Manipal Health IPO Details
Manipal Health IPO Review & Key Points
- Review: May Apply
Manipal Health IPO Market Lot
The Manipal Health Enterprises IPO minimum market lot is 25 shares with ā¹14,750 application amount. The retail investors can apply up-to 13 lots with 325 shares of ā¹1,91,750 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 25 | ā¹14,750 |
| Retail Maximum | 13 | 325 | ā¹1,91,750 |
| S-HNI Minimum | 14 | 350 | ā¹2,06,500 |
| S-HNI Maximum | 67 | 1,675 | ā¹9,88,250 |
| B-HNI Minimum | 68 | 1,700 | ā¹10,03,000 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 7,06,28,768 Shares | 44.92% |
| QIB (Ex. Anchor) | 4,70,85,844 Shares | 29.95% |
| NII Shares Offered | 2,35,42,922 Shares | 14.97% |
| Retail Shares Offered | 1,56,95,282 Shares | 9.98% |
Manipal Health IPO Anchor Investors
Manipal Health IPO Dates
The Manipal Health Enterprises IPO date is July 29 and the close date is July 31. The Manipal Hospitals IPO allotment will be finalized on August 3, and the IPO listing on August 5.
| IPO Open Date: | July 29, 2026 |
| IPO Close Date: | July 31, 2026 |
| Basis of Allotment: | August 3, 2026 |
| Refunds: | August 4, 2026 |
| Credit to Demat Account: | August 4, 2026 |
| IPO Listing Date: | August 5, 2026 |
Promoters and Holding Pattern
The promoters of the company are Dr. Ranjan Ramdas Pai, Manipal Global Health Services, Memg International Ltd, Kangto Investments Pte. Ltd., Imperius Healthcare Investments Pte. Ltd., and Kabru Investments Pte. Ltd..
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,17,97,57,321 | 81.43% |
| Promoter Holding Post Issue | 1,31,53,50,541 | -% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| 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 | ā¹5,378.00 |
| Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited | ā¹574.00 |
| General corporate purposes | ā¹- |
About Manipal Health IPO
Manipal Health Enterprises Limited is a healthcare company in India that runs many hospitals, clinics, and diagnostic centres. It is part of the Manipal Group, which was started by T. M. A. Pai.
Moreover, the company provides different types of medical services such as organ transplants, oncology, cardiology, neurology, orthopaedics, and preventive healthcare.
The company has a major of give good quality care to patients and make healthcare more available. As of September 30, 2025, the company runs 38 hospitals (or 48 hospitals on a pro forma basis) with 10,761 beds (or 12,367 licensed beds on a pro forma basis). It also operates 17 clinics.
Manipal Health IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹4,927.57 | ā¹4,225.20 | ā¹414.20 | ā¹7,936.78 |
| 2024 | ā¹6,265.17 | ā¹5,340.51 | ā¹533.20 | ā¹10,818.83 |
| 2025 | ā¹8,362.79 | ā¹7134.43 | ā¹1,081.67 | ā¹14,072.08 |
| 2026 | ā¹10,520.52 | ā¹9268.42 | ā¹916.52 | ā¹24,864.50 |
Manipal Health IPO Valuation – FY2026
Check Manipal Health IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | 21.88% |
| EBITDA Margin: | 25.58% |
| PAT Margin: | 8.87% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ā¹7.71 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.57% |
| Net Asset Value (NAV): | ā¹72.55 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Apollo Hospitals Enterprise Ltd | 135.04 | 66.15 | – | – | 25,228.50 Cr. |
| Fortis Healthcare Ltd | 13.80 | 70.22 | – | – | 9,127.84 Cr. |
| Max Healthcare Institute Ltd | 14.83 | 74.55 | – | – | 10,065.00 Cr. |
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- Goldman Sachs (India) Securities Private Limited
- Jefferies India Private Limited
- J.P. Morgan India Private Limited
- UBS Securities India Private Limited
- DBS Bank India Limited
Company Address
Manipal Health Enterprises Ltd.
The Annexe,
98/2, Rustom Bagh,
HAL Airport Road,
Bengaluru, Karnataka, 560017
Phone: +9180 4936 0300
Email: legalcs@manipalhospitals.com
Website: https://www.manipalhospitals.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: manipal.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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Note: The Manipal Health IPO price band and date are officially announced. The (Manipal Hospitals IPO grey market premium) will be added to the IPO GMP page as it will start).




One Response
I have applied for one lot in Retail quota..
Allotment to me is ZERO
When retail quota is not fully subscribed why there is Zero allotment to me.