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Manipal Health Enterprises Limited IPO | Key Dates, Price Band, and Lot Size
Author
Shoonya Team
Manipal Health Enterprises Limited is launching a ₹9,275.22 crore IPO, opening for subscription on July 29, 2026. The IPO will close on July 31, 2026. The shares will be listed on NSE and BSE, with a tentative listing date of August 5, 2026.
The price band is set at ₹560 – ₹590 per share, and the minimum lot size is 25 shares. For retail investors, the minimum investment is ₹14,750 (25 shares) at the upper band. sNII investors must apply for 350 shares (₹2,06,500), while bNII investors must apply for 1,700 shares (₹10,03,000).
The Manipal Health Enterprises IPO includes a fresh issue of 13.56 crore shares worth ₹8,000 crore and an offer for sale (OFS) of 2.16 crore shares worth ₹1,275.22 crore. Employees are offered shares at a discount of ₹56 per share.
Manipal Health Enterprises Limited | IPO Details
| Detail | Information |
|---|---|
| IPO Opening Date | July 29, 2026 |
| IPO Closing Date | July 31, 2026 |
| Tentative IPO Listing Date | August 5, 2026 |
| Face Value | ₹2 per share |
| Price Band | ₹560 – ₹590 per share |
| Lot Size | 25 shares |
| Total Issue Size | 15,72,07,054 shares (₹9,275 Cr) |
| Fresh Issue | 13,55,93,220 shares (₹8,000 Cr) |
| Offer for Sale (OFS) | 2,16,13,834 shares (₹1,275 Cr) |
| Employee Discount | ₹56 per share |
| IPO Segment | Main Board – Book Building |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 1,17,97,57,321 shares |
| Shareholding Post-Issue | 1,31,53,50,541 shares |
| Market Cap (Pre-IPO) | ₹77,605.68 Cr |
Manipal Health Enterprises Limited | Company Overview
Incorporated in 2010, Manipal Health Enterprises Limited is one of India’s leading healthcare service providers, operating a large network of multi-speciality hospitals, clinics, and diagnostic centres across the country. It is part of the Manipal Group, founded by T. M. A. Pai. As of March 31, 2026, the company operated 49 hospitals with 13,037 licensed beds and 21 clinics.
Manipal Health is India’s largest multispecialty hospital group by bed capacity, with a pan-India presence and leadership positions in Bengaluru, Kolkata, and Pune, making it the only private hospital chain in India with leadership across three metros. The company focuses on delivering quality, patient-centric care and has been 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 had 24,240 full-time employees, comprising 11,048 nurses, 6,362 paramedics, and 6,830 administrative employees.
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Open Free Demat Account →Manipal Health Enterprises Limited | Key Dates
Manipal Health Enterprises IPO | Lot Size & Investment
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,750 |
| Retail (Max) | 13 | 325 | ₹1,91,750 |
| S-HNI (Min) | 14 | 350 | ₹2,06,500 |
| S-HNI (Max) | 67 | 1,675 | ₹9,88,250 |
| B-HNI (Min) | 68 | 1,700 | ₹10,03,000 |
Investor Category Reservations
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | Up to ₹5 Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Shares are reserved as follows: not less than 75% of the Net Offer for QIBs, with retail investors eligible for not more than 10% and NII investors for not more than 15%. This QIB-heavy allocation is typical of large, fresh-issue-dominant issues of this size.
Manipal Health Enterprises Limited | Financial Overview
Manipal Health Enterprises Limited’s revenue increased by 26% between the financial years ending March 31, 2026 and March 31, 2025. Profit after tax (PAT), however, declined by 15% during the same period, reflecting higher depreciation and finance costs associated with the company’s significant capacity expansion.
Here’s a snapshot of its year-on-year financial performance (₹ Crore):
| Detail | 31-Mar-26 | 31-Mar-25 | Change | Change % |
|---|---|---|---|---|
| Assets | 24,864.50 | 14,072.08 | +10,792.42 | +76.69% |
| Total Income | 10,520.52 | 8,362.79 | +2,157.73 | +25.80% |
| Profit After Tax | 916.52 | 1,081.67 | −165.15 | −15.27% |
| EBITDA | 2,795.94 | 2,247.07 | +548.87 | +24.43% |
| Net Worth | 8,440.92 | 5,865.66 | +2,575.26 | +43.91% |
| Reserves & Surplus | 8,204.96 | 5,788.60 | +2,416.36 | +41.74% |
| Total Borrowing | 10,553.43 | 4,766.83 | +5,786.60 | +121.37% |
Manipal Health Enterprises IPO | FAQs
When does the Manipal Health Enterprises IPO open and close?
The Manipal Health Enterprises IPO opens on July 29, 2026, and closes on July 31, 2026.
What is the price band and lot size for the Manipal Health Enterprises IPO?
The price band for the Manipal Health Enterprises IPO is ₹560 – ₹590 per share, and the minimum lot size is 25 shares. Retail investors must apply for at least 1 lot (25 shares), amounting to ₹14,750 at the upper band.
How can I check the allotment status of the Manipal Health Enterprises IPO?
You can check the Manipal Health Enterprises IPO allotment status on the registrar’s website, KFin Technologies Ltd., using your PAN, Application Number, or DP ID, or via the NSE/BSE issue information pages.
Who is the registrar for the Manipal Health Enterprises IPO?
The registrar for the Manipal Health Enterprises IPO is KFin Technologies Ltd.
What is the refund and Demat credit date for the Manipal Health Enterprises IPO?
Manipal Health Enterprises IPO refunds will be initiated on August 4, 2026, and shares will be credited to Demat accounts on the same day.
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