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Manipal Health Enterprises Ltd.

BSE
ListedListed on 5 Aug 2026+11.0%

₹560–590

₹ 5,315 Cr

25 Shares

₹ 14,000

₹2

Financial Summary

Consolidated(in ₹ million)
ParticularsFY 2025-26FY 2024-25
1,03,357.5182,422.5
1,847.651,573.89
1,05,205.1683,996.39
77,245.7961,525.69
11,780.312,423.14
9,165.1910,816.72

Subscription Details

4.92xTotal
Subscription
0.93x
1.02x
8.25x
2.19x

IPO Timeline

IPO Offer Start

29 Jul 2026

IPO Offer Ends

31 Jul 2026

5 Aug 2026

Use of Proceeds

#PurposeAmount (₹ Million)
1Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interes55,527.59
2Acquisition of minority stake in our stepdown Subsidiary, Sahyadri Hospitals Private Limited5,740
3General corporate purposes16,289.28

Promoters

Ranjan Ramdas PaiManipal Global Health ServicesMemg International Ltd.Kangto Investments Pte. LtdImperius Healthcare Investments Pte. LtdKabru Investments Pte. Ltd

Book Running Lead Managers

Kotak Mahindra Capital Co LtdAxis Capital Ltd.Goldman Sachs (India) Securities Pvt LtdJefferies India Pvt Ltd.JP Morgan India Pvt LtdUBS Securities India Pvt LtdDBS Bank India Ltd.

Promoter Shareholding

Pre-IPO

81.43%

Promoter stake

Post-IPO

72.08%

Promoter stake

Offered to Public

9,00,88,286

shares

Post Share Capital

94,81,76,081

shares

About the Company

We operate a pan-India network of multispecialty hospitals delivering a comprehensive range of care services—from outpatientservices to complex tertiary and quaternary interventions. As of September 30, 2025, we operated 38 hospitals (48 hospitals ona pro forma basis) with 10,761 licensed beds (12,367 licensed beds on a pro forma basis) across 14 states and union territories.We have the widest footprint in terms of presence of hospitals among private hospital chains in India as of September 30, 2025(Source: CRISIL Report). For details, see “—Our Hospitals and Facilities” on page 238. We are the largest pan-Indiamultispecialty hospital network by bed capacity and the second largest hospital chain by number of hospitals as of September30, 2025 (Source: CRISIL Report). In November 2025, we commenced operations at our 49th hospital in Bengaluru (Karnataka),which increased our licensed bed capacity to 12,631 licensed beds as of December 31, 2025. For Fiscal 2025, we reported thesecond-highest revenue from operations of ₹92,635.56 million (on a pro forma basis) among private hospital chains in India,and reported the third-highest revenue from operations of ₹82,422.50 million, among private hospital chains in India

Use of Proceeds

1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed byone of our Material Subsidiaries, namely, Manipal Hospitals Private Limited;2. Acquisition of minority stake in our stepdown Subsidiary, Sahyadri Hospitals Private Limited; and3. General corporate purposes