The company will announce the price band on July 24, with the issue expected to be open for subscription between July 29 and July 31. An email sent to Manipal Health Enterprises seeking comment remained unanswered.
The offering, which will be among the largest IPOs by an Indian healthcare services provider, comprises a fresh issue of shares worth up to ₹8,000 crore and an offer for sale (OFS) of up to 4.32 crore shares by promoters and existing investors.
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This will be the second billion-dollar IPO in 2026 after SBI Funds raised ₹9,813 crore through the IPO, the largest in 2026 so far. The issue was subscribed 41.66 times.
Axis Capital, DBS Bank India, Goldman Sachs India Securities, Jefferies India, JP Morgan India and UBS Securities India are the book-running lead managers to the Manipal issue.
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