Shares of Manipal Health Enterprises, one of India's largest private hospital chains, rose 10.5% above the offer price of 590 rupees ($6.19) per share on the National Stock Exchange on Wednesday, August 5, 2026. The company issued new shares valued at 80 billion rupees in what is the second-largest IPO in India so far this year.

Manipal Health Enterprises operates approximately 50 hospitals and is recognized as one of India's leading specialty care providers. The positive market debut comes amid hopes for improvement in India's primary markets following a slow first half of the year, which was impacted by geopolitical tensions related to the U.S.-Iran war.

Sources: Nikkei Asia, Reuters