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Manipal Health Enterprises IPO Details, Date, Allotment, Price, Analysis and Review
Manipal Health Enterprises IPO is a mainboard IPO aggregating up to 9,276 crore 78 lakh 91 thousand 8 hundred fifty rupees. The issue consists of a fresh issue of 13,56,19,881 shares (aggregating up to 8,001 crore 57 lakh 29 thousand 7 hundred ninety rupees) and an offer for sale of 2,16,13,834 shares (aggregating up to 1,275 crore 21 lakh 62 thousand sixty rupees).
The IPO opened for subscription on 29 July 2026 and closes on 31 July 2026. The basis of allotment was finalised on 3 August 2026. The shares were listed on NSE and BSE on 5 August 2026.
The price band for the IPO is set at ₹560 to ₹590 per share. The minimum amount required for a retail investor is ₹14,750 (25 shares, 1 lot). The minimum amount required for an sHNI investor is ₹2,06,500 (350 shares, 14 lots).
The final allotment price for the Manipal Health Enterprises IPO was fixed at ₹590.00 per share. The shares successfully listed on the BSE at ₹655.00 per share (with a listing gain of 11.02%) and on the NSE at ₹652.00 per share (with a listing gain of 10.51%).
Axis Capital Ltd, DBS Bank India Ltd, Goldman Sachs (India) Securities Pvt Ltd, Jefferies India Pvt Ltd, JP Morgan India Pvt Ltd, Kotak Mahindra Capital Co Ltd, UBS Securities India Pvt Ltd is the lead manager and KFin Technologies is the registrar of the IPO.
Refer to Manipal Health Enterprises RHP for more detailed information.
Manipal Health Enterprises Share Price Analysis API (Live)
Manipal Health Enterprises IPO Details Listed
IPO Issue Details
Manipal Health Enterprises IPO Lot Size & Required Amount
Number of Shares Per Lot = Shares
| Application | Lot(s) | Shares | Amount |
|---|---|---|---|
Retail (Min) Minimum investment required for Retail Individual Investors (RII). | 1 | 25 | ₹14,750 |
Retail (Max) Maximum investment allowed for Retail Individual Investors (Must be under ₹2 Lakhs). | 13 | 325 | ₹1,91,750 |
S-HNI (Min) Minimum investment for Small High Net-worth Individuals (sHNI) (Must be above ₹2 Lakhs). | 14 | 350 | ₹2,06,500 |
S-HNI (Max) Maximum investment for Small High Net-worth Individuals (sHNI) (Must be up to ₹10 Lakhs). | 67 | 1675 | ₹9,88,250 |
B-HNI (Min) Minimum investment for Big High Net-worth Individuals (bHNI) (Must be above ₹10 Lakhs). | 68 | 1700 | ₹10,03,000 |
IPO Reservation
Manipal Health Enterprises IPO offers total 15,72,33,715 shares (100.00%) . Out of which 11,77,14,612 shares (74.87%) allocated to QIB, 4,70,85,844 shares (29.95%) allocated to QIB (Ex- Anchor), 2,35,42,922 shares (14.97%) allocated to NII, 1,56,95,282 shares (9.98%) allocated to RII and 7,06,28,768 shares (44.92%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
|
QIB Shares Offered Qualified Institutional Buyers (e.g., mutual funds, banks). | 11,77,14,612 shares (74.87%) |
|
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QIB (Anchor Investor) A portion of QIB shares reserved specifically for anchor investors. | 7,06,28,768 shares (44.92%) |
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QIB (Ex. Anchor) Remaining QIB shares after anchor investor allocation. | 4,70,85,844 shares (29.95%) |
|
NII (HNI) Shares Offered Non-Institutional Investors, also known as High Net-worth Individuals. | 2,35,42,922 shares (14.97%) |
|
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bNII (bids > ₹10L) Big HNI category for applications above ₹10 Lakhs. | 1,56,95,282 shares (9.98%) |
|
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sNII (bids < ₹10L) Small HNI category for applications between ₹2 Lakh and ₹10 Lakh. | 78,47,641 shares (4.99%) |
|
Employee Shares Offered Shares reserved specifically for eligible employees of the company. | 2,80,899 shares (0.18%) |
|
Retail Shares Offered Retail Individual Investors applying for up to ₹2 Lakh. | 1,56,95,282 shares (9.98%) |
| Total Shares Offered | 15,72,33,715 shares (100.00%) |
IPO Anchor Investors
Manipal Health Enterprises IPO raises ₹4,167.10 crore from anchor investors. Manipal Health Enterprises IPO anchor bid date was 28 July 2026.
