Manipal Health Enterprises IPO
Manipal Health Enterprises Limited (MANIPALHOS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 05 August 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +3.6% (likely range 0% to +12%), day's high +13.1%, chance of a gain 51%. Actual: +10.5% at the open, +14.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 4,87,39,889 | 40,21,59,425 | 8.25x | |
| NII (HNI) total | 2,46,30,467 | 2,50,39,675 | 1.02x | |
| Big NII (above ₹10 lakh) | 1,64,20,312 | 1,76,78,100 | 1.08x | |
| Small NII (₹2-10 lakh) | 82,10,155 | 73,61,575 | 0.90x | |
| Retail | 1,64,20,311 | 1,52,23,475 | 0.93x | |
| Employees | 2,97,619 | 6,50,450 | 2.19x | |
| Total | 9,00,88,286 | 44,30,73,025 | 4.92x |
Bids on NSE and BSE together, as published by NSE, as of 31 Jul 2026, 07:00 PM. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Manipal Health Enterprises's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Schloss BangaloreMay 2025 | 7.46x | 1.02x | 0.83x | 4.50x | ₹3,686 Cr | -6.7% | +0.9% |
| SBI Life Insurance CompanySep 2017 | 12.6x | 0.70x | 0.85x | 3.58x | ₹8,400 Cr | +5.0% | +5.7% |
| ICICI Lombard General Insurance CompanySep 2017 | 8.17x | 0.83x | 1.23x | 2.98x | ₹5,701 Cr | -1.5% | +5.0% |
| SwiggyNov 2024 | 6.02x | 0.41x | 1.14x | 3.59x | ₹11,329 Cr | +7.7% | +19.4% |
| HDFC Standard Life Insurance CompanyNov 2017 | 16.6x | 2.29x | 0.94x | 4.90x | ₹8,695 Cr | +6.9% | +27.2% |
| Vedant FashionsFeb 2022 | 7.49x | 1.07x | 0.39x | 2.57x | ₹3,149 Cr | +8.0% | +14.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| Goldman Sachs (India) Securities | 16 | +18.4% | 69% |
| Jefferies India | 26 | +19.5% | 81% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| UBS Securities India | 5 | +9.9% | 100% |
| DBS Bank India | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Manipal Health Enterprises IPO price band and lot size? ₹560–590 per share, with a lot of 25 shares, so the smallest retail bid is ₹14,750.
How many times has it been subscribed? 4.92x overall: QIB 8.25x, NII 1.02x, retail 0.93x, employees 2.19x.
How did it list? It opened at ₹652, +10.5% against the issue price of ₹590, and closed its first day +13.0%.
