Manipal Hospitals IPO Sets Price Band at ₹560-₹590 Per Share
By ETF Desk
Manipal Hospitals, a leading healthcare provider in India, has announced the price band for its initial public offering (IPO). The IPO will open on September 5 and close on September 7. The company has set a price band of ₹560 to ₹590 per share, with a lot size of 50 shares. The IPO will comprise a fresh issue of ₹1,200 crore and an offer for sale of ₹5,000 crore by existing shareholders.
The IPO is expected to be a significant milestone for Manipal Hospitals, which has been expanding its presence in India and abroad. The company has a strong presence in the Indian healthcare market, with a network of hospitals and clinics across the country. The IPO proceeds will be used to fund the company's expansion plans, including the development of new hospitals and clinics.
The IPO is expected to have a significant impact on the Indian healthcare sector, as it will provide a platform for Manipal Hospitals to raise funds and expand its presence in the market. The IPO is also expected to attract investors who are looking to invest in the healthcare sector.
Source: Google News – Manipal.