Temasek backed Manipal Health Enterprises Limited files DRHP for IPO
Bangalore, March 24, 2025: Manipal Health Enterprises Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise funds through Initial Public Offering (IPO). The IPO, with a face value of ₹2, with fresh issue of Rs 8,000 crore and offer-for-sale of up to 43,227,668 equity shares by promoters - Imperius Healthcare Investments Pte. Ltd, Manipal Education and Medical Group India Private Limited. Investors - TPG SG Magazine Pte. Ltd, Seventy Second Investment Company LLC, Ammar Sdn Bhd, Novo Holdings Invest Asia A/S, Phoenix Bear Investments, LLC. The proceeds from its fresh issuance worth Rs 5,378 crore will be utilised for repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the company's Material Subsidiaries, Manipal Hospitals Private Limited, Rs 574 crore for acquisition of minority stake in the company's...