GMP IPO Watch
Manipal Health Enterprises IPO 2026: Inside One of India's Largest Hospital Networks and Its Future Growth Plans
Manipal Health Enterprises Limited is expected to launch its IPO, offering investors expos...
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M
Mainboard IPO
LISTED
NSE, BSE
MANIPALHEALTH
Manipal Health Enterprises IPO
Manipal Health Enterprises IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹6
+1.0%
Est. Listing: ₹596.00
Price Band
₹560 - ₹590
Per equity share
Lot Size
25 Shares
Min Invest: ₹14,750
Issue Size
₹590 Cr
Total Public Offering
Issue Dates
28 July 2026 – 30 July 2026
Bidding period
Subscription
4.92x
Total overall demand
Manipal Health Enterprises IPO Details
Key facts at a glance| IPO Open Date | 28 July 2026 | IPO Close Date | 30 July 2026 |
|---|---|---|---|
| Basis of Allotment | 2 August 2026 | Listing Date | 4 August 2026 |
| Price Band | ₹560 - ₹590 per share | Face Value | ₹10 per share |
| Market Lot Size | 25 Shares | Min Investment (Retail) | ₹14,750 |
| Total Issue Size | ₹590 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Manipal Health Enterprises IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 28 July 2026 | Confirmed |
| IPO Close Date | 30 July 2026 | Confirmed |
| Basis of Allotment | 2 August 2026 | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 4 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Manipal Health Enterprises IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 25 Shares | ₹14,750 |
| Retail (Max) | 13 Lots | 325 Shares | ₹1,91,750 |
| S-HNI (Min) | 14 Lots | 350 Shares | ₹2,06,500 |
| S-HNI (Max) | 67 Lots | 1,675 Shares | ₹9,88,250 |
| B-HNI (Min) | 68 Lots | 1,700 Shares | ₹10,03,000 |
Manipal Health Enterprises IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹6 +1.0%
Estimated Listing Price
₹596.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 31 Jul 2026 | ₹6 | ₹596.00 | +1.02% |
| 30 Jul 2026 | ₹10 | ₹600.00 | +1.69% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Manipal Health Enterprises IPO Subscription Status
Demand breakdown by investor category
Retail
0.93x
QIB
8.25x
NII / HNI
—
Total
4.92x
About Manipal Health Enterprises
Manipal Health Enterprises Limited is a healthcare service provider engaged in running and managing hospitals, clinics and diagnostic centres, primarily in India. It operates a network of multi-speciality hospitals offering clinical services across several specialities, with a focus on tertiary and quaternary care such as cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics and renal sciences. The company serves patients through inpatient and outpatient services, generating revenue from healthcare services paid by patients directly, insurance and third-party administrators, government schemes and corporate arrangements. Its network includes multiple hospitals supported by a large pool of doctors, and it caters to a significant volume of patients across its facilities. The company operates as a single business segment focused on medical and healthcare services, combining hospital infrastructure, clinical expertise and diagnostic capabilities to deliver care.
Key Strengths
- A large network of multi-speciality hospitals supported by a wide base of doctors.
- Focus on high-end specialities like cardiac, oncology and neurosciences, driving revenue.
- Strong presence across key regions with ongoing expansion plans.
- Significant share of revenue from insurance and institutional payors.
- Established track record of growth in patient volumes and operations.
Key Risks
- High dependence on insurance and third-party administrators for revenue.
- Delays in payments from government schemes can impact cash flows.
- Expansion into new regions may face operational and market challenges.
- Failure to attract sufficient patients can lead to underutilised capacity.
- High outstanding receivables may affect working capital and liquidity.
Manipal Health Enterprises IPO Reservation & Share Quotas
The Manipal Health IPO follows the SEBI-prescribed allocation structure for a Book Build Issue. The issue is divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors. This allocation framework is designed to ensure broad participation from institutional as well as retail investors.
The category-wise reservation below shows the percentage of shares reserved for each investor segment. The final allotment in every category will depend on the subscription received and the basis of allotment approved after the IPO closes.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Note: The exact number of shares reserved for each category, including the Anchor Investor portion, will be updated once the company announces the final allocation before the IPO opens.
Manipal Health Enterprises IPO Anchor Investors
Manipal Health Limited has scheduled the Anchor Investor Bidding on July 28, 2026, one working day before the IPO opens for public subscription. The anchor book is reserved for Qualified Institutional Buyers (QIBs) and is intended to gauge institutional demand ahead of the public issue.
The company will announce the names of participating anchor investors, the total anchor allocation, and the issue size after the completion of the anchor bidding process. The allotted anchor shares will remain subject to the applicable SEBI lock-in requirements.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 28, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The anchor investor allocation, issue size, lock-in end dates, and investor list will be updated after the completion of the anchor book allocation and the company's official announcement.
Manipal Health Enterprises IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 29 Jul 2026 |
| IPO Close Date | 31 Jul 2026 |
| Basis of Allotment | 03 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 05 Aug 2026 |
Note: The timeline for मणिपाल हेल्थ एंटरप्रायझेस IPO is tentative and subject to change.
Manipal Health Enterprises Promoters and Shareholding Pattern
Manipal Health Enterprises Limited is promoted by 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.. The promoter group has played a significant role in establishing and expanding one of India's leading multi-specialty healthcare and hospital networks.
Following the completion of the IPO, the promoters will continue to hold a substantial stake in the company. However, the final post-issue promoter shareholding percentage will be confirmed after the completion of the IPO process and the allotment of shares.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,17,97,57,321 | 81.43% |
| Promoter Holding Post Issue | 1,31,53,50,541 | -% |
Note: The final post-issue promoter shareholding percentage will be updated after the IPO allotment is completed and the company's post-listing shareholding pattern is officially disclosed.
Manipal Health Enterprises Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Manipal Health Enterprises About the 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 Enterprises Company Financial Report
To Be Updated Soon
Manipal Health Enterprises Company Valuation & Key Performance Indicators
To Be Updated Soon
Manipal Health Enterprises Peer Group Comparison
To Be Updated Soon
Manipal Health Enterprises Lead Managers & 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
Manipal Health Enterprises IPO FAQs
Manipal Health Enterprises IPO opens for subscription on 28 July 2026 and closes on 30 July 2026.
The price band for Manipal Health Enterprises IPO is set at ₹560.00 to ₹590.00 per share.
The minimum market lot size is 25 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 25 Shares (₹14,750).
The latest Grey Market Premium (GMP) for Manipal Health Enterprises IPO is ₹6. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Manipal Health Enterprises IPO is tentatively scheduled for 2 August 2026, and shares are expected to list on the stock exchanges on 4 August 2026.
The registrar details will be confirmed in the official prospectus.
Manipal Health Enterprises IPO Analysis & Articles
