Manipal Health Enterprises has received SEBI approval to launch its proposed IPO, bringing one of India’s largest healthcare public offerings closer to reality. The issue is expected to include a combination of fresh equity shares and an offer for sale by existing shareholders.
The company plans to use the proceeds to strengthen its balance sheet and support future expansion. Strong growth in India’s healthcare sector has increased investor interest in hospital and diagnostics businesses.
Market participants believe this IPO could become one of the landmark healthcare listings of the year.
