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Latest GMP
- Lead Manager
- Kotak Mahindra Capital Company Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 29th Jul 2026
- IPO Close Date
- 31st Jul 2026
- Allotment date
- 3rd Aug 2026
- Listing date
- 5th Aug 2026
- Issue Size
- ₹ 9275 Cr.
- Issue Price Band
- ₹ 560 to 590
- Lot Size
- 25 Share
- Minimum Investment
- ₹ 14750
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Manipal Health Enterprises Limited
Manipal Health Enterprises Limited is a leading healthcare service provider operating a large network of multi-speciality hospitals, clinics, and diagnostic centres across India. It is part of the Manipal Group, founded by T. M. A. Pai.
The 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 staffed by experienced medical professionals.
Manipal Health focuses on delivering quality, patient-centric care while expanding access to healthcare through strategic acquisitions, partnerships, and continuous investment in medical infrastructure and digital health initiatives.
Network & Capacity (as of September 30, 2025)
- Hospitals: 38 hospitals (48 on a pro forma basis)
- Licensed Beds: 10,761 (12,367 on a pro forma basis)
- Clinics: 17 clinics
Competitive Strengths
- India’s largest multispecialty hospital group by bed capacity with pan-India presence and leadership in three key regions
- 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 recognised 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Updated on N/A
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 27-07-2026 | ₹590 | ₹25 | ₹615 ( 4.24% ) | ₹625.00 | 27-Jul-2026 09:59 AM |
| 25-07-2026 | ₹590 | ₹22 | ₹612 ( 3.73% ) | ₹550.00 | 25-Jul-2026 02:39 PM |
Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.
Financials of Manipal Health Enterprises Limited
A quick overview of the key financial performance of Manipal Health Enterprises Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 26%, Profit after Tax (PAT) decreased by 15%, Total Assets increased by 77% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 6,265.17 | 8,362.79 | 10,520.52 |
| Assets | 10,818.83 | 14,072.08 | 24,864.50 |
| Profit After Tax | 533.20 | 1,081.67 | 916.52 |
| EBITDA | 1,776.60 | 2,247.07 | 2,795.94 |
| Net Worth | 4,029.22 | 5,865.66 | 8,440.92 |
| Reserves & Surplus | 3,953.59 | 5,788.60 | 8,204.96 |
| Total Borrowings | 3,943.98 | 4,766.83 | 10,553.43 |
Amount in ₹ Crore
IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
25
₹ 14,750
Retail (Max)
13
325
₹ 1,91,750
S-HNI (Min)
14
350
₹ 2,06,500
S-HNI (Max)
67
1,675
₹ 9,88,250
B-HNI (Min)
68
1,700
₹ 10,03,000
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹ 14,750 |
| Retail (Max) | 13 | 325 | ₹ 1,91,750 |
| S-HNI (Min) | 14 | 350 | ₹ 2,06,500 |
| S-HNI (Max) | 67 | 1,675 | ₹ 9,88,250 |
| B-HNI (Min) | 68 | 1,700 | ₹ 10,03,000 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROCE (%) | 21.88 |
| RoNW (%) | 10.57 |
| PAT Margin (%) | 8.87 |
| EBITDA Margin (%) | 27.05 |
| Price to Book Value | 8.13 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
7.77
6.97
|
| P/E (x) |
75.93
84.65
|
| Promoter Holding (%) |
81.43
72.08
|
| Market Cap | 77605.68 |
Disclaimer:
KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.
