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BSE, NSE
Manipal Health Enterprises Ltd
Listed
Incorporated in 2010, Manipal Health Enterprises Limited is a healthcare service providers, operating a large network of multi-specialty hospitals, clinics, and diagnostic centres across the country.
Issue details
Price band
₹560 – ₹590
Face value
₹2
Lot size
25 shares
Minimum investment
₹14,750
Issue size
₹9275.22 Cr
Fresh issue
₹8000.22 Cr
Offer for sale
₹1275.00 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
29 Jul 2026
Closes
31 Jul 2026
UPI mandate cut-off
5:00 PM on 31 Jul 2026
Allotment
3 Aug 2026
Refunds
4 Aug 2026
Shares in demat
4 Aug 2026
Listing
5 Aug 2026
Subscription and listing
Subscription
3.27x
Listing price
₹652
Registrar
Kfin Technologies Ltd
Lead manager
Kotak Mahindra Capital Co., Axis Capital, Goldman Sachs (India) Securities, Jefferies India, JP Morgan India, UBS Securities India, DBS Bank India
Subscription by category
Total
3.27x
Total applications
3,38,481
Anchor investors
Amount raised
₹4,167.10 Cr
Bid date
28 Jul 2026
50% lock-in ends
1 Sep 2026
Rest lock-in ends
31 Oct 2026
Listing day
Issue price
₹590
Open
₹652.00
High
₹675.80
Low
₹635.00
Day close
₹666.95
Listing gain at open
+10.51%
Issue structure
Shares reserved per category and share of the total issue
QIB
11,77,14,614
74.87%
Anchor Investor
7,06,28,768
44.92%
QIB (Ex. Anchor)
4,70,85,846
29.95%
NII
2,35,42,922
14.97%
bNII > ₹10L
1,56,95,282
9.98%
sNII < ₹10L
78,47,640
4.99%
Retail
1,56,95,281
9.98%
Employee
2,80,898
0.18%
Total
15,72,33,715
100.00%
Finaccle’s quick read
Avoid
FY26 income up 26%, PAT down 15%, post-issue P/E 84.65x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 2010, Manipal Health Enterprises Limited is a healthcare service providers, operating a large network of multi-specialty hospitals, clinics, and diagnostic centres across the country. It is part of the Manipal Group, founded by T. M. A. Pai.vThe company offers a wide 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 staffed by experienced medical professionals.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
—
ROCE
21.88%
Debt / equity
—
PAT margin
8.87%
P/E post issue
84.65
Market cap
₹77,605.68 Cr
Use of IPO money
Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the Material Subsidiaries, Manipal H
₹5552.76 Cr
Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited
₹574.00 Cr
General corporate purposes
₹1628.93 Cr
Issue Expenses
₹283.24 Cr
Strengths
✓
Revenue up 26% in FY26 to ₹10,520.52 Cr
Risks to watch
!
PAT fell 15% in FY26
!
Rich valuation: post-issue P/E of 84.65x
!
Modest PAT margin of 8.87%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.