Manipal Health Closes In on ₹10 Billion IPO After SEBI's Green Light
By ETF Desk
Manipal Health, the healthcare arm of the Manipal group, has secured the nod from the Securities and Exchange Board of India (SEBI), bringing it one step closer to a public listing that could raise up to ₹10 billion.
Founded in 1998, the company has grown from a single maternity unit to a network of multi‑specialty hospitals across Karnataka, and it is now planning to list on both the BSE and NSE in the next quarter. The board had already announced a 10% equity IPO in February, and the regulatory clearance means the company can proceed with pricing and marketing.
Analysts say the listing will provide a significant capital infusion to support expansion into new cities and health‑tech initiatives, while shareholders will likely see a premium if the stock launches within the expected valuation range. Source: Google News – Manipal.