Manipal Health Enterprises' ₹9,275.22 crore IPO closed with an overall subscription of 5.12x, driven by strong QIB demand of 8.54x, while retail (0.98x) and NII (1.06x) saw relatively moderate participation. The IPO allotment is scheduled for August 3, 2026, with refunds and demat credit on August 4, followed by listing on August 5. Retail applicants have a strong chance of allotment as the retail quota was not oversubscribed.
Manipal Health Enterprises Limited — India's largest private hospital chain by bed capacity — closed its ₹9,275.22 crore IPO on July 31, 2026, after a final-day surge led by institutional investors. With bidding now closed, all eyes turn to the allotment, expected to be finalized on August 3, 2026. Here's everything you need to know about checking your allotment status, what the subscription numbers mean for your chances, and the key dates ahead.
Manipal Health Enterprises IPO - Subscription Recap
The issue closed subscribed 5.12 times overall as of the final NSE update on July 31, 2026, 6:53 PM.
| Category | Subscription (Final) |
| Qualified Institutional Buyers (QIB) | 8.54x |
| Non-Institutional Investors (NII) | 1.06x |
| Retail Individual Investors (RII) | 0.98x |
| Overall | 5.12x |
QIBs drove the bulk of the demand, with heavyweight anchor investors including Goldman Sachs, Morgan Stanley, Franklin Templeton, Invesco, Nomura, and several major domestic mutual funds having already taken up ₹4,167.10 crore in the anchor round. Retail and NII closed only marginally above and just at full subscription — a meaningfully different pattern from the QIB-led close, and one that matters directly for your allotment odds.
What the Subscription Numbers Mean for Your Allotment Odds
- Retail (0.98x): Since retail closed just short of full subscription, most valid retail applicants who bid stand a strong chance of allotment — likely near-full allotment for those who applied within the category, since demand didn't meaningfully exceed supply.
- NII (1.06x): With NII only marginally oversubscribed, proportionate allotment means most NII applicants should receive at least a partial allotment.
- QIB (8.54x): Heavy institutional oversubscription doesn't affect retail or NII allotment chances — QIB allotment is proportionate within its own category.
Manipal Health Enterprises IPO - Allotment and Listing Date
| Event | Date |
| IPO Open Date | July 29, 2026 |
| IPO Close Date | July 31, 2026 |
| Basis of Allotment | August 3, 2026 |
| Initiation of Refunds | August 4, 2026 |
| Credit of Shares to Demat Account | August 4, 2026 |
| Listing Date (NSE & BSE) | August 5, 2026 |
How to Check Manipal Health Enterprises IPO Allotment Status
On the KFin Technologies website (Registrar)
- Visit the KFin Technologies IPO status portal.
- Select "Manipal Health Enterprises Limited" (ticker: MANIPALHOS) from the dropdown.
- Enter your PAN, Application Number, or Demat Account Number.
- Click "Submit" to view your allotment status.
On the NSE website
- Visit the NSE IPO bid-verification page.
- Select "Equity" as the issue type.
- Choose Manipal Health Enterprises IPO from the list.
- Enter your Application Number or PAN, complete verification, and click "Search."
On the BSE website
- Go to the BSE IPO allotment status page.
- Select "Equity" under Issue Type.
- Choose "Manipal Health Enterprises Limited" from the Issue Name dropdown.
- Enter your PAN or Application Number and click "Submit."
On Ventura
- Log in to your Ventura trading account or app.
- Go to the IPO section under "Invest."
- Select Manipal Health Enterprises IPO from your applications list.
- View your allotment status once results are announced on August 3.
What Happens After Allotment
If you're allotted shares:
- Shares will be credited to your Demat account by August 4, 2026.
- You can hold them as a long-term investment or sell once trading begins on the listing date, August 5, 2026.
If you're not allotted shares:
- Refunds will be initiated on August 4, 2026, or your UPI mandate will simply be released — no separate action needed on your part.
- If you still want exposure to the stock, you can buy it on the exchange after listing at the prevailing market price.
IPO Issue Details (For Reference)
| Detail | Value |
| Issue Size | ₹9,275.22 crore |
| Fresh Issue | ₹7,998.43 crore |
| Offer for Sale (OFS) | ₹1,275.22 crore |
| Price Band | ₹560 – ₹590 per share |
| Lot Size | 25 shares (₹14,750 at upper band) |
| Registrar | KFin Technologies Ltd. |
| Listing At | NSE, BSE |
Day-wise Subscription Trend (For Context)
| Day | Overall Subscription | QIB | NII | Retail |
| Day 1 (July 29) | 0.15x | 0.15x | 0.08x | 0.26x |
| Day 3 (July 31, final) | 5.12x | 8.54x | 1.06x | 0.98x |
The issue moved from a muted 15% subscription on Day 1 to over 5x by close, almost entirely on the back of institutional demand arriving on the final day — a pattern that's typical for large mainboard issues, where QIBs place the bulk of their bids in the last trading hours.
Conclusion
Manipal Health Enterprises IPO closed with strong institutional backing — QIBs alone subscribed 8.54 times their quota — while retail and NII closed close to fully subscribed rather than heavily oversubscribed. That's a favorable setup for retail applicants: with the category just short of 1x, most valid applications should see allotment. Check your status via KFin Technologies, NSE, or BSE from August 3 onward, and watch for the demat credit on August 4 ahead of listing on August 5, 2026.









