Manipal Health Enterprises
Demand
Strong
subscribed 5.12x overall
Listed
+11.0%
day-1 close +13.0% vs issue
Final Subscription
Subscribed 5.12xoverall · last updated 2026-08-19 00:45 UTC
| Category | Shares reserved | 18-08 | 19-08 | ||
|---|---|---|---|---|---|
| Shares bid | Times | Shares bid | Times | ||
| ∟QIB (Ex Anchor) | 4,70,85,844 | 40,21,59,425 | 8.54× | 40,21,59,425 | 8.54× |
| NII | 2,35,42,922 | 2,50,39,675 | 1.06× | 2,50,39,675 | 1.06× |
| ∟bNII (> ₹10L) | 1,56,95,282 | 1,76,78,100 | 1.13× | 1,76,78,100 | 1.13× |
| ∟sNII (< ₹10L) | 78,47,641 | 73,61,575 | 0.94× | 73,61,575 | 0.94× |
| Retail | 1,56,95,282 | 1,53,26,325 | 0.98× | 1,53,26,325 | 0.98× |
| Employee | 2,80,899 | 6,50,450 | 2.32× | 6,50,450 | 2.32× |
| Total | 8,66,04,947 | 44,31,75,875 | 5.12× | 44,31,75,875 | 5.12× |
Allotment odds (1 lot lottery once oversubscribed) — Big NII: ≈ 1 in 2 applicants
Allotment Probability
Retail · subscribed 0.98x
100%
Small HNI (sNII) · subscribed 0.94x
100%
Big HNI (bNII) · subscribed 1.13x
88%
Chance of winning at least one lot per application, from the shares reserved for the category vs current demand. QIB allots pro-rata, not by lottery. Demand can spike on the final day.
📋Issue Details
| Offer Type | Bookbuilding IPO |
| Sale Type | Fresh capital cum OFS |
| Listing At | BSE, NSE |
| Face Value | ₹ 2 per share |
| Price Band | ₹560 to ₹590 |
| Lot Size | 25 shares |
| Total Issue Size | 15,72,33,715 shares (agg. up to ₹ 9,275 Cr) |
| Fresh Issue | 13,56,19,881 shares (agg. up to ₹ 8,000 Cr) |
| Offer for Sale | 2,16,13,834 shares of ₹ 2 (agg. up to ₹ 1,275 Cr) |
| Scrip / Symbol | 544847 / MANIPALHOS |
| ISIN | INE459N01021 |
🗓️IPO Schedule
Open
Wed, Jul 29, 2026
Close
Fri, Jul 31, 2026
Allotment
Mon, Aug 3, 2026
Refunds
Tue, Aug 4, 2026
Demat credit
Tue, Aug 4, 2026
Listing
Wed, Aug 5, 2026
🏛️Pre & Post Issue Capital
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 81.86% | 72.08% |
| Public | 18.14% | 27.92% |
| Total | 100% | 100% |
💰Valuation & Market Cap
| EPS(₹) (pre → post) | 7.77 → 6.97 |
| P/E (x) (pre → post) | 75.93 → 84.65 |
| Market Cap at Offer Price | ₹87,729.08 Cr |
📊Company Financials ₹ crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 24,864.50 | 14,072.08 | 10,818.83 |
| Total Income | 10,520.52 | 8,362.79 | 6,265.17 |
| Profit After Tax | 916.52 | 1,081.67 | 533.20 |
| EBITDA | 2,795.94 | 2,247.07 | 1,776.60 |
| NET Worth | 8,440.92 | 5,865.66 | 4,029.22 |
| Reserves and Surplus | 8,204.96 | 5,788.60 | 3,953.59 |
| Total Borrowing | 10,553.43 | 4,766.83 | 3,943.98 |
🎯Key Performance Indicators
| ROCE | 21.88% |
| RoNW | 10.57% |
| PAT Margin | 8.87% |
| EBITDA Margin | 27.05% |
| NAV | 72.55 |
| Price to Book Value | 8.13 |
🤝Recently Listed PeersHospital
| Company | Issue price | P/E | Listing-day close |
|---|---|---|---|
| Gujarat Kidney & Super Speciality Lt | ₹114 | 61.62 | ₹104.54 |
