Manipal Health to Raise ₹55 Cr in IPO, Sets GMP at ₹110 per Share
By ETF Desk
Manipal Health, the for-profit arm of the Manipal Group, has announced an initial public offering (IPO) aimed at raising ₹55 crore. The company will price its shares at ₹110 each, with a guaranteed minimum price (GMP) also set at ₹110.
Manipal Health, which offers specialised healthcare services across multiple specialties, will utilise the proceeds mainly to expand its network of hospitals and invest in technology to improve patient care. The IPO marks a significant step as the company seeks to build a broader investor base in a market that has seen rising demand for healthcare infrastructure.
Analysts predict that the funds could propel the company to achieve a net profit of roughly ₹1.6 crore by the year 2026, reflecting steady growth in the Indian healthcare sector. Source: Google News – Manipal.