Manipal Hospitals trims IPO valuation to $8.3bn

Temasek-backed Manipal Hospitals announced today that it is reducing the valuation of its upcoming initial public offering to US$8.3 billion, down from the previously reported figure of around US$9.5 billion.

The strategic healthcare group is one of Karnataka’s key medical providers and has been seeking to raise capital through the listing to fund expansions, especially in Udupi district where it operates several tertiary care centres.

The valuation cut follows mixed market sentiment and a wider trend of tech‑heavy Asian IPOs scaling back expectations. A lower price could tighten the amount of fresh capital available for new hospitals and research projects in the region. Source: Google News – Manipal.