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Manipal Payment and Identity Solutions Ltd IPO

Open Mainboard BSE, NSE Bookbuilding IPO
Min Investment
₹14,916
44 shares · 1 lot

Manipal Payment and Identity Solutions Ltd IPO is priced at ₹322–₹339 per share with an issue size of ₹805 crore. The IPO opens on Sep 09, 2026 and closes on Sep 11, 2026, with a lot size of 44 shares and a minimum investment of ₹14,916.

Open
09 Sep
Close
11 Sep
Allotment
15 Sep
Refund
16 Sep
Listing
17 Sep

Market Sentiment

Grey Market Premium

No GMP data recorded yet for this IPO.

GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

Live Subscription

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Subscription data isn't available yet — it appears once bidding opens.

IPO Details

Price Band ₹322.00 - ₹339.00 per share
Lot Size44 shares
Min Investment₹14,916
Total Issue Size ₹805.00 crore
Shares Offered2,37,46,313
Issue Structure Fresh Issue + Offer for Sale
Issue TypeBookbuilding IPO
Lead Manager(s)Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., Nuvama Wealth Management Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
Listing AtBSE, NSE

Quick Profit Calculator

Issue price ₹339 · lot size 44 shares · no GMP recorded, so estimated profit is nil

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 44 ₹14,916 ₹14,916 ₹0
Retail (Max) 13 572 ₹1,93,908 ₹1,93,908 ₹0
S-HNI (Min) 14 616 ₹2,08,824 ₹2,08,824 ₹0
S-HNI (UPI limit) 33 1,452 ₹4,92,228 ₹4,92,228 ₹0
S-HNI (Max) 67 2,948 ₹9,99,372 ₹9,99,372 ₹0
B-HNI (Min) 68 2,992 ₹10,14,288 ₹10,14,288 ₹0
No grey market premium has been recorded for this IPO yet, so profit is shown as nil. The investment column still reflects what each category would need to apply. Figures update automatically once GMP data or the listing price is available.

Financial Analysis

EPS
₹11.40
P/E (Post)
31.02 x
RoNW
22.93%
RoCE
32.69%
Net Worth
₹1107.34 Cr
MetricLatest Reported
Total Income₹1356.59 Cr
Profit After Tax₹253.46 Cr
Net Worth₹1107.34 Cr

Promoters & Holding

Promoters: Tonse Gautham Pai, T.Satish U.Pai, Sandhya S.Pai, Manipal Technologies Ltd.

Promoter Holding (Pre-Issue)622365000%
Promoter Holding (Post-Issue)631804528%

Strengths & Risks

Strengths

  • Strong customer base including major banks and fintech companies.
  • Diverse range of payment and identification solutions.
  • Established presence in both domestic and international markets.

Risks & Concerns

  • Dependence on a limited number of customers for a significant portion of revenue.
  • Competition from other payment solution providers.
  • Regulatory changes affecting the financial services industry.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

Manipal Payment & Identity Solutions Limited provides payment solutions, identification solutions, secure solutions, and smart tagging and IoT solutions to banks, fintechs, non-banking finance companies and governments across domestic and international markets.

Served over 300 customers across domestic and international markets.

Founded2008
HeadquartersManipal, Karnataka
IndustryFinancial Services
Websitehttps://mpimanipal.com/

Objects of the Issue

  • Capital Expenditure on Equipment
  • General Corporate Purposes

Registrar & Allotment

RegistrarMUFG Intime India Pvt.Ltd.
Phone022-49186000
Email[email protected]

Resources & Documents

Frequently Asked Questions

12 answers about Manipal Payment and Identity Solutions Ltd IPO — dates, pricing, allotment and listing.

Manipal Payment and Identity Solutions Ltd IPO is a bookbuilding ipo of ₹805 crore. The issue is priced at ₹322–₹339 per share, with a lot size of 44 shares. Bidding opens on Wed, 09 Sep 2026 and closes on Fri, 11 Sep 2026, with shares to be listed on BSE and NSE.

The price band is ₹322–₹339 per share.

One lot is 44 shares. Bids must be placed in multiples of 44.

A retail investor needs at least ₹14,916 – one lot of 44 shares at ₹339, the upper end of the price band.

Manipal Payment and Identity Solutions Ltd IPO opens on Wed, 09 Sep 2026 and closes on Fri, 11 Sep 2026.

Allotment is expected to be finalised on Tue, 15 Sep 2026.

Manipal Payment and Identity Solutions Ltd shares are expected to list on Thu, 17 Sep 2026 on BSE and NSE.

The company intends to use the net proceeds towards capital expenditure on equipment and general corporate purposes.

Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd. and Nuvama Wealth Management Ltd. are the book running lead managers. MUFG Intime India Pvt.Ltd is the registrar to the issue.

Apply online through your broker using UPI, or through your bank's net banking using ASBA. Select Manipal Payment and Identity Solutions Ltd IPO, enter a quantity in multiples of 44 along with your bid price, submit the application, then approve the UPI mandate in your payment app before the cut-off time.

Category-wise demand from retail, NII and QIB bidders is on the Manipal Payment and Identity Solutions Ltd IPO subscription page, and on the BSE and NSE websites.

From Tue, 15 Sep 2026, check the Manipal Payment and Identity Solutions Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.