Manipal Health Enterprises Limited
ListedHealthcare · Mainboard IPO · INE459N01021
Price band
₹560 – ₹590
Lot size
25 shares
Min. investment
₹14,750
Issue size
₹9,275 Cr
Face value
₹2
Registrar
Kfin Technologies Ltd.
Issue timeline
Bidding opens
29 Jul 2026
Bidding closes
31 Jul 2026
Allotment
03 Aug 2026
Listing
05 Aug 2026
Final subscription
5.12x
overall
3,59,936
applications
₹26,147 Cr
bid value
| Category | Sub. (x) | Offered | Bid for | ₹ Cr* |
|---|---|---|---|---|
| Qualified Institutional (QIB) | 8.54x | 4,70,85,844 | 40,21,59,425 | 23,727 |
| Non-Institutional >₹10L (bNII) | 1.13x | 1,56,95,282 | 1,76,78,100 | 1,043 |
| Non-Institutional ₹2–10L (sNII) | 0.94x | 78,47,641 | 73,61,575 | 434 |
| Retail (RII) | 0.98x | 1,56,95,282 | 1,53,26,300 | 904 |
| Employees | 2.32x | 2,80,899 | 6,50,450 | 38 |
| Total | 5.12x | 8,66,04,947 | 44,31,75,850 | 26,147 |
Combined NSE + BSE subscription, sourced from the exchanges and updated periodically. * bid value approx (shares bid × cut-off price). Final subscription confirmed after the issue closes.
About the company
Manipal Health Enterprises Limited is a healthcare service provider, 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.
Issue details
Issue size
₹9275 Cr
Fresh issue
₹8,000 Cr
Offer for sale
₹1,275 Cr
Industry
Healthcare
Promoter holding (pre)
81.43%
Promoter holding (post)
72.08
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 6,265.17 | 8,362.79 | 10,520.52 |
| EBITDA | 1,776.60 | 2,247.07 | 2,795.94 |
| Profit after tax | 533.20 | 1,081.67 | 916.52 |
| Net worth | 4,029.22 | 5,865.66 | 8,440.92 |
| Total assets | 10,818.83 | 14,072.08 | 24,864.50 |
| Total borrowing | 3,943.98 | 4,766.83 | 10,553.43 |
Objects of the issue
- 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
- Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited
- General corporate purposes
Strengths
- India’s largest multispecialty hospital group by bed capacity with pan-India presence and leadership in three key regions.
- 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 metrics.
Risks
- The healthcare industry is highly regulated, and changes in regulations could impact operations.
- Competition from other healthcare providers may affect market share and profitability.
- Dependence on key management personnel and skilled healthcare professionals.
- Economic downturns may affect patient volumes and revenue.
Documents
Calculate your bid
At cut-off price ₹590
Lots
1
- Shares
- 25
- Amount
- ₹14,750
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login