Manipal Hospitals Prepares for $1 Billion IPO, Filing Expected by June 2025

Manipal Hospitals, backed by Temasek, has shortlisted banks for its highly anticipated $1 billion initial public offering (IPO), with plans to file by June 2025. The IPO will include a secondary offer-for-sale and a significant primary capital raise to fund growth and acquisitions. Valued at over $7.5 billion, the hospital chain operates 37 facilities across India, serving 7 million patients annually. This move positions Manipal Hospitals as one of the largest healthcare IPOs in India, reflecting the booming demand in the sector.

 

Source: Economic Times, Moneycontrol, VCCircle