Manipal Health Enterprises Launches IPO: Pricing, Subscription Dates Set
By ETF Desk
Manipal Health Enterprises (MHE), a prominent health-tech firm in Karnataka, has officially launched its initial public offering (IPO). Shares have been priced within a band of ₹12 to ₹14 per share, with a guaranteed minimum price (GMP) of ₹13.
The IPO will be open for subscription from 27 September 2023 to 4 October 2023. MHE plans to issue 60 million shares (SMS), with the entire allotment expected to be fully subscribed. The company aims to raise approximately ₹118 crore to fund future expansion of its national network of hospitals and clinics.
This listing is expected to attract both retail and institutional investors and could further solidify MHE’s position as a key player in Karnataka’s health sector. The IPO is listed on the National Stock Exchange and Bombay Stock Exchange. Source: Google News – Manipal.