Manipal Health Enterprises Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Manipal Health Enterprises Ltd IPO

We operate a pan-India network of multispecialty hospitals delivering a comprehensive range of care services from outpatient services to complex tertiary and quaternary interventions. As of September 30, 2025, we operated 38 hospitals (48 hospitals on a pro forma basis) with 10,761 licensed beds (12,367 licensed beds on a pro forma basis) across 14 states and union territories. We have the widest footprint in terms of presence of hospitals among private hospital chains in India as of September 30, 2025. For details, see -Our Hospitals and Facilities on page 238. We are the largest pan-India multispecialty hospital network by bed capacity and the second largest hospital chain by number of hospitals as of September 30, 2025 (Source: CRISIL Report). In November 2025, we commenced operations at our 49th hospital in Bengaluru (Karnataka), which increased our licensed bed capacity to 12,631 licensed beds as of December 31, 2025. For Fiscal 2025, we reported the second-highest revenue from operations of Rs.92,635.56 million (on a pro forma basis) among private hospital chains in India, and reported the third-highest revenue from operations of Rs.82,422.50 million, among private hospital chains in India.

Manipal Health Enterprises Ltd IPO Details

Total Shares Offered

₹ 15,72,07,054

Offer to Public

2,16,13,834

Retail Max (Shares)

₹ 1,56,95,281

Pre Issue Promoters Holding

₹ 96,57,76,944

Exchange

BSE

Issue size

₹ 9275.22 Cr

IPO Open Date

Jul 29, 2026

Close Date

Jul 31, 2026

Lot Size

Min Investment

₹ 14,000

Issue Type

Book Building

Listing Date

Aug 5, 2026

Manipal Health Enterprises Ltd IPO Dates

Jul 29, 2026

Opening date

Jul 31, 2026

Closing date

Aug 3, 2026

Basis of Allotment

Aug 4, 2026

Initiation of Refunds

Aug 4, 2026

Credit of Shares

Aug 5, 2026

Listing date

Details

Sector	Type
Sector	Healthcare
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	0x	117714613	16800
NII	0.05x	23542923	1244850
Retail	0.17x	15695281	2672800
Employee	0.74x	254237	187475
Total	0.03x	157207054	4121925

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

0.05x

0.17x

0.74x

0.03x

117714613

23542923

15695281

254237

157207054

16800

1244850

2672800

187475

4121925

Manipal Health Enterprises Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	8,242.25	6,171.63	4,839.61
EBITDA	946.63	783.15	563.57
PAT	535.30	336.36	194.34
Total Assets	422.44	459.75	395.04
Share Capital	77.06	75.63	75.63
Total Borrowings	1,726.02	1,228.14	1,366.85
Operating Activities (Net Cash)	684.29	475.49	333.69
Investing Activities (Net Cash)	3,329.83	3,013.40	2,828.01
Financing Activities (Net Cash)	1,726.02	1,228.14	1,366.85
Net Cashflow	149.57	227.93	28.61

About Manipal Health Enterprises Ltd

The Company was originally incorporated in Bengaluru, Karnataka as `Manipal Health Enterprises Private Limited' as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated February 15, 2010, issued by the RoC. Subsequently, our Company was converted to a public limited company and the name of our Company was changed to Manipal Health Enterprises Limited pursuant to a resolution passed by our Board and by its Shareholders passed on November 8, 2025 and November 20, 2025, respectively and a fresh certificate of incorporation dated December 24, 2025 was issued by the Registrar of Companies, Central Processing Centre.

Peer Comparison:

Apollo Hospitals Enterprise Ltd
Fortis Healthcare Ltd
Max Healthcare Institute Ltd

Manipal Health Enterprises Ltd Key Points

Strengths

India's largest multispecialty hospital group by bed capacity with pan-India presence and leadership in our three key regions.

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 metrics.

Risk

A substantial number of the company's hospitals is located in Karnataka. Its derived 46.40%, 51.55%, and 59.98%, of the company's revenue from operations in Fiscals 2026, 2025 and 2024, respectively, from its hospitals in Karnataka. Any loss of business or disruption in the operations of these hospitals or geopolitical or policy changes in Karnataka could have a material adverse effect on the company's business, financial condition, results of operations, cash flows and prospects.

The company primarily generates revenue by providing inpatient care at its hospitals. Any inability to maintain or improve the company's admissions and hospital occupancy rates could adversely affect its business, financial condition, results of operations, cash flows and prospects.

The company derived 64.30%, 62.56% and 61.55% of its gross inpatient revenue from cardiac sciences, oncology, neurosciences, gastro sciences, orthopaedics, and renal sciences (CONGO-R) specialties in Fiscals 2026, 2025 and 2024, respectively, and any negative changes in the demand for these specialties could adversely impact the company's business, results of operations and financial condition.

Strategy

Continue capitalizing growth opportunities in existing facilities and organic network expansion

Strategic acquisitions to enter and consolidate market positions and improve access and patient care

Leverage digital, AI and technology to extend patient reach and access, transform patient and clinician experiences, expand out-of-hospital care and continue to focus on operational excellence to drive efficiencies.

Continue to attract, develop, and retain medical talent.

Invest in advanced medical infrastructure and clinical innovations.

How To Apply for Manipal Health Enterprises Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Manipal Health Enterprises Ltd IPO?

Manipal Health Enterprises Ltd's IPO offers shares for up to 8,000 It begins on Jul 29, 2026 and ends on Jul 31, 2026.

What is the price of the Manipal Health Enterprises Ltd IPO?

The price of Manipal Health Enterprises Ltd IPO ranges between ₹560 to ₹590 per share.

What are the open and close dates for the Manipal Health Enterprises Ltd IPO?

The Manipal Health Enterprises Ltd IPO opens on Jul 29, 2026 and closes on Jul 31, 2026.

When will the Manipal Health Enterprises Ltd IPO be allotted?

The allotment for the Manipal Health Enterprises Ltd IPO will be finalised on Aug 3, 2026. The shares will be listed on BSE and NSE on Aug 5, 2026.

What is the minimum lot size required for Manipal Health Enterprises Ltd IPO?

The minimum lot size for Manipal Health Enterprises Ltd IPO is 25 shares, priced between ₹560 to ₹590 per share.

What is the GMP of Manipal Health Enterprises Ltd IPO?

The GMP (Grey Market Premium) of Manipal Health Enterprises Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Manipal Health Enterprises Ltd IPO?

To check the allotment status of Manipal Health Enterprises Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Manipal Health Enterprises Ltd IPO getting listed?

The Manipal Health Enterprises Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 29, 2026, and closes on Jul 31, 2026. The allotment is finalised on Aug 3, 2026.

How do you apply for the Manipal Health Enterprises Ltd IPO?

To apply for the Manipal Health Enterprises Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.