Manipal Hospitals Lowers IPO Valuation to $5 Billion

Manipal Hospitals, the Bangalore‑based healthcare group, has announced that it will lower the valuation of its pending IPO from the previously estimated $10–12 billion to about $5 billion.

The revision follows a prudently conservative assessment of market demand and a need to align with investor expectations amid turbulent equity markets, according to company spokespersons.

This change is expected to reduce the capital the group can raise, potentially delaying the listing and influencing its expansion plans across Karnataka, including its facilities in Udupi district. Source: Google News – Manipal.