Manipal Health IPO Receives SEBI Approval, Set for Listing
By ETF Desk
SEBI confirmed its approval of Manipal Health’s initial public offering on 5 July 2024, signalling the company’s readiness to list on a national stock exchange after a thorough review of its prospectus and regulatory filings.
Manipal Health, a subsidiary of the renowned Manipal Group, has built a chain of 30 hospitals across Karnataka, aiming to expand its footprint further into the Western and Southern states of India. The IPO, valued at ₹5,500 crore, intends to raise capital for acquisitions, technology upgrades and infrastructure development.
The approval is expected to bring fresh investment into the healthcare sector and could boost related supply chain and employment opportunities in Udupi and surrounding districts. Source: Google News – Manipal.