Manipal Health Enterprises shares began trading on India’s National Stock Exchange and Bombay Stock Exchange on Wednesday, marking the public market debut of the healthcare operator.
The listing follows a subscription period that ran from July 29 to July 31, during which the book build issue attracted strong investor interest.
56 million shares, aiming to raise capital for the company’s expansion and debt reduction.
Unofficial grey market pricing indicated a listing price of approximately ₹593, representing a modest premium over the ₹590 issue price.
This valuation suggests a slight positive sentiment among early traders, contrasting with earlier pessimistic outlooks reflected in previous grey market estimates.
The narrow margin implies cautious optimism rather than a speculative surge.
The initial public offering comprised a fresh issue of 13.56 million shares, aiming to raise capital for the company’s expansion and debt reduction.