- Manipal Health Enterprises has set the IPO price band at ₹560-590 per share, valuing the company at over ₹77,600 crore at the upper end.
- The company has successfully raised ₹4,167 crore from anchor investors ahead of its ₹9,275 crore IPO, which is set to open on July 29.
- The IPO will consist of both a fresh issue and an offer for sale (OFS).
- The lot size for the IPO is 25 shares, requiring a minimum investment of ₹14,750 at the upper price band.
- The Grey Market Premium (GMP) for the IPO is currently between ₹13.5 to ₹15 per share, indicating a potential listing gain of about 2.29 to 2.54 percent.
- The shares are expected to be allotted on August 3, with a tentative listing date on August 5.
Manipal Health Enterprises Ltd is gearing up for its much-anticipated ₹9,275 crore initial public offering (IPO), set to open for public bidding on July 29. The price band has been fixed at ₹560-590 per share, valuing the company at over ₹77,600 crore at the upper end.12
The IPO comprises a fresh issue of 13.56 crore shares aggregating to ₹8,000 crore and an offer-for-sale of 2.16 crore shares by existing shareholders. Retail investors can bid for a minimum of one lot, which consists of 25 shares, requiring a minimum investment of ₹14,750 based on the upper price band.34
The public bidding will close on July 31, with share allotment expected to be finalized on August 3 and tentative listing on the BSE and NSE on August 5. The Grey Market Premium (GMP) for the IPO is currently between ₹13.5 to ₹15 per share, indicating a potential listing gain of approximately 2.29 to 2.54 percent over the upper price band.56
The company has raised ₹4,167 crore from anchor investors, including notable global entities like Abu Dhabi Investment Authority and Goldman Sachs Bank Europe. Funds from the IPO will be utilized for repaying borrowings and acquiring a minority stake in Sahyadri Hospitals Pvt. Ltd..
In its latest financial report, Manipal Health recorded a 26 percent year-on-year increase in total income, reaching ₹10,520.52 crore for the fiscal year ending March 31, 2026, although profit after tax saw a decline to ₹916.52 crore from ₹1,081.67 crore the previous year.
“The IPO aims to raise ₹9,275 crore, with a minimum investment of ₹14,000 required for retail investors. The company plans to utilize ₹5,378 crore from the fresh issue for repaying borrowings, while the Grey Market Premium suggests a modest listing gain of about 2.29 to 2.54 percent.”
theweek.in
