Manipal Health Enterprises, a multispecialty hospital operator, is launching its initial public offering (IPO) on July 29, with a total issue size of ₹9,275 crore. The offering includes a fresh issue of 13.56 crore shares and an offer for sale (OFS) of 2.16 crore shares, according to livemint.com.
The IPO combines new equity shares issued by the company and shares sold by existing shareholders through the OFS route. The fresh issue will help Manipal Health Enterprises raise capital for expansion and debt reduction, while the OFS provides liquidity to current investors. The subscription window opens on July 29, with the price band and other details disclosed ahead of the launch.
This IPO is one of the largest in the healthcare sector this year, reflecting growing investor interest in hospital chains amid rising healthcare demand in India. The combination of fresh issuance and OFS is a common structure for large IPOs, balancing capital raising with shareholder exits. The grey market premium has shown subdued activity, indicating cautious investor sentiment ahead of the subscription.
Subscription for Manipal Health Enterprises' IPO begins on July 29, with the issue closing on August 2. The company and its shareholders will disclose final allotment details after the close, marking a key milestone for the hospital operator in accessing public capital markets.