Manipal Health Enterprises has secured final regulatory approval from the Securities and Exchange Board of India (Sebi) to proceed with its initial public offering.
The green light removes the last major procedural barrier for the healthcare group, which is preparing to raise approximately 10,000 crore rupees ($1.2 billion) through the listing.
The approval marks a significant milestone for the Temasek-backed company, which has been working to capitalize on India’s growing healthcare infrastructure demand.
The funds raised are expected to support the group’s expansion plans, including the development of new hospital facilities and the strengthening of its existing network across India.
The move also signals confidence from major institutional backers in the near-term equity market conditions.
This development adds to a series of high-profile listings recently cleared by Indian regulators.