Temasek-backed Manipal Health gets SEBI approval for India IPO, eyes July listing

Temasek-backed Manipal Health gets SEBI approval for India IPO, eyes July listing

Manipal Health Enterprises, with the support of Singapore's Temasek, has successfully obtained approval from SEBI for its initial public offering, set to take place in late July or early August. This ambitious hospital chain is targeting one of the largest IPOs in India's healthcare landscape, aiming to raise as much as $1.2 billion, despite the current cautious market filled with geopolitical uncertainties and heavy foreign sell-offs.

Manipal Hospitals IPO: Plans to mobilise Rs 8,000 crore, could list by end of July

Manipal Hospitals has emerged as one of the largest hospital chains in the country. It is backed by Temasek, which is the investment arm of the Singapore government. The approximately $1 billion IPO will include both a fresh issue and an offer for sale.