Manipal Health IPO Plans Price Band ₹560-₹590
Temasek-backed Manipal Health Enterprises is launching a roughly Rs 9,275 crore IPO with a price band of Rs 560-590 per share, valuing the hospital group at about Rs 77,607 crore and opening for subscription on July 29 for three days. Proceeds will be used to deleverage and fund growth, including prepaying borrowings and acquiring a minority stake in Sahyadri Hospitals, with an offer-for-sale by existing shareholders as part of the issue.
Business · 16 sources · Jul 24, 2026Read itThe journal
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About Ranjan Pai
Ranjan Pai is an Indian medical doctor, businessperson, founder and the chairman of the Manipal Education and Medical Group (MEMG), which runs seven universities and twenty nine hospitals across the globe. As of November 2025, he is ranked 1305 in the list of the richest people in the world, with a net worth of US$2.8 billion.
Everything about Ranjan Pai →- Occupation
- businessperson, physician
- Citizenship
- India
- Born
- November 11, 1972