Manipal Health IPO subscribed 4.92 times on final day, QIBs drive demand

The healthcare provider's Rs 9,275-crore IPO was subscribed 4.92 times on the final day, with qualified institutional buyers bidding 8.25 times their quota

Manipal Health Enterprises, India's largest hospital chain by bed capacity, was subscribed 4.92 times on the concluding day of its initial public offering (IPO), led by qualified institutional buyers (QIBs), who bid 8.25 times their quota.

 

Non-institutional investors (NIIs) subscribed 1.02 times, retail investors 0.93 times, and employees 2.18 times.

 

The private healthcare provider received bids for 443 million shares against the 90 million shares on offer.

 

The company raised ₹4,167 crore through an anchor allotment on Tuesday, a day before the launch of its ₹9,275-crore IPO, the second-largest by issue size after SBI Funds Management.

 

Prominent anchor investors included Goldman Sachs, Morgan Stanley, Franklin Templeton, Invesco, Nomura, Mirae Asset, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Life Insurance, Axis Mutual Fund, Motilal Oswal Mutual Fund, and HDFC Life Insurance. 

Sebi extends digital accessibility audits deadline till Oct end 

 

Markets regulator Sebi on Friday extended, until October 31, the deadline for regulated entities to complete digital accessibility audits and resolve platform issues. Earlier, the deadline to complete the digital platform accessibility audit was April 30 and the timeline to complete the remediation of those audit findings and achieve full compliance was July 31. Sebi extended the deadline until October 31, 2026, following various formal requests from industry stakeholders who needed more time to meet the legal requirements of the Rights of Persons with Disabilities Act. In July 2025, Sebi had issued a circular mandating all regulated entities to ensure their digital platforms are accessible to persons with disabilities.  

The move was aimed at fostering inclusivity in financial services and ensuring investors with disabilities have equal access to market infrastructure.

 

IFSCA chairperson gets 27 months’ extension  

The government has extended the tenure of the Chairman of the International Financial Services Centres Authority (IFSCA), K Rajaraman, for 27 months. The Central Government hereby re-appoints K Rajaraman to the post of Chairperson, IFSCA, for a period beyond July 31, 2026 till attaining the age of 65 years, or until further orders, whichever is earlier, the finance ministry said in a gazette notification dated July 30. Rajaraman will be attaining 65 years on October 24, 2028. He was appointed in 2023 for an initial period of three years. Prior to appointment as the Chairman, Rajaraman was Secretary, Department of Telecommunications, Government of India.