Manipal Hospitals to Scale Down IPO Valuation to $8-9 Billion

Manipal Hospitals Limited, headquartered in Manipal within Udupi District, Karnataka, announced that it will lower the valuation of its initial public offering (IPO) from the previously expected $10-12 billion range to about $8-9 billion.

The move comes after the group sought advice from investment banks and noted recent volatility in the Indian equity market, especially within the healthcare sector. Analysts say the revised valuation aligns better with comparable listings and investor sentiment.

The valuation cut will affect the size of the offering and the amount of capital the hospital conglomerate can raise, potentially influencing its expansion plans across Karnataka and beyond. Still, the IPO is expected to attract substantial interest from institutional and retail investors. Source: Google News – Manipal.