IPO
Hospital chain Manipal Health gets Sebi nod for $1.2 B IPO
Bengaluru-based Manipal Health Enterprises has received approval from the Securities and Exchange Board of India (Sebi) for its upcoming initial public offering (IPO). The hospital chain is planning a market in late July or early August. The company is backed by Singapore-based Temasek. Manipal Health filed for an IPO of $1.2-B in March.
Between Sep 2010 and Jun 2025, Manipal Health Enterprises had attracted about $3,888-M from Kotak Alternate, Faering Capital, TrueNorth, TPG Capital, Temasek, Morgan Stanley, NIIF, Mubadala Investment, Novo Holdings, KKR, and others.For FY25, Manipal Health Enterprises had reported about Rs.3,104-Cr in Operating Income and about Rs.535-Cr in PAT.
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