Manipal Health IPO Subscribed 15% on Day 1; Retail Portion at 27%
Source: Mint Markets
Arth Insight · What this means for your wallet
- Applying for this IPO will block at least ₹14,080 of your funds until allotment or refund.
- Your investment faces potential gains or losses upon listing, especially with a slow initial subscription.
- Without proper research, you risk your capital on a high-ticket investment in a company that hasn't seen strong initial demand.
Manipal Health Enterprises' Initial Public Offering (IPO) saw a slow start on its opening day, with overall subscription reaching just 15%. The retail investor portion was subscribed 27%. The company had previously raised ₹4,167 crore from anchor investors.
- ▸Manipal Health IPO opened on August 1 and will close on August 3.
- ▸The IPO is subscribed 15% overall on its opening day, with the retail portion at 27%.
- ▸The company raised ₹4,167 crore from anchor investors before the public issue.
- ▸The price band for the IPO is ₹1,710 to ₹1,765 per share, with listing expected on August 5.
- ✓Manipal Health IPO opened on August 1 and will close on August 3.
- ✓The IPO is subscribed 15% overall on its opening day, with the retail portion at 27%.
- ✓The company raised ₹4,167 crore from anchor investors before the public issue.
- ✓The price band for the IPO is ₹1,710 to ₹1,765 per share, with listing expected on August 5.
Manipal Health Enterprises' much-anticipated Initial Public Offering (IPO) experienced a sluggish debut on its opening day, attracting bids for only 15% of the total issue size. The IPO, which opened on August 1, aims to raise ₹9,275 crore. The shares are scheduled to list on the stock exchanges on August 5.
On the first day of bidding, the Qualified Institutional Buyers (QIBs) portion was subscribed 0.11 times, while the Non-Institutional Investors (NIIs) portion saw a subscription of 0.14 times. The retail individual investors (RIIs) segment, often a key driver for IPO success, was subscribed 27% by the end of the first day.
Prior to the public offering, Manipal Health Enterprises successfully garnered ₹4,167 crore by allocating shares to anchor investors. This pre-IPO fundraising is a common strategy to build investor confidence.
The total issue size stands at ₹9,275 crore, comprising a fresh issue of equity shares and an offer for sale (OFS) component. Investors can bid for shares in the price band of ₹1,710 to ₹1,765 per equity share. The lot size for retail investors is 8 equity shares, meaning the minimum investment required is ₹14,080 (8 shares x ₹1,765).
The IPO will remain open for subscription until August 3. Investors looking to participate should carefully consider the company's valuation, future growth prospects, and their own risk appetite before making an investment decision.
This information is for educational purposes only and does not constitute investment advice.
Some listings may be sponsored and Arth Vani may earn a referral fee. All information is for educational purposes only — verify terms and suitability with the provider before acting. Not financial advice.
Frequently Asked Questions
When is the Manipal Health IPO open and closing?
The Manipal Health Enterprises IPO opened on August 1 and will close on August 3.
How much has the Manipal Health IPO been subscribed so far?
On its opening day, the overall IPO was subscribed 15%, with the retail investor portion reaching 27% subscription.
What is the price band and listing date for the Manipal Health IPO?
The price band for the IPO is ₹1,710 to ₹1,765 per equity share, and the shares are expected to list on August 5.
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