Manipal Health Enterprises IPO Price: ₹560 to ₹590 per share
IPO Dates: 29 to 31 Jul, 2026
Company Overview
Manipal Health Enterprises Limited is one of India’s healthcare service providers, operating a large network of multi-specialty hospitals, clinics, and diagnostic centres across the country. The company is part of the Manipal Group, founded by T. M. A. Pai.
As of September 30, 2025, the company operated 38 hospitals (48 hospitals on a pro forma basis) with 10,761 licensed beds (12,367 licensed beds on a pro forma basis). It also operated 17 clinics.
Business Operations
The company provides a comprehensive 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 supported by experienced medical professionals. The company also focuses on expanding access to healthcare through strategic acquisitions, partnerships, continuous investment in medical infrastructure, and digital health initiatives.
Market Position
Manipal Health is India’s largest multispecialty hospital group by bed capacity, with a pan-India presence and leadership across its three key regions.
The company is the only private hospital chain in India with leadership positions in the three metro cities of Bengaluru, Kolkata, and Pune, while also maintaining a balanced presence across metro and non-metro markets.
Competitive Strengths
- India’s largest multispecialty hospital group by bed capacity with a strong pan-India presence.
- Only private hospital network with leadership positions in Bengaluru, Kolkata, and Pune.
- Widely recognised healthcare brand and preferred network for patients, doctors, and healthcare professionals.
- Advanced healthcare infrastructure and medical equipment with a strong focus on clinical excellence.
- Proven track record of delivering industry-leading growth, supported by strong profitability and operational efficiency.
Bidding Starts In
Manipal Health Enterprises IPO Specifics:
| 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 |
Manipal Health Enterprises IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Wed, Jul 29, 2026 |
| IPO Close | Fri, Jul 31, 2026 |
| Allotment | Mon, Aug 3, 2026 |
| Refund | Tue, Aug 4, 2026 |
| Credit of Shares | Tue, Aug 4, 2026 |
| Listing | Wed, Aug 5, 2026 |
Manipal Health Enterprises IPO Lot Size
Bidders have the opportunity to bid for a minimum of 25 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Manipal Health Enterprises IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not less than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Manipal Health Enterprises IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 21,443.81 | 10,818.83 | 7,936.78 |
| Total Income | 9,409.12 | 6,265.17 | 4,927.57 |
| Profit After Tax | 534.80 | 533.20 | 414.20 |
| EBITDA | 2,455.03 | 1,596.98 | 1,228.24 |
| Net Worth | – | 4,029.22 | 3,325.29 |
Key Performance Indicator – Manipal Health Enterprises IPO
| KPI | Value |
|---|---|
| ROCE | 26.98% |
| RoNW | 18.16% |
| PAT Margin | 5.77% |
| EBITDA Margin | 26.65% |
| Price to Book Value | 11.59 |
| EPS (₹) | 7.67 |
| P/E (x) | 76.52 |
| Promoter Holding | 81.43% |
| Market Cap | ₹9,275.22 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Manipal Health Enterprises IPO DRHP
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