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Manipal Payment and Identity Solutions IPO Listing Price, Gain & Allotment

Listed Mainboard IPO BSE, NSE
Listed 17 Sep 2026 · updated 1 month ago
Price band
₹339
GMP
₹-6
Est. listing price₹333
Est. listing gain-1.77%
Issue size₹805 Cr
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Manipal Payment and Identity Solutions IPO Details

Open DateWed, 9 Sep 2026
Close DateFri, 11 Sep 2026
Listing DateThu, 17 Sep 2026
Listing AtBSE, NSE
Price Band₹339 per share
Lot Size44 shares
Min. Investment₹14,916
Issue Size₹805 Cr

Manipal Payment and Identity Solutions IPO Dates & Timeline

Tentative dates follow SEBI's T+3 listing timeline
IPO Opens
Wed, 9 Sep
IPO Closes
Fri, 11 Sep
Basis of Allotment
Mon, 14 Sep
Tentative
Refunds Initiated
Tue, 15 Sep
Tentative
Shares Credited to Demat
Tue, 15 Sep
Tentative
Listing Date
Thu, 17 Sep

Manipal Payment and Identity Solutions IPO GMP Today

All IPO GMP
GMP today ₹-6
Est. listing price ₹333
Est. gain % -1.77%
Est. profit / lot ₹-264
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains. Try the GMP calculator · What is GMP? · GMP of all IPOs

Final visitor sentiment

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Manipal Payment and Identity Solutions IPO Subscription Status

As of 11 Sep, 7:00 PM
Retail (RII)
2.19x
NII / HNI
1.22x
bHNI (>₹10L)
1.24x
sHNI (₹2–10L)
1.18x
QIB
1.26x
Total
1.42x

Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.

Manipal Payment and Identity Solutions IPO Listing Price & Gain

Issue price₹339
Listing price (NSE)₹330
Listing gain-2.65%
Listing-day close₹345.15 (+1.8%)

The last GMP before listing (₹-6) pointed to about ₹333; the shares opened 0.9 points below that estimate. How accurate is GMP?

Manipal Payment and Identity Solutions IPO Allotment Status

The registrar for this IPO is MUFG Intime (Link Intime). You can also check on the exchange websites using your PAN or application number.

MUFG Intime (Link Intime) BSE NSE

New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.

Manipal Payment and Identity Solutions IPO Lot Size & Minimum Investment

At upper price band of ₹339
ApplicationLotsSharesAmount
Retail (Min) 1 44 ₹14,916
Retail (Max) 13 572 ₹1,93,908
S-HNI (Min) 14 616 ₹2,08,824
S-HNI (Max) 67 2,948 ₹9,99,372
B-HNI (Min) 68 2,992 ₹10,14,288

Manipal Payment and Identity Solutions IPO analysis: what the numbers say

The ₹805 Cr issue combines a fresh issue of ₹320 Cr, which goes to the company, and an offer for sale (OFS) of ₹485 Cr by existing shareholders, so about 40% of the money raised reaches the business. Promoter holding falls from 62.1% to 53.92% after the issue.

Revenue rose from ₹1,267.97 Cr in FY24 to ₹1,356.59 Cr in FY26, a compound annual growth of 3.4%. Profit after tax grew from ₹249.17 Cr to ₹253.46 Cr. That is a net profit margin of 18.7% in FY26. Borrowings were 0 times net worth at the end of FY26.

The issue closed subscribed 1.42x overall (QIB 1.26x, NII 1.22x and retail 2.19x). Manipal Payment and Identity Solutions listed at ₹330 on 17 Sep 2026, -2.7% against the issue price of ₹339. The last GMP before listing had pointed to about ₹333, so it opened 0.9 points below the grey market estimate. It closed the first day at ₹345.15 (+1.8%).

Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.

Manipal Payment and Identity Solutions IPO Issue Structure

Fresh issue ₹320 Cr (39.8%) Offer for sale ₹485 Cr (60.2%)
Face value₹2 / share
Market cap (post issue)—
Promoter holding (pre)62.1%
Promoter holding (post)53.92%
Promoters
Tonse Gautham Pai, T.Satish U.Pai, Sandhya S.Pai, Manipal Technologies Ltd, Manipal Media Network Ltd, Tridevitha Consultancy Services Pvt. Ltd, Tridevita Family Trust 2017
Book running lead managers
Motilal Oswal Investment Advisors Ltd.

Objects of the Manipal Payment and Identity Solutions IPO

  1. Capital Expenditure on Equipment. ~ Rs. 238.43 Cr.
  2. General Corporate Purposes.

Manipal Payment and Identity Solutions IPO Strengths & Risks

Strengths

  • The company was ranked the highest in India and 14th globally for payment card shipments with chips and magstripe in 2023, and stands among the top 10 card manufacturers for Mastercard.
  • As of June 2025, it is a leading producer of national identity cards in India (billing over 1 billion cards in 12 regional languages) and partners with the Ministry of Road Transport and Highways (MORTH) for polycarbonate driving licenses.
  • The firm demonstrates robust profitability and return ratios, showing a return on net worth (RONW) of 22.93%, an ROCE of 32.69%, and an EBITDA margin of 33.6%.

