Manipal Payment and Identity Solutions Limited
ListedFinancial Services · Mainboard IPO · INE241U01028
Price band
₹322 – ₹339
Lot size
44 shares
Min. investment
₹14,916
Issue size
₹805 Cr
Face value
₹2
Registrar
MUFG Intime India Pvt.Ltd.
Issue timeline
Bidding opens
09 Sept 2026
Bidding closes
11 Sept 2026
Allotment
15 Sept 2026
Listing
17 Sept 2026
Final subscription
1.42x
overall
99,915
applications
₹628 Cr
bid value
| Category | Sub. (x) | Offered | Bid for | ₹ Cr* |
|---|---|---|---|---|
| Qualified Institutional (QIB) | 1.26x | 71,23,894 | 89,64,164 | 304 |
| Non-Institutional >₹10L (bNII) | 1.24x | 23,74,631 | 29,40,828 | 100 |
| Non-Institutional ₹2–10L (sNII) | 1.18x | 11,87,316 | 14,05,316 | 48 |
| Retail (RII) | 2.19x | 23,74,631 | 52,02,208 | 176 |
| Total | 1.42x | 1,30,60,472 | 1,85,12,516 | 628 |
Combined NSE + BSE subscription, sourced from the exchanges and updated periodically. * bid value approx (shares bid × cut-off price). Final subscription confirmed after the issue closes.
About the company
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.
Issue details
Issue size
₹805 Cr
Fresh issue
₹320 Cr
Offer for sale
₹485 Cr
Industry
Financial Services
Promoter holding (pre)
62.1
Promoter holding (post)
53.92
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 1,267.97 | 1,277.11 | 1356.59 Cr |
| EBITDA | 355.57 | 408.77 | 455.83 |
| Profit after tax | 249.17 | 282.21 | 253.46 Cr |
| Net worth | 405.05 | 619.70 | 1107.34 Cr |
| Total assets | 1,102.71 | 1,409.67 | 1,160.90 |
| Total borrowing | 449.47 | 472.87 | 0.42 |
Objects of the issue
- Capital Expenditure on Equipment
- General Corporate Purposes
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
- 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.
Documents
Calculate your bid
At cut-off price ₹339
Lots
1
- Shares
- 44
- Amount
- ₹14,916
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login