Manipal Health Enterprises has launched its initial public offering, opening for public subscription on Wednesday, 29 July, and remaining open until Friday, 31 July.
The book build issue comprises a fresh issue of 13.56 crore shares alongside an offer for sale (OFS) of 2.16 crore shares.
The price band is set between ₹560 and ₹590 per equity share.
Grey market premium (GMP) indicators suggest modest listing gains, signaling cautious investor sentiment ahead of the allotment.
This muted pricing expectation contrasts with the high-profile nature of the issuer, reflecting broader risk aversion in the current IPO pipeline.
The issue is one of the most anticipated debuts in India's equity markets this quarter, yet the secondary market signals indicate that investors are demanding a discount or break-even entry rather than chasing immediate upside.