Manipal Health Enterprises Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 4.03x | 118,693,161 | 474,399,775 | ₹7,003 Cr |
| NII (HNI) | 1.05x | 23,738,631 | 24,836,025 | ₹1,401 Cr |
| Retail | 0.93x | 14,521,025 | 14,521,025 | ₹857 Cr |
| Employee | — | 280,899 | — | ₹17 Cr |
| Σ Total | 1.17x | 280,898 | 327,250 | ₹17 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,750 |
| Retail (Max) | 13 | 325 | ₹191,750 |
| S-HNI (Min) | 14 | 350 | ₹206,500 |
| B-HNI (Min) | 67 | 1,675 | ₹988,250 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 10,521 | 8,363 | 6,265 |
| EBITDA | 2,796 | 2,247 | 1,777 |
| Profit After Tax | 917 | 1,082 | 533 |
| Net Worth | 8,441 | 5,866 | 4,029 |
| Total Assets | 24,865 | 14,072 | 10,819 |
| Reserves & Surplus | 8,205 | 5,789 | 3,954 |
| Total Borrowing | 10,553 | 4,767 | 3,944 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
- General corporate purposes –
Company Overview
Incorporated in 2010, 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.vThe 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 March 31, 2026, the company operated 49 hospitals with 13,037 licensed beds. They are operating 21 clinics as of March 31, 2026.
As of March 31, 2026, the company had 24,240 full-time employees across its hospitals and corporate functions. The workforce comprised 11,048 nurses, 6,362 paramedics, and 6,830 administrative employees, supporting its healthcare operations and patient services.
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