Manipal Health gets SEBI approval for up to $1.2 billion IPO, listing likely in late July
Published on: July 3, 2026, 11 p.m. | Source: CNBC TV18
Manipal Health Enterprises has secured regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering, according to sources familiar with the development. The hospital operator is targeting a market debut in late July or early August, subject to prevailing market conditions. The company had filed IPO papers in March to raise up to $1.2 billion, positioning the issue among the largest healthcare listings in India. The planned offering comes at a challenging time for the primary market, with geopolitical tensions and sustained foreign portfolio outflows weighing on investor sentiment. Despite market volatility, the listing is expected to be closely tracked given growing demand for healthcare services and Manipal Health's scale in the hospital sector.
