Upcoming IPO, March 24 -- Temasek-backed hospital chain Manipal Health has filed its draft red herring prospectus with the market regulator, Sebi, to raise funds via an initial public offering (IPO), which is a mix of fresh issue and offer for sale by the investors and promoters of the company.

Manipal Health IPO's fresh issue size amounts to Rs.800 crore, while existing investors plan to sell 43.2 million shares, according to the draft prospectus. The company pay consider a pre-IPO placement of Rs.1600 crore, before filing of the RHP.

Imperius Healthcare and Manipal Education and Medical Group are the promoters looking to offload stake in the upcoming share sale. TPG SG Magazine, Seventy Second Investment Company, Ammar Sdn Bhd, Novo H...