Temasek-backed Manipal Health rises in market debut after $973m IPO

IPONew shares worth 80bn rupees issued in year's second-largest initial offer so farManipal Health Enterprises runs about 50 hospitals and is among India's top specialty care providers. © ReutersSOUMYAJIT SAHAAugust 5, 2026 13:40 JSTMUMBAI -- Shares of Manipal Health Enterprises, one of India's largest private chains of hospitals, listed 10.5% higher than the offer price of 590 rupees ($6.19) per share on the National Stock Exchange on Wednesday, amid hopes the country's primary markets will improve after a slow first half impacted by the U.S.-Iran war.