MUMBAI, NATIONAL, GPN / NEWSMAN SACHIN:  Bangalore-based Manipal Health Enterprises gets final Sebi nod for its IPO. The Company had filed its IPO papers with Sebi on 25 March, 2026.

The IPO is a fresh issue of up to Rs 8,000 crore, and an offer-for-sale of up to 43,227,668 equity shares by promoters – Imperius Healthcare Investments Pte. Ltd, and Manipal Education and Medical Group India Private Limited.

Investors selling shares include TPG SG Magazine Pte. Ltd, Seventy Second Investment Company LLC, Ammar Sdn Bhd, Novo Holdings Invest Asia A/S and Phoenix Bear Investments, LLC.

The proceeds from its fresh issuance worth Rs 5,378 crore will be utilised for repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the company’s material subsidiaries, Manipal Hospitals Private Limited, Rs 574 crore for acquisition of minority stake in the company’s step-down subsidiary, Sahyadri Hospitals Private Limited, and general corporate purposes.

The company, in consultation with the book-running lead managers, may consider a pre-IPO Placement for up to Rs 1,600 crore. The pre-IPO placement if completed, the fresh issue size will be reduced.

About the company – Manipal Health Enterprises Limited

The company operates a pan India network of multispecialty hospitals delivering a comprehensive range of care services, from outpatient services to complex tertiary and quaternary interventions. As of September 30, 2025, the company operates 38 hospitals (48 hospitals on a pro forma basis) with 10,761 licensed beds (12,367 licensed beds on a pro forma basis) across 14 states and union territories.

It has the widest footprint in terms of presence of hospitals among private hospital chains in India as of September 30, 2025 (Source – CRISIL Report).

The company is the largest pan-India multispecialty hospital network by bed capacity and the second-largest hospital chain by number of hospitals as of September 30, 2025 (Source – CRISIL Report).

In November 2025, the company commenced operations at its 49th hospital in Bengaluru, which increased its licensed bed capacity to 12,631 licensed beds as of December 31, 2025. For Fiscal 2025, the company reported the second-highest revenue from operations of Rs 92,635.56 million (on a pro forma basis) among private hospital chains in India and reported the third-highest revenue from operations of Rs 82,422.50 million, among private hospital chains in India (Source – CRISIL Report).

Its revenue from operations was Rs 4,713 crore during the six-month ended September 30, 2025 and its net profit was Rs 571.8 crore.