Manipal Health Enterprises IPO Subscription Status Day 2 – Live Updates & Key Details

Manipal Health Enterprises' ₹9,275.22 crore IPO entered Day 2 with overall subscription improving to 0.18x from 0.15x on Day 1. Retail and employee categories have shown steady participation, while QIB and NII bids remain subdued, as is typical for large IPOs. The issue comprises a fresh issue and OFS, with proceeds primarily earmarked for debt repayment. The IPO closes on July 31, with allotment on August 3 and listing scheduled for August 5, 2026.

Manipal Health Enterprises' IPO is now in its second day of bidding, July 30, 2026. Part of the Manipal Group founded by T.M.A. Pai, the company runs India's largest private hospital chain by bed capacity and the second largest by number of hospitals, operating 49 hospitals with 13,037 licensed beds across 14 states as of March 2026. It treated 7.63 million patients in FY26 through a network of over 11,000 doctors, with a strong focus on tertiary and quaternary care across cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics, and renal sciences.

This is a mega IPO worth ₹9,275.22 crore, split between a ₹8,000 crore fresh issue and a ₹1,275.22 crore offer for sale. Most of the money raised goes directly into the company, mainly to repay or prepay outstanding borrowings, while the rest goes to existing shareholders selling part of their stake.

Price band is ₹560 to ₹590 per share. Lot size is 25 shares, so retail investors need ₹14,750 to apply at the upper end. The issue closes July 31, and listing is expected August 5 on both BSE and NSE.

Manipal Health Enterprises IPO - Day 2 Subscription Status

Live Subscription Data (Update in Real Time): Category-wise Breakdown on Day 2

Day 1 closed with the issue subscribed 0.15 times overall. Heading into Day 2, demand has picked up slightly, led by the employee quota and stronger retail interest, while institutional and HNI bids remain slow.

Figures as of 10:56 AM, July 30, 2026 (Day 2), with overall subscription updated to 0.18x. Category-wise splits marked with * are carried over from Day 1's 5:00 PM close, the latest granular breakdown available; individual categories are expected to have moved up somewhat by this reading.

What Day 2 Numbers Indicate

The employee quota is the standout performer so far, already close to full subscription at 0.94x by Day 1's close. Retail comes next, gradually building at 0.26x, still a good distance from full coverage but showing steady improvement from where the issue opened.

QIB and NII remain the slowest categories, at 0.15x and 0.08x respectively as of Day 1's close. This isn't unusual for a mega IPO of this scale, institutional investors and big-ticket HNIs almost always hold back their bids until the closing day, once the rest of the book has taken shape.

Overall subscription moving from 0.15x on Day 1 to 0.18x by Day 2's mid-morning shows gradual, measured improvement rather than a rush. Given the size of this issue, the real test will come on July 31, the final day, when institutional participation typically surges.

Day-wise IPO Subscription Trend

With a strong ₹4,167.10 crore anchor book already in place, expect QIB and NII numbers to climb sharply only in the final hours before the July 31 close.

Manipal Health Enterprises IPO - Allotment and Listing Date

Should You Apply for Manipal Health Enterprises IPO?

A few things worth weighing before you decide:

• This is a mix of fresh issue and offer for sale, with the bulk of the money, ₹8,000 crore, going directly into the company, mainly toward debt repayment, rather than to selling shareholders.
• QIB gets the largest allocation at roughly 75% of the issue, while retail gets just 10%, a notably narrow slice compared to most mainboard IPOs, so allotment odds for retail investors could tighten if bidding accelerates on the final day.
• FY26 revenue came in at ₹10,336 crore with a profit of ₹916.52 crore, reflecting a large, established healthcare operator rather than a newer, unproven business.
• Grey market premium remains modest, around ₹9 to ₹10, pointing to a listing gain of roughly 1.5% to 2%. GMP is unofficial and can shift quickly, so don't treat it as the final word.
• The strong ₹4,167.10 crore anchor book, featuring global institutional names like the Abu Dhabi Investment Authority and Allianz Global Investors alongside major domestic mutual funds, is a reasonable signal of underlying confidence, even as the public issue builds up slowly.

This is informational content, not investment advice. Weigh your own risk appetite before applying.

How to Apply for Manipal Health Enterprises IPO

You can apply through any of these routes:

1. ASBA via net banking – log into your bank's net banking, go to the IPO section, select Manipal Health Enterprises, enter quantity and bid price, then authorise.
2. UPI via broker app – open your broker app (Ventura, Zerodha, Kotak Neo, etc.), find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
3. Physical ASBA form – submit through your bank branch if you prefer the offline route.

Bid in multiples of the 25-share lot. Applying at the cut-off price improves your allotment chances since it matches the final discovered price.

Manipal Health Enterprises IPO Important Dates

Day 2 & Day 3 Subscription Updates

Numbers will keep updating as Day 2 progresses and into Day 3. Given the size of this ₹9,275.22 crore issue and its heavy QIB allocation, the sharpest movement is likely to come only in the final hours of bidding on July 31, when institutional and big HNI money traditionally rushes in.

How to Check Manipal Health Enterprises IPO Subscription Status

How to check Manipal Health Enterprises IPO Subscription Status on NSE website

1. Go to the NSE India website and open the "Live IPO Bidding" section.
2. Select Manipal Health Enterprises Limited from the dropdown.
3. You'll see category-wise bid numbers, updated through the trading day.

How to check Manipal Health Enterprises IPO Subscription Status on BSE website

1. Visit the BSE India IPO page.
2. Search for Manipal Health Enterprises under active issues.
3. Click on it to view live bid quantity against shares reserved, split by category.

How to check Manipal Health Enterprises IPO Subscription Status on Ventura?

Log into your Ventura account, go to the IPO section, and select Manipal Health Enterprises from the list of live issues. You'll find the live subscription numbers along with your own application status if you've already applied.

IPO Subscription History

Previous Day Subscription

Day 1 closed with the issue subscribed 0.15 times overall. The employee category led at 0.94x, followed by retail at 0.26x, QIB at 0.15x, and NII trailing at 0.08x.

Final Subscription Figures

Final numbers will only be available after the issue closes on July 31, 2026. Check back once bidding wraps up for the complete category-wise final tally.

Conclusion

Manipal Health Enterprises' IPO is showing gradual improvement heading into Day 2, moving from 0.15x on Day 1 to 0.18x by mid-morning. The employee quota has led the charge so far, retail is steadily building, while QIB and NII remain slow, a pattern that's typical for a mega issue this size where institutional bids tend to arrive only in the final stretch. With a strong anchor book already in place and solid FY26 financials behind the business, all eyes will be on how sharply institutional demand picks up as the issue heads toward its July 31 close.