1 month ago
Manipal Health IPO sees slow start
Manipal Health Enterprises, which runs many hospitals in India, recently started selling shares to the public for the first time.
On the first day, not many people wanted to buy these shares, so only a small part of the shares were sold.
The company has a lot of hospitals and beds, which is good.
They plan to use the money from selling shares to pay back loans and buy a part of another hospital.
The shares will be officially available to buy on August 5.
Manipal Health Enterprises IPO subscribed 15% on the opening day.
Retail portion subscribed 27%, employee quota 95%, NII 8%, QIB 15%.
Company operates 49 hospitals with over 12,600 beds across 24+ cities.
IPO comprises a fresh issue of ₹8,000 crore and an offer for sale of ₹1,275.2 crore.
Proceeds to be used for repaying borrowings, acquiring a minority stake, and general corporate purposes.
- Who
- Manipal Health Enterprises
- What
- Initial Public Offering (IPO)
- Where
- India
- When
- Opening day of subscription
- Why
- To raise funds for repaying borrowings, acquiring a minority stake, and general corporate purposes
Investor Caution
Company Strengths
Market Response
Investor Caution
Investors showed muted interest, with the IPO subscribed only 15% on the opening day.
Company Strengths
The company has a strong network of 49 hospitals with over 12,600 beds across 24+ cities.
Investor Categories
Investor Caution
Retail and non-institutional investors showed limited interest, with subscriptions of 27% and 8% respectively.
Company Strengths
The employee quota was fully subscribed, indicating strong internal confidence.
Fund Utilization
Investor Caution
The company plans to use a significant portion of the funds to repay borrowings, which may raise concerns about financial health.
Company Strengths
The company also plans to acquire a minority stake in Sahyadri Hospitals, indicating strategic growth plans.
Key facts
- IPO Subscription
- 15%
- Retail Subscription
- 27%
- Employee Subscription
- 95%
- NII Subscription
- 8%
- QIB Subscription
- 15%
- Price Band
- ₹560-590 per share
- Total Issue Size
- ₹9,275 crore
- Grey Market Premium
- ₹10 per share
- Listing Date
- August 5
Quotes
Abu Dhabi Investment Authority representative
Investor from the Abu Dhabi Investment Authority
“Based on our primary assumptions and forecasts, we believe Manipal Health is well positioned for its next phase of growth. We expect revenue and EBITDA to grow at a CAGR of ~18% and ~17%, respectively, between FY26‑FY28 driven by capacity expansion, improving occupancy, and higher ARPOB.”
financialexpress.com
“We are pleased to support Manipal Health Enterprises as it expands its healthcare network across India.”
livemint.com
Company spokesperson
Representative of Manipal Health Enterprises
“The fresh issue will be used to repay borrowings, acquire a minority stake in our step‑down subsidiary Sahyadri Hospitals, and support general corporate purposes.”
livemint.com
Sources
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