Manipal Health IPO Day 3 Update: GMP remains at 1%, subscription at 45%. Should you Subscribe or Skip?
Manipal Health Enterprises' ₹9,275-crore IPO has seen a 45% subscription rate as of Day 2, with a grey market premium (GMP) of just 1%, indicating limited investor interest. The IPO, backed by Temasek and entrepreneur Ranjan Pai, includes 13.56 crore fresh equity shares and an Offer for Sale of 2.16 crore shares, with a price band set at ₹560–590. As the final bidding day approaches, market participants are closely watching for any uptick in demand from institutional and retail investors.