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Manipal Health Enterprises IPO opens July 29, priced at ₹560-₹590
The offer is set to value the company above ₹77,600 crore at the upper end, after raising ₹4,167 crore from anchor investors, with listing expected Aug. 5.
Manipal Health Enterprises says its initial public offering will open for public subscription on July 29 and close on July 31, with the IPO price band set at ₹560 to ₹590 per share. At the top of the range, the deal values the company at over ₹77,600 crore, according to LiveMint Markets.
The company raised ₹4,167 crore from anchor investors ahead of the issue. A BSE circular cited participation from Abu Dhabi Investment Authority, Allianz Global Investors Fund, Morgan Stanley Asia, Natixis International Fund, Societe Generale, and Goldman Sachs Bank Europe, along with domestic institutional investors including ICICI Prudential Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life Mutual Fund, UTI Mutual Fund, and HSBC Mutual Fund.
Under the allocation structure, up to 75% of the issue is reserved for Qualified Institutional Buyers, not less than 15% for Non-Institutional Investors, and at least 10% for Retail Individual Investors. The IPO lot size is 25 equity shares, with bids accepted in multiples of 25 shares.
The tentative timetable calls for allotment to be finalized on Monday, Aug. 3, with refunds and share credits to demat accounts likely on Tuesday, Aug. 4, and listing on BSE and NSE on Wednesday, Aug. 5. LiveMint Markets also noted a grey-market premium, with Manipal Health Enterprises IPO GMP marked at +10 and an estimated listing price of ₹600 per share, or 1.7% above the ₹590 upper end.