IPO Lead Manager(s)
Lead Manager Details
- Kotak Mahindra Capital Company Limited
- Contact Person: Ganesh Rane
- SEBI Registration Number: INM000008704
- Investor Grievance Email: kmccredressal@kotak.com
- Website: https://investmentbank.kotak.com
- Email: manipal.ipo@kotak.com
- Phone: +91 22 4336 0000
- Address: 27 BKC, 1st Floor, Plot No. C-27, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India
Lead Manager Details
- Axis Capital Limited
- Contact Person: Sagar Jatakiya
- SEBI Registration Number: INM000012029
- Investor Grievance Email: complaints@axiscap.in
- Website: https://www.axiscapital.co.in
- Email: manipalhospitals.ipo@axiscap.in
- Phone: +91 22 4325 2183
- Address: 1st Floor, Axis House, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra, India
Lead Manager Details
- Goldman Sachs (India) Securities Private Limited
- Contact Person: Achint Parmanandka / Siddhant Choudhary
- SEBI Registration Number: INM000011054
- Investor Grievance Email: india-client-support@gs.com
- Website: https://www.goldmansachs.com
- Email: gs-manipal@gs.com
- Phone: +91 22 6616 9000
- Address: 9th and 10th Floor, Ascent-Worli, Sudam Kalu Ahire Marg, Worli, Mumbai - 400025, Maharashtra, India
Lead Manager Details
- Jefferies India Private Limited
- Contact Person: Akshat Shah / Saiyam Sanghvi
- SEBI Registration Number: INM000011443
- Investor Grievance Email: jipl.grievance@jefferies.com
- Website: https://www.jefferies.com
- Email: Manipal.IPO@jefferies.com
- Phone: +91 22 4356 6000
- Address: Level 16, Express Towers, Nariman Point, Mumbai - 400021, Maharashtra, India
Lead Manager Details
- J.P. Morgan India Private Limited
- Contact Person: Darshil Mehta
- SEBI Registration Number: INM000002970
- Investor Grievance Email: investorsmb.jpmipl@jpmorgan.com
- Website: https://www.jpmipl.com
- Email: Manipal_Hospitals_IPO@jpmorgan.com
- Phone: +91 22 6157 3000
- Address: J.P. Morgan Tower, Off CST Road, Kalina, Santacruz East, Mumbai - 400098, Maharashtra, India
Lead Manager Details
- UBS Securities India Private Limited
- Contact Person: Devendra Sethia
- SEBI Registration Number: INM000013101
- Investor Grievance Email: igmbindia@ubs.com
- Website: https://www.ubs.com/indiaoffers
- Email: ol-manipalhospitalsipo@ubs.com
- Phone: +91 22 6233 6019
- Address: Level 29, Altimus, Dr. G.M. Gokhale Marg / Pandurang Budhkar Road, Worli, Mumbai - 400018, Maharashtra, India
Lead Manager Details
- DBS Bank India Limited
- Contact Person: Sanjog Kusumwal / Rutvik Pawgi
- SEBI Registration Number: INM000012892
- Investor Grievance Email: investor.grievance@dbs.com
- Website: https://go.dbs.com/ipo
- Email: Manipal.IPO@dbs.com
- Phone: +91 44 6632 8000
- Address: Ground Floor, Express Towers, Nariman Point, Mumbai - 400021, Maharashtra, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- manipal.ipo@kfintech.com
- Phone
- +91 40 6716 2222 / 1800 309 4001
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai - 400070, Maharashtra, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Manipal Health Enterprises Limited
- Phone
- +91 80 4936 0300
- Contact Person
- Sathish Kolar Ramamoorthy
- Corporate Identity Number
- U85110KA2010PLC052540
- Address
- The Annexe, #98/2, Rustom Bagh, HAL Airport Road, Bengaluru - 560017, Karnataka, India
Manipal Health Enterprises Limited FAQs
The Manipal Health Enterprises Limited IPO is a MAIN IPO with a total issue size of
₹ 9275 crores.
The IPO price band is fixed at
₹560 to ₹ 590 per share,
and the minimum lot size is
25 Shares.
The Manipal Health Enterprises Limited IPO will open on
29th Jul 2026,
and will close on
31st Jul 2026.
KFin Technologies Limited has been appointed as the registrar for the issue.
The equity shares are proposed to be listed on NSE,BSE.
The Manipal Health Enterprises Limited IPO opens on 29th Jul 2026 and closes on 31st Jul 2026.
The Manipal Health Enterprises Limited IPO lot size is 25 Share, and the minimum amount required for application is ₹ 14750.
You can apply for the Manipal Health Enterprises Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account.
To apply online, log in to your broker’s platform, select Manipal Health Enterprises Limited IPO, enter the number of lots, choose your price within the price band, and submit the application.
After submitting, approve the UPI mandate to block the required amount in your bank account.
Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.
The Manipal Health Enterprises Limited IPO listing date is 5th Aug 2026.
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