Manipal Health Enterprises Limited

Minimum Investments

₹14,000

Price Range

₹560 - ₹590

Issue Size

₹9,275.22 Cr

Lot Size

25shares

Proceeds of this IPO to be used for

Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of their material subsidiaries, namely, Manipal Hospitals Private Limited

Acquisition of minority stake in its stepdown subsidiary, Sahyadri Hospitals Private Limited

General corporate purposes

Strengths & Weaknesses

Brand reputation

The Manipal Hospitals brand is widely recognized in India for serving millions of patients and receiving multiple awards, with its flagship Manipal Hospital Old Airport Road ranked the top hospital in Bengaluru for 20 years. The company follows a patient-centric approach with high clinical standards, digital integration, and efficient processes to deliver seamless and personalized healthcare services

Pan-India presence

The company is the largest pan-India multispecialty hospital network by bed capacity and the second largest by number of hospitals, with a wide presence across 14 states and union territories. Its strong regional leadership and extensive footprint enable broader healthcare access, a diverse patient base, and robust operational scale across India

Advanced infrastructure & medical equipment

The company focuses on strong clinical outcomes supported by advanced medical infrastructure, technologies, and a decentralized operating model that enables efficient decision-making and scalability. Its network is equipped with modern equipment and diverse bed configurations, allowing it to deliver high-quality tertiary and quaternary care to a wide patient base

Operational risks

The company primarily generates revenue from inpatient care and is dependent on maintaining patient volumes and hospital occupancy rates. Any decline due to operational factors or external conditions such as demand, competition, or weather may adversely impact its financial performance and growth prospects

Regulatory risks

The company is exposed to legal claims, regulatory actions, and operational risks inherent in healthcare services, which may adversely affect its reputation and financial performance. Issues such as patient complaints, medical negligence claims, or disruptions like quarantines may impact hospital operations and service quality

Medical negligence risks

The company may face claims and litigation related to alleged medical negligence, overcharging, or inappropriate treatments by its healthcare professionals. Such risks, including higher chances of misdiagnosis in tele-consultations, may adversely impact its reputation and business performance

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)	Mar 2026	Y/Y Change
Operating Revenue	10,335.75	+25.40%
Other Income	184.76	+53.28%
Total Income	10,520.52	+25.80%
Total Expenditure	9,268.42	+29.91%
EBIDT	2,795.94	+24.43%
Depreciation	679.55	+34.08%
Interest	864.29	+68.85%
Tax	261.51	+62.79%
Net Profit	892.32	-16.24%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)	Mar 2026
Total Current Assets	4,109.00
Total Non-Current Assets	20,755.51
Fixed assets	11,427.60
Total Assets	24,864.50
Total Current liabilities	3,362.37
Total Non Current Liabilities	12,703.37
Total Equity Plus Liabilities	24,864.50
Total Shareholder Funds	8,426.09
Total Debt to Equity	125.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)	Mar 2026
Cash from Operating Activity	2,078.40
Cash from Financing Activities	4,954.44
Cash from Investing Activities	-7,036.74
Net Cash Flow	-3.90

About the Company

Manipal Health Enterprises was incorporated on February 15, 2010. The company operates a pan-India network of multispecialty hospitals offering comprehensive care from outpatient services to advanced tertiary and quaternary treatments. It has the widest hospital footprint among private chains and is the largest by bed capacity and second largest by number of hospitals in India as of September 30, 2025

Promoter
Ranjan Ramdas Pai
Promoter
Manipal Global Health Services
Promoter
MEMG International Ltd
Promoter
Kangto Investments Pte. Ltd.
Promoter
Imperius Healthcare Investments Pte. Ltd.
Promoter
Kabru Investments Pte. Ltd.

FAQs for Manipal Health Enterprises Limited IPO

Manipal Health Enterprises Limited IPO refers to the initial public offering of shares by Manipal Health Enterprises Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

For Manipal Health Enterprises Limited IPO the issue size is ₹9,275 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

For Manipal Health Enterprises Limited IPO the minimum investment is ₹14.0 K. The minimum investment for Manipal Health Enterprises Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

For Manipal Health Enterprises Limited IPO the lot size is 25 shares. The lot size of Manipal Health Enterprises Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

To apply for Manipal Health Enterprises Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Manipal Health Enterprises Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Manipal Health Enterprises Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Manipal Health Enterprises Limited IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

For Manipal Health Enterprises Limited IPO the allotment date is 03 Aug 2026. The allotment date of Manipal Health Enterprises Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

For Manipal Health Enterprises Limited IPO, the subscription opens on 29 Jul 2026 and closes on 31 Jul 2026. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.