Manipal Payment & Identity Solutions IPO
Manipal Payment & Identity Solutions IPO is priced at ₹322–₹339 per share with an issue size of ₹805 crore. The IPO opens on Sep 9, 2026 and closes on Sep 11, 2026, with a lot size of 44 shares and a minimum investment of ₹14,916.
Manipal Payment & Identity Solutions Limited IPO
- IPO Dates
- Sep 9, 2026 – Sep 11, 2026
- Price band
- ₹322-339 per equity share
- Minimum Investment
- ₹14,916
- Issue size
- ₹805 Cr
- Lot size
- 44
- Allotment Date
- Sep 15, 2026
- Listing
- Sep 17, 2026
- Listing At
- BSE, NSE
IPO timeline
-
Sep 9, 2026
Open Date
Completed
-
Sep 11, 2026
Close Date
Completed
-
Sep 15, 2026
Allotment Date
Upcoming
-
Sep 17, 2026
Listing Date
Upcoming
Unofficial pre-listing indicator
Manipal Payment & Identity Solutions IPO GMP Today: ₹1
Manipal Payment & Identity Solutions IPO GMP today is ₹1 per share (level with the ₹339 upper price band) as of 12 Sep 2026, 8:15 AM IST. The indicative listing price is ₹340 (₹339 upper price band + ₹1 GMP). GMP rose ₹1 from the previous recorded quote.
- Current GMP
- ₹1
- GMP percentage
- 0%
- Upper price band
- ₹339
- Indicative listing price
- ₹340
During the recorded period, Manipal Payment & Identity Solutions IPO GMP ranged from ₹0 to ₹30. The latest GMP is ₹1, up from ₹0.
Manipal Payment & Identity Solutions IPO GMP trend (day-wise) 40 observations
| Date & time | GMP | Change | GMP % | Indicative price |
|---|---|---|---|---|
| ₹1 | +₹1 | 0% | ₹340 | |
| ₹0 | −₹3 | 0% | ₹339 | |
| ₹3 | +₹2 | 1% | ₹342 | |
| ₹1 | −₹1 | 0% | ₹340 | |
| ₹2 | −₹2 | 1% | ₹341 | |
| ₹4 | −₹1 | 1% | ₹343 | |
| ₹5 | ₹0 | 1% | ₹344 | |
| ₹5 | ₹0 | 1% | ₹344 | |
| ₹5 | −₹3 | 1% | ₹344 | |
| ₹8 | −₹2 | 2% | ₹347 |
Manipal Payment & Identity Solutions IPO Subscription Details
View Subscription DetailsManipal Payment & Identity Solutions IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Manipal Payment & Identity Solutions IPO Essentials
Manipal Payment & Identity Solutions IPO Details
Manipal Payment & Identity Solutions IPO is priced at ₹322-339 per share with a total issue size of 805 crore. The IPO has a lot size of 44 shares and will be listed on BSE and NSE.
- Issue price
- ₹322-339 per equity share
- Lot size
- 44 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- ₹805 Crores
- Total issue size
- 2,37,46,313 shares
(aggregating up to ₹805 crore) - Fresh issue
- 94,39,528 shares
(aggregating up to ₹320 crore) - Offer for sale (OFS)
- 14,30,67,85 shares
(aggregating up to ₹485 crore) - Retail Portion
- 10%
- Listing at
- BSE, NSE
- Listing date
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead manager
-
Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., Nuvama Wealth Management Ltd.
Market Lot Size
Investors can bid for a minimum of 44 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 44 | ₹14,916 |
| Retail(max) | 13 | 572 | ₹1,93,908 |
| sHNI(min) | 14 | 616 | ₹2,08,824 |
| sHNI(max) | 67 | 2,948 | ₹9,99,372 |
| bHNI(min) | 68 | 2,992 | ₹10,14,288 |
Manipal Payment & Identity Solutions IPO Reservation
Manipal Payment & Identity Solutions IPO reservation details show category-wise allocation of shares. Out of the total 23746313 shares, approximately 30% are reserved for QIB, 15% for NII, 10% for retail investors, and 45% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 10685841 (45%) | |
| QIB Shares Offered | 7123894 (30%) | |
| NII (HNI) Shares Offered | 3561947 (15%) | |
| bHNI > ₹10L | 2374631 (10%) | 3855 |
| sHNI < ₹10L | 1187316 (5%) | 1927 |
| Retail Shares Offered | 2374631 (10%) | 53,969 |
| Total Shares Offered | 23746313 (100%) |
Manipal Payment & Identity Solutions IPO Analytics
Manipal Payment & Identity Solutions IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Manipal Payment & Identity Solutions IPO Subscription Status
Manipal Payment & Identity Solutions IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 1.42x, indicating moderate demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 71,23,894 |
35,61,947
23,74,631
11,87,316
|
23,74,631 | 1,30,60,472 |
|
Day 1
09-09-26 05:00 PM
|
0.00 x |
0.13x
0.11x
0.18x
|
0.73 x | 0.17 x |
|
Day 2
10-09-26 05:00 PM
|
0.03 x |
0.24x
0.20x
0.34x
|
1.22 x | 0.31 x |
|
Day 3
11-09-26 05:00 PM
|
1.26 x |
1.22x
1.24x
1.18x
|
2.19 x | 1.42 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 1,00,342 (Approx) | 0.23x | 1.07x | 1.79x |
Manipal Payment & Identity Solutions Valuations
Earnings
- EPS Pre IPO
- ₹11.40/-
- EPS Post IPO
- ₹10.93/-
- P/E Pre IPO
- 29.74
- P/E Post IPO
- 31.02
Returns
- ROE
- 29.35%
- ROCE
- 32.69%
- RoNW
- 22.93%
- PAT Margin
- 18.68%
Fundamentals
- Price / Book
- 6.94
- Market Cap
- ₹7,858.17 Cr.
