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IPO Open

Wed, Jul 29, 2026

IPO Close

Fri, Jul 31, 2026

Price Band

₹560 to ₹590

Market Cap (Pre-IPO)

₹77,605.68 Cr

IPO Details

  • IPO Date
    29 to 31 Jul, 2026
  • Listing Date
    Wed, Aug 5, 2026
  • Face Value
    ₹2 per share
  • Price Band
    ₹560 to ₹590
  • Lot Size
    25 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Employee Discount
    ₹56.00
  • Total Issue Size
    15,72,07,054 shares (agg. up to ₹9,275 Cr)
  • Fresh Issue
    13,55,93,220 shares (agg. up to ₹8,000 Cr)
  • Offer for Sale
    2,16,13,834 shares of ₹2 (agg. up to ₹1,275 Cr)
  • Share Holding Pre Issue
    1,17,97,57,321 shares
  • Share Holding Post Issue
    1,31,53,50,541 shares

IPO Timetable (Tentative)

  • IPO Open
    Wed, Jul 29, 2026
  • Allotment
    Mon, Aug 3, 2026
  • Credit of Shares
    Tue, Aug 4, 2026
  • IPO Close
    Fri, Jul 31, 2026
  • Refund
    Tue, Aug 4, 2026
  • Listing
    Wed, Aug 5, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not less than 75% of the Net Offer
Retail Shares Offered Not more than 10% of the Net Offer
NII Shares Offered Not more than 15% of the Net Offer

IPO Lot Size

Investors can bid for a minimum of 25 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 25 ₹14,750
Retail (Max) 13 325 ₹1,91,750
S-HNI (Min) 14 350 ₹2,06,500
S-HNI (Max) 67 1,675 ₹9,88,250
B-HNI (Min) 68 1,700 ₹10,03,000

Investor Category Reservations

Category Limit Cut-off
RII Up to ₹2 Lakhs Yes
sNII ₹2 Lakhs – ₹10 Lakhs No
bNII Above ₹10 Lakhs No
Employee (EMP) Up to ₹5 Lakhs Yes
Employee + RII/NII Up to ₹5Lakhs (EMP) + RII/NII limits Yes (EMP/RII)

About Manipal Health Enterprises Ltd.

Incorporated in 2010, 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.vThe 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 March 31, 2026, the company operated 49 hospitals with 13,037 licensed beds. They are operating 21 clinics as of March 31, 2026.

As of March 31, 2026, the company had 24,240 full-time employees across its hospitals and corporate functions. The workforce comprised 11,048 nurses, 6,362 paramedics, and 6,830 administrative employees, supporting its healthcare operations and patient services.

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

Recently Listed IPOs in Hospital

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Hannah Joseph Hospital Ltd. SME ₹42.00 Cr ₹70 16.21 ₹68.25 -2.50% ₹108.00 (+1.74%)

 

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
    5,552.76
  • 2 Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited
    574.00
  • 3 General corporate purposes
  • Total
    6,126.76

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROCE 21.88%
RoNW 10.57%
PAT Margin 8.87%
EBITDA Margin 27.05%
Price to Book Value 8.13
Check IPO Peer Comparison here.
Pre IPO Post IPO
EPS (₹) 7.77 6.97
P/E (x) 75.93 84.65
Promoter Holding 81.43%
Market Cap ₹77,605.68 Cr.
Ranjan Ramdas Pai, Manipal Global Health Services, Memg International Ltd., Kangto Investments Pte.Ltd., Imperius Healthcare Investments Pte.Ltd., Kabru Investments Pte.Ltd.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

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 15,72,07,054 equity shares of the face value of ₹2 aggregating up to ₹9,275 Crores. The issue is priced at ₹560 to ₹590. The minimum order quantity is 25.

The IPO opens on Wed, Jul 29, 2026, and closes on Fri, Jul 31, 2026.

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 opens on Wed, Jul 29, 2026 and closes on Fri, Jul 31, 2026.

Manipal Health Enterprises IPO lot size is 25, and the minimum amount required for application is ₹14,750.

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 Monday, August 3, 2026, and the allotted shares will be credited to your demat account by Tue, Aug 4, 2026. 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 Wed, Aug 5, 2026.

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