Manipal Health Receives SEBI Approval to List IPO
By ETF Desk
St. Kiran’s Manipal Health, a leading tertiary care provider, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering. The clearance allows the company to list its shares on the Bombay Stock Exchange and the National Stock Exchange, marking a significant milestone for the Manipal group.
Founded in 2022, Manipal Health has expanded its network of specialty hospitals across Karnataka, with a focus on cardiology, oncology, and neurology. The IPO, priced at ₹645 per share, follows the Manipal Group’s strategy to diversify capital and support further infrastructure growth.
The listing is expected to strengthen the healthcare ecosystem in the western coastal region, including the Udupi District, by creating new job opportunities and improving access to quality services. Investors anticipate a strong market reception, potentially boosting the regional economy. Source: Google News – Manipal.