Temasek-backed Manipal Hospitals said to cut valuation to US$8.3 bil in IPO

Rajesh Mascarenhas / Bloomberg07-17 10:14

Deliberations are ongoing, and details of the offering, including its valuation, size and timing, could still change, sources said. (July 17): India's Manipal Health Enterprises Ltd, the operator of ...

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(July 17): India's Manipal Health Enterprises Ltd, the operator of ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/ipo/temasek-backed-manipal-hospitals-said-cut-valuation-us83-bil-ipo?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temasek-backed Manipal Hospitals said to cut valuation to US$8.3 bil in IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek-backed Manipal Hospitals said to cut valuation to US$8.3 bil in IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-17 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/ipo/temasek-backed-manipal-hospitals-said-cut-valuation-us83-bil-ipo?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Rajesh Mascarenhas / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Deliberations are ongoing, and details of the offering, including its valuation, size and timing, could still change, sources said. (July 17): India's Manipal Health Enterprises Ltd, the operator of ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/ipo/temasek-backed-manipal-hospitals-said-cut-valuation-us83-bil-ipo?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IPO","symbol_name":"Renaissance IPO ETF","start_time":0,"source_url":"https://www.theedgesingapore.com/news/ipo/temasek-backed-manipal-hospitals-said-cut-valuation-us83-bil-ipo?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2652921233","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/ipo/temasek-backed-manipal-hospitals-said-cut-valuation-us83-bil-ipo?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2652921233","pubTimestamp":1784254481,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Deliberations are ongoing, and details of the offering, including its valuation, size and timing, could still change, sources said. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IPO":"Renaissance IPO ETF","TSPA":"T. Rowe Price U.S. Equity Research ETF","BK4127":"投资银行业与经纪业","KCE":"SPDR KBW Capital Markets ETF","IPOS":"Renaissance International IPO ETF","FRHC":"Euronext CAC Health Care"},"translate_title":"淡马锡支持的 Manipal Hospitals 据称将在 IPO 中将估值下调至 83 亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRHC":1.5,"IPOS":1.5,"TSPA":1.5,"KCE":1.5,"IPO":1},"content_text":"Deliberations are ongoing, and details of the offering, including its valuation, size and timing, could still change, sources said. (July 17): India's Manipal Health Enterprises Ltd, the operator of the Manipal Hospitals chain, is seeking a lower valuation of about 800 billion rupees (US$8.3 billion or $10.7 billion) in its planned initial public offering (IPO), according to people familiar with the matter.\nThe Temasek Holdings Pte Ltd-backed company is planning to raise as much as 110 billion rupees through a share sale that's likely to be launched in the week starting July 27, the people said, asking not to be identified as the information is private.\nThe targeted valuation is below the US$10 billion to US$12 billion marketed range floated in April, the people said, reflecting cautious investor sentiment towards large public offerings as latest tensions in the Middle East spark turbulence in global financial markets. \nStill, Manipal's proposed listing is on track to be India's biggest of 2026 so far, surpassing SBI Funds Management Ltd's US$1 billion IPO this week.\nDeliberations are ongoing, and details of the offering, including its valuation, size and timing, could still change, the people said. \nA representative of Manipal Hospitals didn't respond to requests for comments.\nThe IPO will comprise a fresh issue of shares worth about 80 billion rupees and an offer for sale of as many as 43.23 million shares by existing shareholders including TPG Inc. The proceeds from the primary issue will be used to repay debt, fund capital expenditure and support the company's expansion plans, according to the draft prospectus.\nManipal Health is working with Kotak Mahindra Capital Co, Axis Capital Ltd, and the Indian units of Goldman Sachs Group Inc, JPMorgan Chase & Co, Jefferies Financial Group Inc, UBS Group AG and DBS Bank Ltd on the proposed offering.\nUploaded by Tham Yek Lee","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652921233","isCrawlerRequest":true}