Manipal Health IPO

Healthcare - Hospitals - Listed on 05 August 2026

+10.5% listing gain
Issue Price (Upper)
Rs 590
Listing Price
Rs 652
Closing Price (NSE)
Rs 666.95
Total Subscription
4.92x

Manipal Health IPO listing summary

Manipal Health (Healthcare - Hospitals) closed its IPO window in 2026 and listed on NSE and BSE on 05 August 2026 at an upper band issue price of Rs 590, opening at Rs 652 for a listing gain of +10.5% and closing day one at Rs 666.95 (+13.0% on closing basis). The IPO was subscribed 4.92x overall - QIB 8.25x, HNI/NII 1.02x, Retail 0.93x. The total issue size was Rs 9,276.79 Cr (Fresh Issue Rs 8001.57 Cr, OFS Rs 1275.22 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+10.51%
Listing Gain (Close)
+13.04%
Day Change After Listing
+2.29%
Retail Quota
10.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB8.25x
HNI / NII1.02x
Retail0.93x
Overall4.92x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.15x
Day 20.45x
Day 3 (Final)4.92x

Manipal Health IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 50+8.47%
Day 2Rs 35+5.93%
Day 3Rs 33-1.20%
Day 4Rs 31+5.25%
Day 5Rs 9+1.52%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
-1.2%-8.5%
IPOGyani AI Prediction
3.8%
Actual Listing Gain
+10.5%

Prediction Accuracy: 6.7 pp (Reasonably accurate)

Issue & financials

Issue SizeRs 9,276.79 Cr
Fresh IssueRs 8,001.57 Cr
OFSRs 1,275.22 Cr
IPO PE118.50
Peer / Sector PE70.31
PE vs Sector Ratio1.69
Latest EBITDA (Cr)25.14
Debt / Equity-

Market context at listing

How the broader market moved around the Manipal Health IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.04%
Nifty 1W Return+3.03%
Nifty 1M Return+1.81%
Nifty during IPO window+3.03%

Manipal Health IPO - FAQs

What was the listing gain of Manipal Health IPO?

Manipal Health IPO listed at +10.5% versus the upper issue price of Rs 590 on 05 August 2026.

How many times was Manipal Health IPO subscribed?

Manipal Health IPO was subscribed 4.92x overall. QIB portion was subscribed 8.25x, HNI / NII 1.02x and Retail 0.93x.

What was the IPO GMP for Manipal Health?

IPO GMP started at Rs 50 on Day 1 and moved to Rs 9 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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