The Manipal Health anchor lock-in ends on 1 November 2026. That is the 90-day lock-in, so the remaining anchor shares become free to trade. The anchors had put in ₹4,167.10 crore before the issue opened.
Free to trade does not mean the anchors will sell. It only means they are allowed to. 1 November is a Sunday, so the first trading day is 2 November.
What is ending on 1 November?
Anchor investors are big institutions that bid a day before an IPO opens. Their shares are locked in for a fixed time. Half of the anchor shares were freed after 30 days. The other half stays locked for 90 days from the basis of allotment on 3 August.
| Detail | Figure |
|---|---|
| Anchor money raised | ₹4,167.10 crore |
| Number of anchor investors | 131 |
| Issue size | ₹9,275.22 crore |
| Issue price | ₹590 |
| Listing price (5 August) | ₹652 |
| Latest price in our records | ₹638.80 |
| Lock-in ends | 1 November 2026 |
The anchor book was about 45% of the whole issue. That is a large share, so the second lock-in matters more here than for a typical IPO.
Where is the share price now?
The shares listed at ₹652, which was 10.5% above the issue price. The latest price in our records is ₹638.80. That is about 8% above the issue price of ₹590.
Anchors were allotted shares at ₹590. Anyone holding from the anchor round is sitting on a gain at this price, so the picture is different from IPOs whose anchors are below their cost.
What our data shows
At ₹9,275.22 crore, this is the fourth largest mainboard IPO of 2026 in our records. Its lock-in sits in a busy week, as Juniper Green Energy and MV Electrosystems have their 90-day lock-ins end on 2 November.
About the company
Manipal Health Enterprises runs 49 hospitals with 13,037 licensed beds across 14 states and union territories, as of 31 March 2026. We first covered its plans in May, when it was lining up a $1 billion IPO.
Profit after tax for FY26 was ₹916.52 crore, down from ₹1,081.67 crore in FY25. Total income grew to ₹10,520.52 crore from ₹8,362.79 crore.
What happens next
The lock-in ends on 1 November, and trading in the freed shares can begin on 2 November. You can see the full record on the Manipal Health Enterprises IPO page. To compare how other big IPOs have done since listing, see the IPO performance page.
