Temasek-backed Manipal Hospitals likely to launch July IPO $10bn valuation
Business
Manipal Hospitals, one of India's biggest healthcare chains, is likely to launch its IPO in July 2026, aiming for a $10 billion valuation.
Backed by Temasek Holdings, the offering will include new shares worth about ₹8,000 crore and a chunk of shares sold by existing investors.
Manipal Hospitals could be $1bn IPO
This could be India's first billion-dollar IPO of the year and might give the stock market some fresh energy after a slow start in 2026.
Big names like Kotak Mahindra Capital, Axis Capital, Goldman Sachs, JPMorgan, and UBS are advising on the deal.
Manipal Hospitals will likely list.