Manipal Health IPO Plans Price Band ₹560-₹590

Business

Manipal Health IPO Plans Price Band ₹560-₹590

16 sourcesUpdated Jul 24, 2026

Manipal Health Enterprises, backed by Temasek and Dr Ranjan Pai, is launching a ₹9,275 crore IPO on July 29, with the offer closing July 31. The issue comprises a fresh equity issue of ₹8,000 crore and an offer-for-sale of 2.16 crore shares worth ₹1,275.2 crore. The price band is ₹560-₹590 per share, valuing the company at around ₹77,607 crore and positioning it as one of the year's largest healthcare listings. Proceeds are earmarked for deleveraging—prepaying borrowings—and for expansion, including a minority stake acquisition in Sahyadri Hospitals. The offer includes an anchor book opening July 28 for qualified investors, with allotments expected by early August and a market debut around August 5. Manipal Hospitals operates about 49 hospitals with over 12,600 beds, making it one of India's largest multispecialty hospital networks.

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Last updatedJul 24, 2026

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Left· 1 source

“Manipal Health Seeks to Raise Up to $960 Million in India IPO”

Bloomberg · Jul 24, 2026

Center· 2 sources

“Temasek-backed Manipal Health seeks $8 billion valuation in India IPO”

MarketScreener · Jul 24, 2026

Right· 2 sources

“Manipal Health IPO targets $8 billion valuation”

The Straits Times · Jul 24, 2026

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