Manipal Health Enterprises Limited, one of India’s leading hospital chains, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its upcoming Initial Public Offering (IPO). The Manipal Health Enterprises IPO has attracted attention from investors tracking healthcare IPOs in India and upcoming IPOs in 2026.
The company operates a network of multi-specialty hospitals across India and offers a wide range of healthcare services, making the Manipal Health IPO one of the key IPOs to watch in the hospital sector.
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Manipal Health Enterprises IPO Details in Brief
|
IPO Date |
To be announced |
|
Issue Size |
₹8,000 crore (Fresh Issue) |
|
OFS |
43,227,668 equity shares |
|
Face Value |
₹2 per share |
|
Listing |
BSE & NSE |
|
Status |
DRHP Filed |
Manipal Health Enterprises IPO Date
Current Status: DRHP Filed with SEBI
Manipal Health Enterprises Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI on March 23, 2026, marking a key step in the Manipal Health Enterprises IPO process.
Expected Timeline: While exact IPO dates have not been announced, the Manipal Health IPO date is expected within 4–6 months after SEBI approval. The company plans to list on BSE and NSE mainboards.
Key Dates to Watch
|
Event |
Status |
|
DRHP Filing |
Completed |
|
SEBI Review and Approval |
In Progress |
|
RHP Filing |
Pending |
|
IPO Opening Date |
To be announced |
|
IPO Closing Date |
To be announced |
|
Allotment and Listing |
To be announced |
Manipal Health Enterprises IPO Size
As per the DRHP, the Manipal Health Enterprises IPO size consists of a combination of Fresh Issue and Offer for Sale (OFS):
- Fresh Issue: Up to ₹80,000 million (₹8,000 crore)
- Offer for Sale (OFS): Up to 43,227,668 equity shares
The total issue size in rupee terms will be finalised after the announcement of the Manipal Health IPO price band.
Manipal Health Enterprises IPO Price Band
Price Band: To be announced
The Manipal Health Enterprises IPO price band and minimum bid lot will be disclosed in the Red Herring Prospectus (RHP). The issue will follow the 100% book-building process, where pricing is determined based on investor demand.
About Manipal Health Enterprises Limited
Manipal Health Enterprises Limited is the company behind Manipal Hospitals, one of India’s well-known healthcare networks with a focus on multi-speciality treatment, patient care, and medical excellence. Incorporated in 2010, the group traces its hospital roots to 1991, when its flagship Manipal Hospital began operations in Bengaluru; its broader legacy is linked to the Manipal Group and the medical vision of Dr. T. M. A. Pai.
Today, the company operates a large hospital network across India, with multiple hospitals, thousands of beds, and services that span diagnostics, critical care, surgery, and specialised treatment. Its work is centred on ethical care, accessible healthcare delivery, and modern clinical infrastructure, supported by experienced doctors and healthcare professionals. For SEO-friendly company content, Manipal Health Enterprises Limited can be described as a healthcare company in India that delivers trusted multi-speciality hospital services through a strong national network.
Business Highlights:
· Sector: Healthcare / Hospitals
· Core Services: Multi-specialty healthcare services
· Presence: Pan-India hospital network
Manipal Health Enterprises Consolidated Financials
|
Period Ended |
30-Sep-25 |
31-Mar-25 |
31-Mar-24 |
31-Mar-23 |
|
Assets |
20444.075 |
14072.08 |
10818.828 |
7936.783 |
|
Total Income |
4809.353 |
8362.786 |
6265.171 |
4927.568 |
|
Profit After Tax |
571.831 |
1081.672 |
533.203 |
414.204 |
|
EBITDA |
1341.151 |
2261.023 |
1596.976 |
1228.235 |
|
NET Worth |
6441.313 |
5865.659 |
4029.221 |
3325.289 |
|
Total Borrowing |
10111.1 |
4766.826 |
3943.982 |
2149.685 |
(Amount in ₹ Cr)
(Detailed financial statements are available in the Financial Information section of the DRHP.)
Conclusion
The Manipal Health Enterprises IPO represents a development in India’s healthcare and hospital sector. With the DRHP filed, the company has initiated the process toward a public listing.
The company’s presence in multi-specialty healthcare services and its expansion strategy place it within a growing segment of India’s healthcare industry. Investors may evaluate factors such as financial performance, hospital network expansion, and profitability trends once further details are disclosed.
As SEBI’s review progresses, more clarity on the Manipal Health Enterprises IPO date, price band, and valuation is expected.
For investors tracking healthcare IPOs in India, hospital IPOs, and upcoming IPOs in 2026, this issue remains one to watch.
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