Manipal Hospitals trims IPO to 80,000cr amid Middle East tensions
Manipal Hospitals is dialing back its IPO valuation to about ₹80,000 crore as it gears up for a big share sale at the end of July 2026.
This is quite a drop from the earlier $10 billion to $12 billion estimate, reflecting how investors are playing it safe with global markets feeling shaky, especially due to Middle East tensions.
Offer includes 8,000cr and stakeholder sale
The offering includes a fresh ₹8,000 crore worth of shares plus up to 43.23 million shares sold by current stakeholders like TPG Inc.
The money raised will help Manipal pay off debt, upgrade facilities, and fuel future growth, with support from top financial firms like Kotak Mahindra Capital and Goldman Sachs.
If all goes well, this could become India's biggest public listing of 2026 so far, beating SBI Funds Management's record and showing just how much healthcare is getting attention, even when markets are tough.