Health Enterprises IPO?
The IPO closes on July 31, 2026.
4. What is the price band of the Manipal Health Enterprises IPO?
The IPO price band has been fixed at ₹560 to ₹590 per equity share.
5. What is the lot size for the Manipal Health Enterprises IPO?
The minimum application size is 25 equity shares.
6. What is the minimum investment required for retail investors?
The minimum investment for retail investors is ₹14,750 based on the upper price band.
7. What is the allotment date for the Manipal Health Enterprises IPO?
The basis of allotment is expected to be finalized on August 3, 2026.
8. When will Manipal Health Enterprises IPO be listed?
The shares are proposed to be listed on BSE and NSE on August 5, 2026.
9. What does Manipal Health Enterprises Limited do?
The company operates one of India's largest networks of multi-specialty hospitals, clinics, and diagnostic centres, offering tertiary, quaternary, and preventive healthcare services.
10. How many hospitals does Manipal Health Enterprises operate?
As of September 30, 2025, the company operated 38 hospitals (48 hospitals on a pro forma basis) and 17 clinics across India.
11. Who is the registrar of the Manipal Health Enterprises IPO?
Kfin Technologies Limited is the registrar to the IPO.
12. Who is the book-running lead manager?
Kotak Mahindra Capital Company Limited is the Book Running Lead Manager for the issue.
13. On which stock exchanges will the IPO be listed?
The equity shares are proposed to be listed on both the BSE and NSE.
14. Is Manipal Health Enterprises a healthcare company?
Yes. Manipal Health Enterprises Limited is one of India's leading healthcare service providers operating multi-specialty hospitals, clinics, and diagnostic centres.
15. Should investors apply for the Manipal Health Enterprises IPO?
Investors should evaluate the company's business model, financial performance, valuation, growth prospects, and associated risks while considering their investment objectives before applying.
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