💼 Anchor Investors Allocation Letter (PDF)| 31 Mar 26 In Cr. | 31 Mar 25 In Cr. | 31 Mar 24 In Cr. | |
|---|---|---|---|
| Assets | 24,864.5 | 14,072.08 | 10,818.83 |
| Revenue | 10,520.52 | 8,362.79 | 6,265.17 |
| Profit After Tax | 916.52 | 1,081.67 | 533.2 |
| EBITDA | 2,795.94 | 2,247.07 | 1,776.6 |
| Net Worth | 8,440.92 | 5,865.66 | 4,029.22 |
| Total Borrowing | 10,553.43 | 4,766.83 | 3,943.98 |
| Reserves & Surplus | 8,204.96 | 5,788.6 | 3,953.59 |
Financial Performance Indicator (FPI)
| FPI | 31 March 2026 | |
|---|---|---|
ROCE Return on Capital Employed indicates how efficiently a company uses its capital. | 21.88% | |
RoNW RoNW (Return on Net Worth) is the percentage of profit earned relative to the company's net worth and reflects overall profitability for shareholders. | 10.57% | |
PAT Margin Profit After Tax as a percentage of revenue. Shows how much net profit is retained from every rupee of sales. | 8.87% | |
EBITDA Margin EBITDA Margin indicates earnings before interest, tax, depreciation, and amortisation as a percentage of revenue; reflects core operating efficiency. | 27.05% | |
Price to Book Value Compares the stock's market price to its book value per share. A higher ratio may indicate market premium. | 8.13 |
| Pre IPO | Post IPO | |
|---|---|---|
EPS Rs Earnings Per Share is a company's profit divided by outstanding shares. | 7.77 | 6.97 |
P/E (x) Price to Earnings ratio is the ratio of a stock's market price to its earnings per share. Indicates how much investors pay per rupee of earnings. | 75.93 | 84.65 |
Promoter Holding The percentage of total shares held by the company's founders or promoter group. | 81.43% | 72.08% |
Manipal Health Enterprises IPO Peer Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Max Healthcare Institute | 74.55(Max) | 14.83(Max) | 14.76(Max) | (Max) | (Max) | (Max) |
| Fortis Healthcare | 70.22(Fortis) | 13.80(Fortis) | 13.80(Fortis) | (Fortis) | (Fortis) | (Fortis) |
| Apollo Hospitals Enterprise | 66.15(Apollo) | 135.04(Apollo) | 134.94(Apollo) | (Apollo) | (Apollo) | (Apollo) |
| Manipal Health Enterprises | (Manipal) | 7.71(Manipal) | 7.67(Manipal) | 72.55(Manipal) | 10.57(Manipal) | (Manipal) |
IPO Subscription Status
Manipal Health Enterprises IPO Frequently Asked Questions (FAQ)
Manipal Health Enterprises IPO is a mainboard IPO. The company will raise upto 9,276 crore 78 lakh 91 thousand 8 hundred fifty rupees for 15,72,33,715 shares. Face value is ₹2 per share, Price band is ₹560 to ₹590 per share, and cutt off price is ₹590 per share. The IPO opens on 29 July 2026 and closes on 31 July 2026. is the registrar and shares of Manipal Health Enterprises IPO will be listed at NSE, BSE.
The issue size of IPO is . For fresh issue: 13,56,19,881 shares (aggregating up to 8,001 crore 57 lakh 29 thousand 7 hundred ninety rupees) and for offer for sale: 2,16,13,834 shares (aggregating up to 1,275 crore 21 lakh 62 thousand sixty rupees).
Price band for IPO is . Applying IPO application at cutt off price ₹590 per share (the upper end of price band) is considered safer than the applying IPO application at lower end of price band.
The lot size of Manipal Health Enterprises IPO is of 25. Minimum order quantity for retail investor is 25 shares (1 lots) and required amount is ₹14,750. Minimum order quantity for sHNI is 350 shares (14 lots) and required amount is ₹2,06,500. Minimum order quantity for bHNI investor is 1,700 shares (68 lots) and required amount is ₹10,03,000.
The investors portion reserved for QIB is 11,77,14,612 shares (74.87%), reserved for HNI is 2,35,42,922 shares (14.97%) and reserved for retail investors.
The IPO will be available for subscription from 29 July 2026 to 31 July 2026. IPO open date is 29 July 2026 and close date is 31 July 2026.
Allotment date for IPO is 3 August 2026. On the allotment date, After the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.
The registrar for IPO is Kfin Technologies Ltd.
The IPO will be listed on 5 August 2026 at NSE, BSE.