Manipal Payment & Identity Solutions Financials( In Crs.)
| 31-Mar-26 | 31-Mar-25 | 31-Mar-24 | |
|---|---|---|---|
| Assets | 1,160.90 | 1,409.67 | 1,102.71 |
| Revenue | 1,356.59 | 1,277.11 | 1,267.97 |
| Profit After Tax | 253.46 | 282.21 | 249.17 |
| Net Worth | 1,107.34 | 619.70 | 405.05 |
| Reserves & Surplus | 747.43 | 262.89 | 48.25 |
Manipal Payment & Identity Solutions Company & Offer Insights
About Manipal Payment & Identity Solutions
Manipal Payment and Identity Solutions Ltd (MPISL) is the largest banking and smart card manufacturer in India.
It provides end-to-end card services, ranging from the design and production to the delivery of the card to its customers, which include banks and government agencies.The Company has extended its business globally across the United Kingdom, Europe, Asia-Pacific, and MEA regions.
The company boasts 10 modern manufacturing facilities and 19 units in 11 cities.
Manipal Payment & Identity Solutions Promoter(s)
Tonse Gautham Pai, T. Satish U. Pai, Sandhya S. Pai, Manipal Technologies Limited, Manipal Media Network Limited, Tridevitha Consultancy Services Private Limited and Tridevita Family Trust 2017. are the company's promoters of Manipal Payment & Identity Solutions.
Manipal Payment & Identity Solutions IPO Issue Objectives
- •
- Capital Expenditure on Equipment
- •
- General corporate purposes
Manipal Payment & Identity Solutions IPO - Anchor Investors
Manipal Payment and Identity Solutions Limited finalised its anchor investor allocation on September 8, 2026, raising ₹362.25 crore from 36 institutional investors at an anchor price of ₹339 per share.
The anchor book comprises 1,06,85,841 equity shares, with domestic mutual funds receiving 32.85% of the allocation through 4 fund houses across 16 schemes, including Motilal Oswal Mutual Fund, Baroda BNP Paribas Mutual Fund, ITI Mutual Fund, and Groww Mutual Fund. Edelweiss Life Insurance Company Limited was the sole life insurance participant, receiving 2.77%. The remaining allocation went to a broad mix of AIFs and foreign portfolio investors, led by Abakkus Emerging Opportunities Fund-1 at 8.28%, CSIM India Opportunities Fund 1 at 5.53%, and New Mark Capital, SageOne, Sanshi Fund-I, Alchemy Emerging Leaders of Tomorrow, and Girik Multicap Growth Equity Fund, each at 5.38%.
Manipal Payment & Identity Solutions IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Manipal Payment | N/A | N/A | 22.93% | N/A |
| Seshaasai Technologies | 4.38 | 24.9 | 16.81% | N/A |
Manipal Payment & Identity Solutions IPO - Strengths and Risks
Manipal Payment & Identity Solutions IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Manipal Payment & Identity Solutions
+91 820 220 5480
Udayavani Building, Press Corner, Manipal, Karnataka, 576104
Registrar Contact Details
MUFG Intime India Private Limited (Link Intime)
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Manipal Payment & Identity Solutions IPO is a book-built IPO worth ₹805 crore. The price band is ₹322–₹339 per share. The IPO opens on Sep 9, 2026 and closes on Sep 11, 2026. It will be listed on BSE and NSE. MUFG Intime India Pvt. Ltd. is the registrar.
The price band of Manipal Payment & Identity Solutions IPO is ₹322 to ₹339 per share.
The lot size of Manipal Payment & Identity Solutions IPO is 44 shares.
The minimum investment for Manipal Payment & Identity Solutions IPO is approximately ₹14,916 based on the upper price band .
Manipal Payment & Identity Solutions IPO opens on Sep 9, 2026 and closes on Sep 11, 2026.
The allotment date of Manipal Payment & Identity Solutions IPO is Sep 15, 2026.
Manipal Payment & Identity Solutions IPO is expected to be listed on Sep 17, 2026, on BSE and NSE .
Manipal Payment & Identity Solutions IPO GMP today is ₹1 per share (level with the ₹339 upper price band) as of 12 Sep 2026, 8:15 AM IST. The indicative listing price is ₹340 (₹339 upper price band + ₹1 GMP). GMP rose ₹1 from the previous recorded quote.
Manipal Payment & Identity Solutions IPO valuation snapshot: P/E 31.02, EPS ₹10.93/-, P/B 6.94, RoNW 22.93%, and market cap ₹7,858.17 Cr.
To apply for Manipal Payment & Identity Solutions IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Manipal Payment & Identity Solutions IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Manipal Payment & Identity Solutions IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Manipal Payment & Identity Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Manipal Payment & Identity Solutions IPO allotment status on IPO Ji for quick and easy access.