Manipal Health Enterprises Pvt., the parent of the Manipal Hospitals chain, is poised to launch an initial public offering as early as next month. Sources familiar with the matter say the company plans to tap Indian capital markets in July, aiming to raise about $1 billion. The move would place the firm among the largest healthcare IPOs in recent years.

A $1 billion valuation would value Manipal Hospitals at roughly $13 billion, given its market cap of about $12 billion before the float. Investors eye the deal for its potential to fund expansion into tier‑two cities and digital health services, sectors that have attracted significant private‑equity interest in India’s growing medical sector.

The timing aligns with a broader regulatory push to increase transparency in hospital financing. If successful, the IPO could unlock capital for newer facilities and technology upgrades, boosting Manipal’s competitive edge against other private chains such as Apollo and Fortis.

Market watchers will gauge the IPO’s pricing and investor demand as a barometer of confidence in India’s health‑care sector. A successful launch would set a precedent for other hospital groups seeking public capital.