Temasek-backed Manipal Health rises in India market debut after $973m IPO

New shares worth 80bn rupees issued in year's second-largest initial offer so far

Manipal Health Enterprises runs about 50 hospitals and is among India's top specialty care providers. © Reuters

MUMBAI -- Shares of Manipal Health Enterprises, one of India's largest private chains of hospitals, listed 10.5% higher than the offer price of 590 rupees ($6.19) per share on the National Stock Exchange on Wednesday, amid hopes the country's primary markets will improve after a slow first half impacted by the U.S.-Iran war.

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