Manipal Health Enterprises IPO Day 2: Subscription Status, Timeline & Key Issue Details

Manipal Health Enterprises’ ₹9,275.22 crore IPO entered its second day of subscription today, July 30, 2026, with a price band of ₹560 to ₹590 per share. As of 10:00 AM on Day 2, the IPO had been subscribed 0.16 times.

The IPO will remain open for subscription until July 31, 2026. The basis of allotment is expected to be finalised on August 3, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on August 5, 2026.

Manipal Health Enterprises IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹9,275.22 crore
• Fresh Issue: Up to ₹8,000 crore
• Offer for Sale (OFS): Up to ₹1,275.22 crore
• Face Value: ₹2 per equity share
• Price Band: ₹560 to ₹590 per share
• Lot Size: 25 shares
• Minimum Investment Amount (Retail Investor): ₹14,750 (25 shares at the upper price band)
• Listing: BSE, NSE
• Book Running Lead Managers: Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, UBS Securities India Private Limited and DBS Bank India Private Limited
• Registrar: KFin Technologies Limited

Manipal Health Enterprises IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Repayment or prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of its material subsidiaries, namely, Manipal Hospitals Private Limited
•  Acquisition of a minority stake in its stepdown subsidiary, Sahyadri Hospitals Private Limited
• General corporate purposes.

Explore other Upcoming IPOs on BSE and NSE.

Manipal Health Enterprises Day 2 Subscription Status

[July 30, 2026, 10:00 AM]

About Manipal Health Enterprises Limited

Manipal Health Enterprises is one of India's largest multispecialty hospital networks, operating 49 hospitals with 13,037 licensed beds across 14 states and union territories as of March 31, 2026. The company is the country's largest private hospital chain by bed capacity and the second largest by number of hospitals. During Fiscal 2026, it treated 7.63 million patients and had a network of 11,064 doctors.

The company focuses on tertiary and quaternary healthcare services, with specialties including cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics, and renal sciences (CONGO-R), which together accounted for 64.3% of its gross inpatient revenue in Fiscal 2026. Manipal Health has expanded its footprint through acquisitions such as AMRI Hospitals, Medica Synergie, and the Sahyadri Group, and aims to increase its capacity by adding around 2,426 licensed beds by 2030.

Key Financial Highlights 

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