Manipal Hospitals, backed by Temasek, Secures SEBI Approval for IPO, Plans July Listing
By ETF Desk
Manipal Hospitals, a leading private health‑care provider in Karnataka, has obtained approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) of its shares.
Backed by Singapore’s Temasek Holdings, the hospital chain is targeting a listing toward the end of July, following a successful filing of its prospectus in May. The company intends to raise funds to finance expansion, technology upgrades and to deepen its presence across India.
The approval is a significant milestone for the company, strengthening its market position and providing investors exposure to the growing healthcare sector. Analysts say the IPO could value the company at upwards of ₹5,000 crore, making it one of the biggest in the industry this year. Source: Google News – Manipal.