Manipal Health Enterprises IPO — Date, Price Band, GMP & Allotment 2026
Manipal Health Enterprises Limited is India's largest multi-specialty hospital chain by bed capacity, operating 49 hospitals with 13,037 licensed beds and 21 clinics across 14 states and union territories as of March 31, 2026.
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Stock Price
As the IPO is listed, here is the Live Share Price for Manipal Health Enterprises
IPO Summary
What is the Manipal Health Enterprises IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 29 Jul, 2026 | Wednesday |
| IPO Close Date | 31 Jul, 2026 | Friday |
| Basis of Allotment | 03 Aug, 2026 | Monday |
| Refunds Initiated | 04 Aug, 2026 | Tuesday |
| Credit to Demat | 04 Aug, 2026 | Tuesday |
| Listing Date | 05 Aug, 2026 | Wednesday |
What is the Manipal Health Enterprises IPO Lot Size?
Bidding in multiples of 25 shares.
| 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 | 1675 | ₹9,88,250 |
| B-HNI (Min) | 68 | 1700 | ₹10,03,000 |
About Manipal Health Enterprises
Manipal Health focuses on delivering quality, patient-centric care and expanding access to healthcare through strategic acquisitions, partnerships and continuous investment in medical infrastructure and digital health initiatives. As of March 31, 2026, the company operated 49 hospitals with 13,037 licensed beds across 14 states and union territories, along with 21 clinics.
As of March 31, 2026, the company had 24,240 full-time employees across its hospitals and corporate functions, comprising 11,048 nurses, 6,362 paramedics and 6,830 administrative employees.
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Manipal Health Enterprises Key Performance Indicators (KPIs)
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the Material Subsidiaries, Manipal Hospitals Private Limited | 5,552.76 |
| Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited | ₹574.00 Cr. |
| General corporate purposes |
Strengths & Risks
Strengths
- ✓ India's largest multi-specialty hospital group by bed capacity, with a pan-India presence and leadership in its 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 industry-leading growth with strong profitability and efficiency metrics, with FY26 ROCE of 21.88% and EBITDA margin of 27.05%.
Risks
- ⚠ Valuation is rich - the issue is priced at about 85 times post-issue FY26 earnings, against a listed peer average of about 70 times.
- ⚠ Profit after tax fell about 15% in FY26 to Rs 916.52 crore even as revenue grew about 25%, on higher employee, finance and depreciation costs.
- ⚠ Total borrowings more than doubled to Rs 10,553.43 crore in FY26 and net debt to adjusted EBITDA rose to 3.74x from 2.00x.
- ⚠ Around Rs 1,275.22 crore of the issue is an Offer for Sale, and those proceeds go to the selling shareholders, not to the company.
- ⚠ Growth has relied on acquisitions such as Sahyadri Hospitals, carrying integration, goodwill and execution risk.
- ⚠ Healthcare is a highly regulated sector, subject to clinical, accreditation and price-regulation risks.
Company Financials
The Manipal Health Enterprises company's financial performance (in ₹ Cr.) is summarized below:
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 24,864.50 | 14,072.08 | 10,818.83 |
| Total Income | 10,520.52 | 8,362.79 | 6,265.17 |
| Profit After Tax | 916.52 | 1,081.67 | 533.20 |
| EBITDA | 2,795.94 | 2,247.07 | 1,776.60 |
| NET Worth | 8,440.92 | 5,865.66 | 4,029.22 |
| Reserves and Surplus | 8,204.96 | 5,788.60 | 3,953.59 |
| Total Borrowing | 10,553.43 | 4,766.83 | 3,943.98 |
See how this IPO compares — view listing performance of all mainboard IPOs.
IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB | 11,77,14,614 shares (75.00% of the Offer) |
| NII | 2,35,42,922 shares (15.00% of the Offer) |
| Retail | 1,56,95,281 shares (10.00% of the Offer) |
| Employee | 2,80,898 shares (0.18% of the Offer) |
Promoters and Shareholding Details
Ranjan Ramdas Pai, Manipal Global Health Services, Memg International Ltd., Kangto Investments Pte.Ltd., Imperius Healthcare Investments Pte.Ltd., Kabru Investments Pte.Ltd.
Promoters held 82,42,75,155 shares (69.86%) and the Promoter Group a further 14,15,01,789 shares (12.00%) before the issue. In the OFS, Imperius Healthcare Investments Pte. Ltd. (Promoter) is offering up to 1,08,08,861 shares and Manipal Education and Medical Group India Private Limited (Promoter Group) up to 67,92,002 shares. Post-issue promoter holding works out to about 61.84%, and Promoter plus Promoter Group to about 72.09%, of the 1,31,53,50,541 post-issue shares.
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 69.86% |
| Promoter Holding Post Issue | 61.84% |
Frequently Asked Questions
What is the GMP of Manipal Health Enterprises?
The current Grey Market Premium (GMP) of Manipal Health Enterprises is ₹ 3.
What is the Manipal Health Enterprises IPO Price Band?
The price band for Manipal Health Enterprises IPO is ₹560 to ₹590.
When is the Manipal Health Enterprises IPO Allotment?
The allotment date for Manipal Health Enterprises IPO is August 3, 2026.
How to check Manipal Health Enterprises IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (KFin Technologies Limited).
Official Documents
Company Contact Details
Manipal Health Enterprises
The Annexe, #98/2, Rustom Bagh, HAL Airport Road, Bengaluru, Karnataka - 560017
+91 80 4936 0300
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