Manipal Hospitals, one of India’s leading hospital networks, is gearing up to launch an initial public offering (IPO) worth around ₹11,000 crore. The company is expected to soon file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a major step toward listing on the stock exchanges.
The IPO is likely to include a mix of fresh issue of shares and an offer for sale (OFS) by existing investors. Through the fresh issue component, the hospital chain aims to raise capital to support expansion plans, reduce debt, and invest in advanced medical infrastructure and technology.
Backed by global investors such as private equity firms and sovereign funds, Manipal Hospitals has been actively expanding its footprint across India through acquisitions and organic growth. The company currently operates a large network of multi-specialty hospitals, with a strong presence in metropolitan and tier-2 cities.
The planned IPO comes amid increasing investor interest in India’s healthcare sector, driven by rising demand for quality medical services, growing health awareness, and post-pandemic investments in healthcare infrastructure.
If successful, this would be one of the largest healthcare IPOs in India, further strengthening Manipal Hospitals’ position in the competitive hospital chain segment alongside other listed players.