A big change can be seen in India’s healthcare sector, because Manipal Health Enterprises has taken steps towards launching its IPO. The company has submitted draft papers for this and if everything goes as per plan, then it can become the biggest IPO of India’s hospital sector so far.
Under this proposal, the company is preparing to raise about $1 billion or more than ₹8,000 crore. There will be two ways of earning money in this. First, the company will issue new shares and second, some existing investors will sell their shares. According to the information, existing shareholders can sell about 4% stake.
company valuation
There is also a big discussion regarding the valuation of the company. It is believed that after the IPO, the value of Manipal Health can reach around $13 billion. Not only this, the company is also considering selling shares worth up to Rs 1,600 crore to private investors before the IPO, which is called pre-IPO placement.
Many big investors have stake in this IPO, which includes names like Temasek Holdings, TPG and Novo Holdings. The confidence of these investors shows the strong growth of the company. Manipal Health is expanding rapidly. Recently it has acquired Sahyadri Hospitals, which has further strengthened its reach. At present the company is running more than 49 hospitals across the country, which together have more than 10,000 beds.
Manipal Health will benefit
If this IPO is successful, Manipal Health could become India’s most valuable hospital chain and overtake Max Healthcare Institute. This step is an indication that the health sector in India is increasingly attracting investors. Overall, this IPO can prove to be a big turning point not only for the company but for the entire healthcare industry. Investors’ eyes will remain focused on this in the coming times.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money related decisions.