IPO Analysis > Manipal Hospitals IPO
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Manipal Hospitals said to file $1 ... 

Find out if Manipal Hospital's IPO is worth applying for. 


The Indian healthcare sector has witnessed high growth with rising demand for quality medical services and infrastructure. In this industry, Manipal Health Enterprises is planning to file for a USD 1 billion initial public offering in January.


The company is targeting a valuation in the range of USD 12–15 billion. The initial public offering will include a new issuance of shares, with a small portion available for sale by existing investors. This will provide existing investors, including Temasek Holdings and TPG Capital, an opportunity to partially exit their investments.


Note: 50% of shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Manipal Hospital India Limited: Understanding the Company Profile 


Particulars

Descriptions

Full Name

Manipal Health Enterprises Private Limited

Founded In 

1991

Headquarters 

Bengaluru, Karnataka

Founder 

Dr T.M.A. Pai


Funding History and Major Investments

Get a better Manipal Hospital India Limited review as per its funding history: 


Date of Funding

Funding Amount

Round Name

Investors

Feb 05, 2024

USD 85.2 Million

Series E

Mubadala, Temasek

Apr 01, 2021

USD 286 Million

Series D

NIIF, TPG

Feb 26, 2015

USD 150 Million

Series C

TPG, Premji Invest

Nov 28, 2012

USD 100 Million

Series B

True North, Faering Capital

Nov 22, 2010

USD 23.9 Million 

Series A

Kotak Private Equity Group, Kotak Mahindra Bank


  • Major Acquisitions Driving Growth


Acquisition

Date

Details

Columbia Asia India Operations

2021

₹2,100 Crores; acquired 11 hospitals

Vikram Hospital, Bengaluru

June 2021

₹350 Crores

AMRI Hospitals, Kolkata

2022-2023

₹2,400 Crores; West Bengal approval pending

Sahyadri Hospitals, Maharashtra

July 2025

Over ₹6,000 Crores



Decoding Manipal Hospital IPO Financial Statements


Particulars

31 March 2025

31 March 2024

Revenue From Operations (₹ Crores)

2,153.75

1,787.81

Total Income (₹ Crores)

2,179.11

1,817.89

Profit for the Year (₹ Crores)

331.22

233.97

EPS (₹)

3.23

2.28

Cashflow from Operations (₹ Crores)

467.49

408.97

Debt-equity ratio (%)

0.38

0.47

ROE (%)

0.31

0.29

ROCE (%)

32.26

32.95


Manipal Hospitals IPO Details


Particulars

Details

IPO Size

USD 1 billion

Filing Timeline 

January 

Expected Valuation

USD 12-15 billion

Investment Bankers

Kotak Mahindra Capital, Axis Bank, Goldman Sachs (India), JPMorgan Chase (India), Jefferies (India)


Should You Apply for the Manipal Hospital IPO?


As of December 5, 2025, the Manipal Hospital IPO GMP has not been available, as the company will file its DRHP in January. You can view the IPO's live GMP and the subscription status. Check the Manipal Hospital Limited DRHP and RHP once available. Click on Apply Now

FAQs

1. What is the Manipal Hospital IPO review?

Manipal Hospital is a hospital operator in India. They are aiming to raise USD 1 billion at a valuation of USD 12-15 billion. For the latest details, you can also look for the GMP updates

2. What is the Manipal Hospital IPO date?

The Manipal Hospitals DRHP is expected to be filed with SEBI in January 2026. Live subscription details can be monitored through Finnpick. 

3. What is the Manipal Hospital IPO price? 

The Manipal Hospital IPO price today is unavailable as of December 5, 2025. Also, you can check the Manipal Hospital IPO DRHP and RHP for price band details.  

4. Do I need a demat account to bid for the Manipal Hospital Limited IPO?

Yes, a demat account is required to bid for the Manipal Hospital Limited IPO. Click here to get the ultimate list of the top demat account providers.
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