Manipal Health IPO: ₹9,273 Cr Raise Opens July 29

Manipal Health IPO subscription commenced on July 29, 2026, seeking to raise approximately ₹9,273.64 crores. The initial public offering is scheduled to conclude its subscription period on July 31, 2026.

Key IPO Details

The price band for the equity shares has been fixed between ₹560 and ₹590 per share. Investors are required to apply for a minimum market lot of 25 shares, which translates to an application amount of ₹14,750.

The IPO structure allocates 10% of the shares to retail investors, with 75% designated for Qualified Institutional Buyers (QIB). Non-Institutional Investors (NII) will receive the remaining 15% of the offering.

Company Overview

Manipal Health Enterprises Limited, an integral part of the Manipal Group, stands as a significant healthcare provider across India. The company emphasizes delivering quality patient care and ensuring accessibility to its extensive medical services.

As of September 30, 2025, the enterprise manages a network of 38 hospitals, which expands to 48 on a pro forma basis. These facilities collectively house 10,761 beds, or 12,367 licensed beds on a pro forma calculation, complemented by 17 clinics.

Their comprehensive services span a broad spectrum of medical specialties. These include organ transplants, oncology, cardiology, neurology, orthopaedics, and various preventive healthcare programs.

Investment Outlook

IPO Watch recommends that potential investors consider applying for the Manipal Health IPO from a long-term investment perspective. They also advise reviewing the QIB, NII, and Retail subscription figures before finalizing investment decisions.

This Mainboard IPO will see its equity shares listed on both the BSE and NSE, providing broad market access for investors.