Manipal Hospitals seeks $1 billion from India IPO
By ETF Desk
Manipal Hospitals Ltd., a leading private healthcare provider in India and backed by Singapore’s Temasek Holdings, has filed a prospectus with the Securities and Exchange Board of India (SEBI) to launch a primary public offering aimed at raising US$1 billion.
The bid follows the company’s recent expansion into tier‑2 and tier‑3 cities and a push to modernise its existing, state‑of‑the‑art facilities. The IPO will list shares on the Bombay Stock Exchange and National Stock Exchange, with an offering price set between ₹48 and ₹52 per share, targeting a share range of 38 % to 45 % of the existing equity. Regulators have welcomed the filing, noting that a larger listing will help Manipal fund its planned acquisitions and digitisation projects across Karnataka, Andhra Pradesh and Tamil Nadu.
Investors see the move as a sign of increasing confidence in India’s healthcare sector, especially as demand for specialist treatments rises. The IPO could potentially elevate Manipal Hospitals to one of the largest listed private hospitals in the country and set a benchmark for healthcare listings. Entertainment and consumer‑goods companies had recently seen successful debuts, indicating a positive market climate for the company’s upcoming issue. Source: Google News – Manipal.