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Manipal Health Enterprises
Price Band
₹560.0–590.0
Issue Size
₹9275.22 Cr
Lot Size
25 shares
Min Investment
₹14,750
GMP
info
+₹55.0 (9.32%)
Issue Price
₹590.0
Subject to Sauda
info
₹1000
Paid only if allotted
calendar_month Important Dates
bar_chart Subscription Status
IPO not open yet
Opens 29 Jul 2026 · in 5 days
trending_up Grey Market Premium (GMP)
GMP
+₹55.0
GMP %
+9.32%
Est. Listing
₹645.0
schedule Updated: 24 Jul 2026 13:15
Share GMP:
speed IPO Listing Probability Meter
Composite Score
40/100
GMP is 9.3% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 3.3% listing gain
Based on historical patterns in GMP, subscription and anchor data — not a guarantee of listing performance. IPOs carry risk of loss; this is not investment advice.
business About the Company
Manipal Health Enterprises Limited is a healthcare service providers, operating a large network of multi-specialty hospitals, clinics, and diagnostic centres across the country. 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 are staffed by experienced medical professionals. 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 September 30, 2025, the company operated 38 hospitals (48 hospitals on a pro forma basis) with 10,761 licensed beds (12,367 licensed beds on a pro forma basis). They are operating 17 clinics as of September 30, 2025. Competitive Strengths: India’s largest multispecialty hospital group by bed capacity with pan-India presence and leadership in our three key region. We are 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 recognized 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 metric
payments Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 22,579.11 | 21,443.81 | 10,818.83 | 7,936.78 |
| Total Income | 5,436.31 | 9,409.12 | 6,265.17 | 4,927.57 |
| Profit After Tax | 319.47 | 534.80 | 533.20 | 414.20 |
| EBITDA | 1,439.15 | 2,455.03 | 1,596.98 | 1,228.24 |
| NET Worth | 4,029.22 | 3,325.29 |
Key Ratios
EPS
₹7.67
NAV
₹50.91
ROCE
26.98%
RoNW
18.16%
P/B Value
11.59
P/E Ratio
76.52
Market Cap
₹9275.22 Cr
PAT Margin
5.77%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Max Healthcare Institute Limited | 96.5 | 11.47% | 87.63 | 11.07 | 11.01 |
| Fortis Healthcare Limited | 118.11 | 8.68% | 80.12 | 10.26 | 10.26 |
| Apollo Hospitals Enterprise Limited | 571.15 | 17.61% | 73.23 | 100.56 | 100.56 |
| Manipal Health Enterprises Ltd. This IPO | 50.91 | 18.16% | — | 9.25 | 9.25 |
Promoters
Ranjan Ramdas Pai, Manipal Global Health Services, Memg International Ltd., Kangto Investments Pte.Ltd., Imperius Healthcare Investments Pte.Ltd. and Kabru Investments Pte.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 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 5,378.00 2 Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited 574.00 3 General corporate purposes Total 5,952.00
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
29 Jul 2026
Close
31 Jul 2026
Allotment
03 Aug 2026
Listing
05 Aug 2026