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IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹2 per share
  • Price Band
  • Lot Size
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Fresh Issue
    [.] shares (agg. up to ₹8,000 Cr)
  • Offer for Sale
    4,32,27,668 shares of ₹2 (agg. up to ₹[.] Cr)

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Mon, Mar 23, 2026
SEBI/Exchange approval received Fri, Jul 3, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

About Manipal Health Enterprises Ltd.

Manipal Health Enterprises Limited is a healthcare service providers, operating a large network of multi-specialty hospitals, clinics, and diagnostic centres across the country. It is part of the Manipal Group, founded by T. M. A. Pai.

The company offers a wide range of healthcare services including tertiary and quaternary care, organ transplants, oncology, cardiology, neurology, orthopaedics, and preventive healthcare. Its hospitals are equipped with advanced medical technology and are staffed by experienced medical professionals.

Manipal Health focuses on delivering quality, patient-centric care and expanding access to healthcare through strategic acquisitions, partnerships, and continuous investment in medical infrastructure and digital health initiatives.

As of September 30, 2025, the company operated 38 hospitals (48 hospitals on a pro forma basis) with 10,761 licensed beds (12,367 licensed beds on a pro forma basis). They are operating 17 clinics as of September 30, 2025.

Competitive Strengths:

  • India’s largest multispecialty hospital group by bed capacity with pan-India presence and leadership in our three key region.
  • We are the only private hospital chain network in India with leadership in three metros (Bengaluru, Kolkata and Pune) with a balanced and diversified presence across metros and non-metros.
  • Widely recognized brand and network of choice for patients, doctors and healthcare professionals
  • Advanced infrastructure and medical equipment, with a strong focus on clinical excellence
  • Track record of delivering industry leading growth with strong profitability and efficiency metric

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 22,579.11 21,443.81 10,818.83 7,936.78
Total Income 5,436.31 9,409.12 6,265.17 4,927.57
Profit After Tax 319.47 534.80 533.20 414.20
EBITDA 1,439.15 2,455.03 1,596.98 1,228.24
NET Worth 4,029.22 3,325.29

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the Material Subsidiaries, Manipal Hospitals Private Limited
    5,378.00
  • 2 Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited
    574.00
  • 3 General corporate purposes
  • Total
    5,952.00

Key Performance Indicator (KPI)

KPI Sep 30, 2025 Mar 31, 2025
ROCE 26.98%
RoNW 8.72% 18.16%
PAT Margin 6.01% 5.77%
EBITDA Margin 27.99% 26.65%
Pre IPO Post IPO
Promoter Holding 81.42%
Ranjan Ramdas Pai, Manipal Global Health Services, Memg International Ltd., Kangto Investments Pte.Ltd., Imperius Healthcare Investments Pte.Ltd. and Kabru Investments Pte.Ltd.

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Kotak Mahindra Capital Co.Ltd.  (Past IPO Performance)
  2. Axis Capital Ltd.  (Past IPO Performance)
  3. Goldman Sachs (India) Securities Pvt.Ltd.  (Past IPO Performance)
  4. Jefferies India Pvt.Ltd.  (Past IPO Performance)
  5. JP Morgan India Pvt.Ltd.  (Past IPO Performance)
  6. UBS Securities India Pvt.Ltd.  (Past IPO Performance)
  7. DBS Bank India Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Manipal Health Enterprises Ltd. Address
The Annexe,
#98/2, Rustom Bagh,
HAL Airport Road,
Bengaluru, Karnataka, 560017

IPO FAQs

Manipal Health Enterprises IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Manipal Health Enterprises IPO open and close dates are not available as of now.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Manipal Health Enterprises IPO using UPI as a payment gateway. Angel One customers can apply in Manipal Health Enterprises IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Manipal Health Enterprises IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Manipal Health Enterprises IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Manipal Health Enterprises IPO dates are not announced. Please check back again after some time.

Manipal Health Enterprises IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Manipal Health Enterprises IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Manipal Health Enterprises IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Manipal Health Enterprises IPO allotment status.

The Manipal Health Enterprises IPO listing date is not yet announced. The tentative date of listing is .

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