Risks

  • The company is susceptible to contract renewals because a sizable amount of its income depends on important financial partners, governmental organizations, and international payment networks.
  • A significant portion of the ₹805 crore offering size is allocated to the promoters' ₹485 crore OFS, which means that a significant amount of IPO proceeds will not go straight into the company's balance sheet for expansion.
  • During the shift to fiscal 2026, the company's net earnings decreased year over year, which may have been caused by pricing competition or input cost pressures.

Manipal Payment and Identity Solutions Financials

Restated, ₹ crore
Revenue Profit after tax
Period ended FY2431 Mar 2024FY2531 Mar 2025FY2631 Mar 2026
Revenue 1,267.971,277.111,356.59
Profit after tax 249.17282.21253.46
Net worth 405.05619.71,107.34
Total assets 1,102.711,409.671,160.9
Total borrowings 449.47472.870.42
PAT margin 19.65%22.1%18.68%

Manipal Payment and Identity Solutions Key Performance Indicators (KPIs)

ROE29.35%
ROCE32.69%
RoNW22.93%
Debt / Equity0

About Manipal Payment and Identity Solutions IPO

Manipal Payment and Identity Solutions is a mainboard IPO worth ₹805 crore with a price band of ₹339 per share. The issue opens on 9 September 2026 and closes on 11 September 2026. Shares are expected to list on 17 September 2026 on BSE, NSE.

Manipal Payment & Identity Solutions IPO is a Mainboard IPO with an issue size of Rs. 805 Cr by Manipal Payment & Identity Solutions Limited, which serves banks, fintechs, non-banking financial companies, and governments in both local and foreign markets with payment, identification, security, smart tagging, and Internet of Things (IoT) solutions.

Payment cards, check solutions, wearables with payment capabilities, Near-Field Communication (NFC)/Quick Response (QR) codes, and digital automation systems are some of its payment options.

Driving licenses, registration certificates, national identity cards, and transportation management systems are some of its identification solutions. Secure logistics, insurance policy personalization, premium notifications, and renewal letters are some of its secure solutions.

State Bank of India, Canara Bank, Bank of India, Jammu and Kashmir Bank, Central Bank of India, Indian Bank, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Federal Bank, and City Union Bank are some of its clients.

This new IPO is to be launched on 09 Sep 2026, and its ‘initial public offering’ will end on 11 Sep 2026.

Manipal Payment and Identity Solutions IPO: FAQs

What is the subscription status of Manipal Payment and Identity Solutions IPO?

The issue closed subscribed 1.42x overall (QIB 1.26x, NII 1.22x and retail 2.19x). Figures are from NSE and cover bids on both exchanges.

What was the listing price of Manipal Payment and Identity Solutions IPO?

Manipal Payment and Identity Solutions listed at ₹330 on 17 Sep 2026, -2.7% against the issue price of ₹339. The last GMP before listing had pointed to about ₹333, so it opened 0.9 points below the grey market estimate. It closed the first day at ₹345.15 (+1.8%).

What is the price band of Manipal Payment and Identity Solutions IPO?

The Manipal Payment and Identity Solutions IPO price band is ₹339 per share and the issue size is ₹805 crore.

What is the lot size and minimum investment for Manipal Payment and Identity Solutions IPO?

One lot of Manipal Payment and Identity Solutions IPO has 44 shares. The minimum application for retail investors is 1 lot (44 shares), which costs ₹14,916 at the upper price band.

When does Manipal Payment and Identity Solutions IPO open and close?

Manipal Payment and Identity Solutions IPO opens for subscription on Wednesday, 9 September 2026 and closes on Friday, 11 September 2026. Bids are accepted until 5 PM on the closing day.

What is the Manipal Payment and Identity Solutions IPO allotment date?

The basis of allotment for Manipal Payment and Identity Solutions IPO is expected to have been finalised on Monday, 14 September 2026, one working day after the issue closes (SEBI T+3 timeline).

How to check Manipal Payment and Identity Solutions IPO allotment status?

Visit the website of the registrar, MUFG Intime (Link Intime), select Manipal Payment and Identity Solutions IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.

When is Manipal Payment and Identity Solutions IPO listing date?

Manipal Payment and Identity Solutions shares listed on BSE, NSE on Thursday, 17 September 2026 at ₹330 per share.

Is Manipal Payment and Identity Solutions a mainboard or SME IPO?

Manipal Payment and Identity Solutions is a mainboard IPO, listing on the main board of BSE, NSE.

Last updated 28 Sep 2026, 11:54 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.