Manipal Health's IPO was fully subscribed on its opening day, July 31, with institutional investors driving demand despite cautious sentiment among retail participants.
The company successfully raised ₹4,167 crore from anchor investors prior to the public launch, reflecting strong confidence in the healthcare provider's expansion plans.
The IPO proceeds will be utilized to reduce debt and fund the construction of new hospital facilities across Tier-2 cities in India over the next three years.