Manipal Hospitals IPO raises Rs 4,167 crore from anchor investors

Manipal Health Enterprises, parent of Manipal Hospitals, raised Rs 4,167 crore from anchor investors on July 28, a day before its Rs 9,275-crore IPO opens for public subscription on July 29. The IPO, with a price band of Rs 560-590 per share, comprises a fresh issue of Rs 8,000 crore and an OFS of Rs 1,275 crore. Proceeds will primarily reduce debt of Rs 11,185 crore.