| Park Medi World Ltd. | ₹162 | 29.21 | ₹147.95 |
| Hannah Joseph Hospital Ltd. | ₹70 | 16.21 | ₹68.25 |
Lot Size — what an application costs
| 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 |
Issue Reservation
| Category | Shares | % of issue | Max allottees |
|---|---|---|---|
| QIB | 11,77,14,614 | 75.00% | 74.87% |
| − Anchor Investor | 7,06,28,768 | 44.92% | |
| − QIB (Ex. Anchor) | 4,70,85,846 | 29.95% | |
| NII (HNI) | 2,35,42,922 | 15.00% | 14.97% |
| − bNII > ₹10L | 1,56,95,282 | 9.98% | |
| − sNII < ₹10L | 78,47,640 | 4.99% | |
| Retail | 1,56,95,281 | 10.00% | 9.98% |
| Employee | 2,80,898 | 0.18% | |
| Total | 15,72,33,715 | 100.00% | 100.00% |
🔔Listing Day
Issue price
₹590
Listing open
₹655
Open vs issue
+11.0%
Day-1 close
+13.0%
vs issue price
🏢About Manipal Health Enterprises
Manipal Health Enterprises IPO is a book build issue of ₹9,275.22 crores. The issue is a combination of fresh issue of 13.56 crore shares aggregating to ₹8,000.22 crores and offer for sale of 2.16 crore shares aggregating to ₹1,275.00 crores.
Manipal Health Enterprises IPO bidding started from Jul 29, 2026 and ended on Jul 31, 2026. The allotment for Manipal Health Enterprises IPO was finalized on Aug 3, 2026. The shares got listed on NSE and BSE on Aug 5, 2026.
Manipal Health Enterprises IPO is set final issue price at ₹590 per share. The lot size for an application is 25 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,750 (25 shares) (based on upper price).
The issue includes a reservation of up to 2,80,898 shares for employees offered at a discount of ₹56.00 to the issue price.
🎯Objects of the Issue
| Object | ₹ Cr |
|---|---|
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued i | 5,552.76 |
| Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limit | 574.00 |
| General corporate purposes | 1,628.93 |
| Issue Expenses | 283.24 |
👥Selling Shareholders
| Name | Category | Shares offered |
|---|---|---|
| Imperius Healthcare Investments Pte. | Promoter | 1,08,08,861 |
| Manipal Education and Medical Group | Promoter | 67,92,002 |
| TPG SG Magazine Pte.Ltd. | Corporate | 23,29,667 |
| Seventy Second Investment Company LL | Corporate | 7,92,494 |
| Ammar Sdn Bhd | Corporate | 4,05,791 |
| Novo Holdings Invest Asia A/S | Corporate | 2,64,556 |
| Phoenix Bear Investments LLC | Corporate | 2,20,463 |
| Total | 2,16,13,834 |
💼Lead Managers
- • Kotak Mahindra Capital Co.Ltd.
- • Axis Capital Ltd.
- • Goldman Sachs (India) Securities Pvt.Ltd.
- • Jefferies India Pvt.Ltd.
- • JP Morgan India Pvt.Ltd.
🗳️Registrar
- • Kfin Technologies Ltd.
- allotment status is checked on the registrar's portal
🏢Registered Office
📍 The Annexe,, #98/2, Rustom Bagh,, HAL Airport Road,, Bengaluru, Karnataka, 560017
📞 80 4936 0300
✉️ legalcs@manipalhospitals.com
Grey-market numbers are unofficial street quotes, aggregated across sources. Not investment advice.