Manipal Health Enterprises Limited
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Manipal Health Enterprises Limited's completed its IPO journey with a successful listing on NSE, BSE on Aug 05, 2026. The public offering mobilized 15,72,33,715 Shares in total capital, comprising 13,56,19,881 Shares in fresh equity and ₹1275.22 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹560 to ₹590, with minimum application lots of 25 shares. Investor participation during the Jul 29, 2026 to Jul 31, 2026 subscription window determined the final allocation pattern.
The basis of allotment was announced on Aug 03, 2026, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Manipal Health Enterprises Limited is a leading healthcare service provider in India and part of the Manipal Group, founded by T. M. A. Pai, operating a wide network of multi-specialty hospitals, clinics, and diagnostic centers across the country. The company offers a broad range of medical services including tertiary and quaternary care, organ transplants, oncology, cardiology, neurology, orthopaedics, and preventive healthcare, supported by advanced technology and experienced medical professionals. It focuses on delivering quality, patient-centric care while expanding its reach through acquisitions, partnerships, and investments in infrastructure and digital health. As of September 30, 2025, the company operated 38 hospitals (48 on a
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Advanced Healthcare Infrastructure: The company operates modern hospitals equipped with advanced medical technology, providing high-quality healthcare services across multiple specialties.
- Experienced Leadership Team: It is led by an experienced management team with strong institutional backing, supporting stable operations and long-term growth.
- Strong Presence in Key Cities: The company has a leading position in major markets such as Bengaluru, Kolkata, and Pune, supported by a well-balanced hospital network across India.
- Dependence on Inpatient Revenue: A large portion of the company's revenue comes from inpatient services. Lower patient admissions or occupancy levels may affect revenue and profitability.
- Healthcare & Regulatory Risk: The company operates in a highly regulated industry and may face legal, operational, or regulatory challenges that could impact business performance.
- Medical Negligence Risk: Claims related to treatment quality, medical negligence, pricing disputes, or healthcare services could lead to legal liabilities and reputational damage.
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