Manipal Health Enterprises Pvt., the parent of the Manipal Hospitals chain, is poised to launch formal marketing for its initial public offering early next week, aiming to raise over $1 billion.

Industry insiders say the company will begin roadshows and investor presentations shortly, targeting a valuation that reflects its strong presence across India’s private healthcare sector. The move follows a growing trend of large Indian hospital operators seeking public capital to fund expansion and technology upgrades.

The IPO will list on the Bombay Stock Exchange and the National Stock Exchange, allowing institutional and retail investors to gain exposure to a well‑established healthcare network. If successful, the funds could accelerate the chain’s plans for new facilities and digital health initiatives.

Regulators have yet to approve the filing, but market watchers expect a competitive auction process that could set a benchmark for future healthcare listings in the country.