Manipal Health Enterprises IPO: GMP hints at 10% listing gains; know important dates, other details

Manipal Health Enterprises, backed by Temasek and Ranjan Pai, is set to open its Rs 9,275 crore IPO for subscription from July 29 to July 31, with a price band upper end of Rs 590. Grey market premium indicates a potential listing gain of about 9.5%, with shares expected to list at around Rs 645 on August 5. The issue comprises a fresh issue of Rs 8,000 crore and an offer for sale worth Rs 1,275.2 crore, with proceeds earmarked for debt repayment of Rs 5,378 crore and acquiring a minority stake in Sahyadri Hospitals.