New Delhi, Aug. 5 -- Manipal Health share price made a strong debut in the Indian stock market on Wednesday, 5 August. The stock listed at 11% premium over the IPO price of Rs.590.

Manipal Health shares debuted at Rs.652 apiece on the NSE and Rs.655 on the BSE, delivering listing gains of more than 11% to investors who were allotted shares in the IPO.

The listing of Manipal Health IPO exceeded the market expectations. The GMP of Manipal Health IPO was Rs.3 ahead of the listing, indicating an estimated listing price of Rs.593.

The public issue was open for subscription from July 29 to July 31 and received an overall subscription of 4.92 times. Demand was driven primarily by institutional investors, with the Qualified Institutional Buyer...