Manipal Health Enterprises Ltd IPO

Manipal Health Enterprises Ltd IPO

Healthcare

mainboard

Bidding period

29 Jul 2026 - 31 Jul 2026

Bid price

₹560.00 - ₹590.00

Listing on

BSE, NSE

Listing date

05 Aug 2026

Lot size

25 shares

Issue size

₹9,275.22 crore


Minimum investment

₹14,750.00 / 1 lot

Maximum investment

₹1,91,750.00 / 13 lot

Bidding closed on 31 Jul 2026

Open Demat Account
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Manipal Health Enterprises Ltd IPO dates

IPO opening date

29 Jul 2026

IPO end date

31 Jul 2026

Allotment date

03 Aug 2026

Initiation of refunds

04 Aug 2026

Credit of shares to demat

04 Aug 2026

IPO listing date

05 Aug 2026

Manipal Health Enterprises Ltd IPO financials

Particulars

For the period ending in March 2026 (in ₹ million)

Total assets ₹24,864.50
Total liabilities ₹24,864.50
Total expenditure ₹9,268.42
Total revenue ₹10,520.52
Profit after tax ₹892.32
EBITDA ₹2,721.87
Adjusted EBITDA ₹0.00

Manipal Health Enterprises Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 81.86 70.9
Public group 18.14 29.1

Manipal Health Enterprises Ltd strengths and risks

Information currently unavailable

  • India's largest multispecialty hospital group by bed capacity with pan-India presence and leadership in our three key regions.

  • We are 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.

  • Repeatable playbook for integrating and scaling transformative acquisitions to improve access to quality healthcare.

  • Experienced leadership team with marquee institutional shareholder support.

  • A substantial number of the company's hospitals is located in Karnataka. Its derived 46.40%, 51.55%, and 59.98%, of the company's revenue from operations in Fiscals 2026, 2025 and 2024, respectively, from its hospitals in Karnataka. Any loss of business or disruption in the operations of these hospitals or geopolitical or policy changes in Karnataka could have a material adverse effect on the company's business, financial condition, results of operations, cash flows and prospects.

  • The company primarily generates revenue by providing inpatient care at its hospitals. Any inability to maintain or improve the company's admissions and hospital occupancy rates could adversely affect its business, financial condition, results of operations, cash flows and prospects.

  • The company derived 64.30%, 62.56% and 61.55% of its gross inpatient revenue from cardiac sciences, oncology, neurosciences, gastro sciences, orthopaedics, and renal sciences ("CONGO-R") specialties in Fiscals 2026, 2025 and 2024, respectively, and any negative changes in the demand for these specialties could adversely impact the company's business, results of operations and financial condition.

  • A portion of the Net Proceeds is proposed to be utilized for repayment or prepayment of certain borrowings in the nature of Non-Convertible Debentures issued by one of the company's Subsidiaries to DBS Bank Ltd., which is the parent company of DBS Bank India Limited, which is deemed to be an "Associate" of Imperius Healthcare Investments Pte. Ltd. (one of its Promoters and Selling Shareholders) in terms of Regulation 21A of SEBI Merchant Bankers Regulations.

  • Acquisitions, strategic investments, partnerships or alliances may be difficult to identify, acquires and integrate, and may adversely affect the company's business, financial condition, results of operations, cash flows and prospects.

  • The company is exposed to legal claims and regulatory actions arising from the provision of healthcare services which includes claims arising out of alleged medical negligence by its doctors and other healthcare professionals and may be subject to liabilities arising from operational and equipment-related risks, which could materially and adversely affect the company's reputation, business, financial position, and results of operations. Further, quarantines and sterilizations could limit the operations of hospitals and result in reputational damage.

  • Any failures to maintain and enhance the company's brand and reputation, and any negative publicity and allegations in the media against its, may adversely affect the level of trust in the company's services and market recognition, which could have an adverse impact on its business, financial condition, results of operations, cash flows and prospects.

  • The company is required to obtain, renew and maintain statutory and regulatory permits, licenses and accreditations and comply with prescribed quality standards. Any regulatory changes or violations of such rules and regulations, or failures to obtain or renew approvals, licenses, registrations and permits to operates the company's business or comply with prescribed quality standards in a timely manner, or at all, may adversely affect its business, financial condition, results of operations, cash flows and prospects.

  • The company's operations involve the generation and handling of bio-medical waste and are subject to pollution control laws and regulations. Any failures to comply with applicable bio-medical waste management and pollution control laws and regulations could adversely affect the company's business, results of operations, financial condition and cash flows.

  • The company derived 49.68%, 49.18% and 49.45% of its gross inpatient revenue from insurance and third-party administrators in Fiscals 2026, 2025 and 2024, respectively. Termination, non-renewal, delay or difficulties in collection or any breach of the conditions of the company's contracts with insurance and third-party administrators, as well as from government and other non-cash payors, could have a material adverse impact on its business, financial condition, results of operations, cash flows and prospects.

Manipal Health Enterprises Ltd IPO registrar

KFin Techologies Ltd

Phone number 91 40 67162222/180 03094001
E-mail ID manipal.ipo@kfintech.com
Website www.kfintech.com

Manipal Health Enterprises Ltd IPO reservation

QIB shares offered

4,70,85,844 (29.95%)

NII (HNI) shares offered

2,35,42,924 (14.98%)

Retail shares offered

1,56,95,281 (9.98%)

Anchor investor shares offered

7,06,28,770 (44.93%)

Total shares offered

15,72,07,056

Total shares with anchor investor

15,72,07,056

Manipal Health Enterprises Ltd IPO lead manager

  • Kotak Mahindra Capital Company Limited
  • Axis Capital Limited
  • Goldman Sachs (India) Securities Private Limited
  • Jefferies India Private Limited
  • J.P. Morgan India Private Limited
  • UBS Securities India Private Limited
  • DBS Bank India Limited

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
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Frequently asked questions

What is the listing date for the Manipal Health Enterprises Ltd IPO?

The listing date for the Manipal Health Enterprises Ltd IPO is 05 Aug 2026.

What is the issue size of Manipal Health Enterprises Ltd IPO?

The issue size of the Manipal Health Enterprises Ltd IPO is ₹9,275.22 cr.

What is the minimum lot size needed for Manipal Health Enterprises Ltd IPO?

The minimum lot size for Manipal Health Enterprises Ltd IPO is 25

When does the Manipal Health Enterprises Ltd open and close?

Manipal Health Enterprises Ltd IPO is open from 29 Jul 2026 to 31 Jul 2026.

How can I apply for the Manipal Health Enterprises Ltd IPO?

To apply for the Manipal Health Enterprises Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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