Manipal IPO to be India's biggest in healthcare, seeks to raise ₹9,275 cr

•Manipal Health Enterprises launches India's largest healthcare IPO on July 29, seeking ₹9,275.22 crore at ₹560-590 per share.

•The IPO comprises a fresh issue of ₹8,000 crore and an offer for sale of up to 21.61 million shares, valuing the company at ₹77,607 crore at the upper end.

•Proceeds will be used to repay borrowings, acquire Sahyadri Hospitals, and fund general corporate purposes, with a goal to become net debt-free after listing.

•Manipal plans to focus on organic expansion, adding 3,000 beds through greenfield and brownfield projects over the next three years.