BSE List Price : ₹

NSE List Price : ₹

subscription

Category	Times
QIBs	8.54x
HNIs	1.06x
Retail	0.97x
Total : 5.12x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	25	₹14,750
Retail Maximum	13	325	₹191,750
S-HNI Minimum	14	350	₹206,500
S-HNI Maximum	67	1,675	₹988,250
B-HNI Minimum	68	1,700	₹1,003,000

About the Company

Manipal Health Enterprises Limited is a leading healthcare provider in India with a broad network of hospitals, clinics, and diagnostic centres. The company is a part of the Manipal Group, established by T. M. A. Pai.

The company offers a wide range of healthcare services across various specialties, including organ transplantation, oncology, cardiology, neurology, orthopaedics, and preventive care.

Manipal Health is committed to providing quality healthcare services while enhancing access to medical care. As of September 30, 2025, it operated 38 hospitals (or 48 hospitals on a pro forma basis) with 10,761 operational beds (or 12,367 licensed beds on a pro forma basis). In addition, the company operated 17 clinics.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹4927.57	₹4225.20	₹414.20	₹7936.78
2024	₹6265.17	₹5340.51	₹533.20	₹10818.83
2025	₹8362.79	₹7134.43	₹1081.67	₹14072.08
2026	₹10520.52	₹9268.42	₹916.52	₹24864.50

Company Promoter

Dr. Ranjan Ramdas Pai

Manipal Global Health Services

Memg International Ltd.

Kangto Investments Pte. Ltd.

Imperius Healthcare Investments Pte. Ltd

Kabru Investments Pte. Ltd.

Know before investing

• • Strengths

  Experienced Management with Strong Shareholder Backing: The company is guided by a seasoned management team, supported by reputed institutional shareholders, providing leadership stability, operational strength, and a foundation for long-term growth.

  Strong Presence Across Major Metro Cities: The company is the only private hospital chain with a dominant presence in Bengaluru, Kolkata, and Pune, complemented by a well-diversified network spanning both metro and non-metro locations.

• • Risks

  Reliance on Inpatient Services: A substantial portion of the company's revenue is generated from inpatient admissions and hospital occupancy. Any decline in patient admissions or occupancy levels could adversely affect its revenue and profitability.

  Operational & Regulatory Compliance Risk: The company is exposed to risks such as legal proceedings, regulatory actions, operational disruptions, medical equipment failures, and hospital interruptions, which may negatively impact its financial performance and reputation.

Objects of the Issue & Utilisation of proceeds

Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the Material Subsidiaries, Manipal Hospitals Private Limited

Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited

General corporate purposes

Company  Address

Manipal Health Enterprises Ltd.
The Annexe,
98/2, Rustom Bagh,
HAL Airport Road,
Bengaluru, Karnataka, 560017
Phone: +9180 4936 0300
Email: legalcs@manipalhospitals.com
Website: https://www.manipalhospitals.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: manipal.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

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