Manipal Hospitals, backed by Temasek Holdings, is preparing an initial public offering (IPO) in late July after adjusting its valuation. Multiple reports say the company has cut its expected IPO valuation to about $8.3 billion, amid market volatility and cautious investor sentiment. Business Line and Business Standard report that the planned share sale is likely to be launched in the week starting July 27, with Times of India stating the IPO opens on July 29. The fundraising target is reported at up to ₹11,000 crore. NDTV reports the offering structure includes a fresh issue of shares worth about ₹80 billion (₹8,000 crore) and an offer for sale of up to 43.23 million shares by existing shareholders, including TPG Inc. NDTV also quotes Temasek executive Ravi Lambah, saying the IPO is “just an event” and that investment momentum in India’s healthcare sector remains on track, with Temasek planning to deploy about $10 billion in India.
Manipal Hospitals IPO set for late July after valuation cut to $8.3 billion
Manipal Hospitals, backed by Temasek Holdings, is preparing an initial public offering (IPO) in late July after adjusting its valuation. Multiple reports say the company has cut its expected IPO valua...
- Manipal Hospitals’ IPO is planned for the week starting July 27, with the IPO opening reported as July 29.
- The company has cut its IPO valuation to about $8.3 billion (reported as roughly ₹80,000 crore in one account).
- The IPO fundraising is reported to be up to about ₹11,000 crore.
- The offer includes a fresh issue (about ₹80 billion reported) and an offer for sale by existing shareholders, including TPG Inc (up to 43.23 million shares reported).
- Temasek-backed comments in one report say healthcare investment plans in India remain on track, with about $10 billion mentioned.
Temasek's Lambah noted that investment momentum remains strictly on track, with plans to deploy approximately $10 billion in India
2 days agoTemasek's Lambah noted that investment momentum remains strictly on track, with plans to deploy approximately $10 billion in India
2 days agoThe IPO will comprise a fresh issue of shares worth about 80 billion rupees and an offer for sale of as many as 43.23 million shares by existing shareholders including TPG Inc.
1 week agoThe Temasek Holdings-backed company is planning to raise as much as ₹11,000 crore through a share sale that’s likely to be launched in the week starting July 27
1 week agoThe Temasek-backed hospital chain is expected to launch its ₹11,000 crore share sale later this month amid cautious investor sentiment
1 week ago
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