Shares of Manipal Health Enterprises listed at 11% premium over IPO price on Wednesday. The stock opened at Rs 655 and Rs 652 on BSE and NSE, as compared to its issue price of Rs 590.
The IPO, which was open for subscription from July 29 to July 31, garnered an overall subscription of 4.92 times. The issue saw strong demand from institutional investors, with the Qualified Institutional Buyers (QIB) segment subscribed 8.25 times.