Manipal Health Enterprises Ltd

Initial public offer of 157,233,715 equity shares of face value of Rs. 2 each ("Equity Shares") of Manipal Health Enterprises Limited ("Company" or "Issuer") for cash at a price of Rs. 590 per equity share (including a share premium of Rs. 588 per equity share) ("Offer Price") aggregating to Rs. 9275.22 Crores comprising a fresh issue of 135,619,881 equity shares of face value of Rs. 2 each aggregating to Rs. 8000.00 Crores by the company ("Fresh Issue") and an offer for sale of 21,613,834 equity shares of face value of Rs. 2 each aggregating to Rs. 1275.22 Crores by the selling shareholders, comprising an offer for sale of 10,808,861 equity shares of face value of Rs. 2 each aggregating to Rs. 637.72 Crores by Imperius Healthcare Investments Pte. Ltd., (the "Promoter Selling Shareholder"), 6,792,002 equity shares of face value of Rs. 2 each aggregating up Rs. 400.73 Crores by Manipal Education and Medical Group India Private Limited (the "Promoter Group Selling Shareholder"), 2,329,667 equity shares of face value of Rs. 2 each aggregating to Rs. 137.45 Crores by TPG SG Magazine Pte. Ltd., 792,494 equity shares of face value of Rs. 2 each aggregating to Rs. 46.76 Crores by Seventy Second Investment Company LLC, 405,791 equity shares of face value of Rs. 2 each aggregating to Rs. 23.94 Crores by Ammar SDN BHD, 264,556 equity shares of face value of Rs. 2 each aggregating to Rs. 15.61 Crores by Novo Holdings Invest Asia A/S, and 220,463 equity shares of face value of Rs. 2 each aggregating to Rs. 13.01 Crores by Phoenix Bear Investments, LLC, (collectively the "Investor Selling Shareholders") (the promoter selling shareholder, the promoter group selling shareholder and the investor selling shareholders collectively referred to as the "Selling Shareholders" and such equity shares offered by the selling shareholders ("Offered Shares") and such offer, "Offer For Sale", and together with the fresh issue, the "Offer"). This offer includes a reservation of up to 254,237 equity shares of face value of Rs. 2 each, aggregating up to Rs. 15 Crore (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees (the "Employee Reservation Portion"). The company in consultation with the brlms, may offer a discount of Rs. 56 per equity share of face value of Rs. 2 each, to eligible employees bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer would constitute [*]% and [*]% of the post-offer paid-up equity share capital of the company, respectively. The company, in consultation with the brlms, may consider a pre-ipo placement of equity shares, as may be permitted under applicable law, at its discretion, aggregating up to Rs.1600.00 crores prior to filing of the ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the securities contracts (regulation) Rules, 1957, as Amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the proposed objects of the offer in compliance with applicable law. prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). Price Band: Rs. 590 per equity share of face value of Rs. 2 each. The floor price is 295 times the face value of the equity shares. Bids can be made for a minimum of 25 equity shares of face value of Rs. 2 each and in multiples of 25 equity shares of face value of Rs. 2 each thereafter. A discount of Rs. 56 per equity share is being offered to eligible employees bidding in the employee reservation portion.