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The Economic Times
The Economic Times
Business
Ritesh Presswala

Manipal Health’s Rs 9,275 crore IPO opens for subscription. Should you apply?

Manipal Health IPO Manipal Health Enterprises Sahyadri hospitals

Manipal Health Enterprises' IPO opened for public subscription on Wednesday, July 29, and will remain open until July 31. Backed by Temasek and Ranjan Pai, the Bengaluru-based hospital chain aims to raise about Rs 9,275 crore through its maiden public offering.

Ahead of the issue, the stock is commanding a grey market premium (GMP) of around 2%, indicating only a modest listing gain if the trend sustains.

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