Incorporated in 2010, Manipal Health Enterprises Limited is a healthcare service providers, operating a large network of multi-specialty hospitals, clinics, and diagnostic centres across the country.Incorporated in 2010, Manipal Health Enterprises Limited is a healthcare service providers, operating a large network of multi-specialty hospitals, clinics, and diagnostic centres across the country.
Manipal Health focuses on delivering quality, patient-centric care and expanding access to healthcare through strategic acquisitions, partnerships, and continuous investment in medical infrastructure and digital health initiatives. As of March 31, 2026, the company operated 49 hospitals with 13,037 licensed beds. They are operating 21 clinics as of March 31, 2026.
As of March 31, 2026, the company had 24,240 full-time employees across its hospitals and corporate functions. The workforce comprised 11,048 nurses, 6,362 paramedics, and 6,830 administrative employees, supporting its healthcare operations and patient services.
Competitive Strengths:
Manipal Health Enterprises Ltd.’s revenue increased by 26% and profit after tax (PAT) dropped by 15% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 24,864.50 | 14,072.08 | 10,818.83 |
| Total Income | 10,520.52 | 8,362.79 | 6,265.17 |
| Profit After Tax | 916.52 | 1,081.67 | 533.20 |
| EBITDA | 2,795.94 | 2,247.07 | 1,776.60 |
| NET Worth | 8,440.92 | 5,865.66 | 4,029.22 |
| Reserves and Surplus | 8,204.96 | 5,788.60 | 3,953.59 |
| Total Borrowing | 10,553.43 | 4,766.83 | 3,943.98 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Gujarat Kidney & Super Speciality Ltd. | Mainboard | ₹250.80 Cr | ₹114 | 61.62 | ₹104.54 | -8.30% | ₹128.20 (+0.79%) |
| Park Medi World Ltd. | Mainboard | ₹920.00 Cr | ₹162 | 29.21 | ₹147.95 | -8.67% | ₹280.25 (-1.50%) |
| Hannah Joseph Hospital Ltd. | SME | ₹42.00 Cr | ₹70 | 16.21 | ₹68.25 | -2.50% | ₹109.95 (+1.81%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the Material Subsidiaries, Manipal Hospitals Private Limited | 5,552.76 |
| 2 | Acquisition of minority stake in the stepdown Subsidiary, Sahyadri Hospitals Private Limited | 574.00 |
| 3 | General corporate purposes | |
| Total | 6,126.76 |
| KPI | Mar 31, 2026 |
|---|---|
| ROCE | 21.88% |
| RoNW | 10.57% |
| PAT Margin | 8.87% |
| EBITDA Margin | 27.05% |
| Price to Book Value | 8.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.77 | 6.97 |
| P/E (x) | 75.93 | 84.65 |
| IPO Date | 29 to 31 Jul, 2026 |
| Listing Date | Wed, Aug 5, 2026T |
| Face Value | ₹2 per share |
| Price Band | ₹560 to ₹590 |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹56.00 |
| Total Issue Size | 15,72,07,054 shares (agg. up to ₹9,275 Cr) |
| Fresh Issue | 13,55,93,220 shares (agg. up to ₹8,000 Cr) |
| Offer for Sale | 2,16,13,834 shares of ₹2 (agg. up to ₹1,275 Cr) |
| Share Holding Pre Issue | 1,17,97,57,321 shares |
| Share Holding Post Issue | 1,31,53,50,541 shares |
Ranjan Ramdas Pai, Manipal Global Health Services, Memg International Ltd., Kangto Investments Pte.Ltd., Imperius Healthcare Investments Pte.Ltd., Kabru Investments Pte.Ltd.
| Share Holding Pre Issue | 81.43% |
| Share Holding Post Issue | 72.08% |
As per our analysis and Based on the information we have, this is the output.
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