Manipal Hospitals and TruHome Prepare for July 2024 IPOs
By ETF Desk
Manipal Hospitals, a flagship brand of Manipal Group, has announced its plans to list on the stock exchanges this July, along with TruHome Pvt. Ltd., a residential real estate developer headquartered in Udupi. The two firms are seeking new equity to support their growth strategies, with Manipal Hospitals looking to expand its footprint across Karnataka and beyond, and TruHome aiming to raise capital for large‑scale housing projects.
Both companies are reportedly undergoing the underwriting process, completing the required disclosures to the Securities and Exchange Board of India (SEBI) of the forthcoming offer. Boards have approved the schemes, and other preparatory steps such as adviser appointments and regulatory approval have progressed.
With the pullback of big‑cap IPOs earlier in the year, the launch of these mid‑cap entities could provide new investment opportunities for regional investors in Udupi and the broader healthcare and residential markets. The proceeds will likely be used to deepen clinical capabilities and fund new housing developments. Source: Google News – Manipal.