Manipal Health raises ₹4,167 crore from anchors ahead of ₹9,275 crore IPO
Manipal Health Enterprises allotted over 7.06 crore shares to anchor investors at ₹590 each. IPO proceeds are slated largely for subsidiary debt repayment and the acquisition of Sahyadri Hospitals’ minority stake.
Manipal Health raised ₹4,167 crore from anchor investors ahead of its ₹9,275-crore IPO. Proceeds will primarily repay Manipal Hospitals debt and fund Sahyadri Hospitals minority acquisition. The operator runs 49 Indian hospitals with 13,037 beds.
Why this matters
The anchor raise follows Manipal Health Enterprises opening its ₹9,275 crore IPO, with proceeds earmarked for debt reduction and buying Sahyadri Hospitals’ minority stake.
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