Manipal Health Enterprises Secures SEBI Approval for $1.2 Billion IPO, Targets July Launch

Manipal Health Enterprises has won the nod from the Securities and Exchange Board of India (SEBI) to go public with a $1.2‑billion initial public offering (IPO). The company plans to debut its shares on the Indian stock exchange in July, following a revised price range that lifts its valuation to a peak of ₹170 per share.

The Bangalore‑based conglomerate, which operates a chain of hospitals and a diagnostic centre chain across southern India, first floated in 2017 at a valuation of $300 million. The new valuation reflects expanding demand for healthcare services and a broader investor appetite for healthcare equity. Udupi, a coastal city in Karnataka, is one of many places where patients often travel to Manipal hospitals for specialised care, making the listing significant for the local healthcare ecosystem.

The IPO is expected to raise up to ₹90 billion ($1.2 billion) and could boost Udupi’s access to advanced medical services. Investors anticipate a strong upward price movement as shares open on the launch day. Source: Google News – Manipal.