If you are planning to invest in an IPO, this could be an important opportunity to watch. Manipal Hospitals is preparing to launch one of the biggest IPOs in India’s healthcare sector this year.
According to reports, the company may start investor meetings and promotional activities as early as next week. The IPO is already creating strong buzz in the market because of the company’s large size and strong presence across India.
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Company Targets ₹1.15 Lakh Crore Valuation
Manipal Hospitals is backed by Singapore-based investment giant Temasek. The company plans to raise nearly $1 billion, which is around ₹9,600 crore, through this IPO.
Sources say the hospital chain is aiming for a valuation of nearly $12 billion, or around ₹1.15 lakh crore. If this happens, it could become one of the biggest healthcare IPOs in India.
As per documents filed with Securities and Exchange Board of India, the company will issue fresh shares worth ₹8,000 crore. The money raised will mainly be used for expansion plans and reducing debt.
At the same time, some existing investors will also sell around 3.66% stake through the Offer for Sale (OFS) route.
Big Global Investors May Sell Stakes
Several major investors already have stakes in Manipal Hospitals and may sell a small part of their holdings in the IPO. These include:
TPG
Temasek
Novo Holdings
Phoenix Bear Investments
Manipal Education and Medical Group
Why Investors Are Interested
The Indian stock market has been facing pressure due to global tensions and the Middle East crisis. In such a situation, a large IPO from a trusted healthcare brand could improve market sentiment.
After Apollo Hospitals, Manipal Hospitals is considered one of the country’s biggest hospital chains. The company has hospitals in many major Indian cities and a strong presence in the healthcare sector.
Market experts believe this IPO could attract long-term investors because healthcare is seen as a stable and growing sector.
When Can the IPO Open?
Manipal Hospitals filed its Draft Red Herring Prospectus (DRHP) in March 2026. If investor response remains positive, the IPO could open for subscription in the first or second week of June.
Several major financial firms are handling the IPO process, including Kotak Mahindra Capital, Axis Bank, Goldman Sachs, and JP Morgan.
Experts say investors looking at the healthcare sector for long-term growth should keep a close eye on this IPO because of the company’s strong business and backing from large global investors.