Manipal Health Enterprises' initial public offering (IPO) closed on July 31, 2026, with a subscription of 2.54 times, according to thehindubusinessline.com. The IPO was open from July 29 to July 31, with a price band set between ₹560 and ₹590 per share. The company aimed to raise ₹8,000 crore through this public offering.
The IPO attracted significant interest from both global and domestic institutional investors. As of the third day, the issue was booked 45% of the total shares, per livemint.com. The allotment of shares is expected on August 3, with the shares scheduled to debut on the stock exchanges on August 5. The strong subscription reflects investor confidence in Manipal Health Enterprises' business model and growth prospects.
This IPO is one of the largest in the healthcare sector this year, highlighting increased investor appetite for healthcare services companies in India. The ₹8,000 crore target places Manipal Health Enterprises among the top-tier healthcare listings, comparable to recent large-cap healthcare IPOs. The participation of institutional investors underscores the sector's potential amid rising demand for healthcare infrastructure and services.
The allotment process will conclude on August 3, with the company’s shares expected to begin trading on August 5, 2026. The subscription figures and allotment dates are confirmed by the company filings and market disclosures, marking a key milestone in Manipal Health Enterprises’ public market debut.