Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Manipal Health Enterprises Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on March 23, 2026 to raise funds through Initial Public Offer (IPO).
Manipal Health Enterprises Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹8,000.00 crores and an offer for sale (OFS) of upto 4.32 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Manipal Health Enterprises IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹8,000 Cr) |
| Offer for Sale | 4,32,27,668 shares of ₹2 (agg. up to ₹[.] Cr) |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 23, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
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:
| 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 | ||
| Amount in ₹ Crore | ||||
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 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROCE | 26.98% | |
| RoNW | 8.72% | 18.16% |
| PAT Margin | 6.01% | 5.77% |
| EBITDA Margin | 27.99% | 26.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 81.42% |
Lead Manager Reports
Manipal Health Enterprises IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Manipal Health Enterprises IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Manipal Health Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Manipal Health Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manipal Health Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manipal Health Enterprises IPO dates are not announced. Please check back again after some time.
Manipal Health Enterprises IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Manipal Health Enterprises IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Manipal Health Enterprises IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Manipal Health Enterprises IPO allotment status.
The Manipal Health Enterprises IPO listing date is not yet announced. The tentative date of listing is .
