Status
Listed
Price band
₹322–₹339
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
44 shares
Minimum money
₹14,916 for 1 lot
Issue size
₹805 crore
Dates
9 Sept 2026 – 11 Sept 2026
Official links
- Prospectus
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
Manipal Payment & Identity Solutions Ltd. IPO is listed. It opens on 9 Sept 2026 and closes on 11 Sept 2026. The price band is ₹322 to ₹339. One lot is 44 shares, and the minimum amount is ₹14,916. The issue size is ₹805 crore, with a fresh issue of ₹320 crore and an offer for sale of ₹485 crore. In FY26, total income was ₹1,356.59 crore and profit after tax was ₹253.46 crore. Total income was up 6.2% from ₹1,277.11 crore in FY25. Profit after tax was down 10.2% from ₹282.21 crore in FY25.
The total subscription for Manipal Payment & Identity Solutions Ltd. is 1.42 times.
Manipal Payment & Identity Solutions Ltd. listed at ₹330.
Manipal Payment & Identity Solutions, part of the Manipal Group, makes payment cards and identity documents. It also offers secure printing, smart tags and IoT solutions.
Dates
Opens
9 Sept 2026
Closes
11 Sept 2026
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
15 Sept 2026
Refunds
16 Sept 2026
Demat credit
16 Sept 2026
Listing
17 Sept 2026
Objects of the issue
- Capital Expenditure on Equipment
- General Corporate Purposes
- Issue Expenses
Promoters
Tonse Gautham Pai, T.Satish U.Pai, Sandhya S.Pai, Manipal Technologies Ltd., Manipal Media Network Ltd., Tridevitha Consultancy Services Pvt.Ltd. and Tridevita Family Trust 2017
Subscription
Subscribed 1.42x overall. Final, as of 11 Sept 5 pm IST.
Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
1.26x
Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
1.22x
Retail
2.19x
Total
1.42x
Issue structure
Fresh issue and offer for sale
How the issue is split. Amounts are in ₹ crore.
| Part | Amount |
|---|---|
| Fresh issue | ₹320 crore |
| Offer for sale | ₹485 crore |
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 10% |
| Large bids | 15% |
| Big funds | 75% |
Issue
- Face value
- ₹2
- Fresh issue
- ₹320 crore
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹485 crore
- Exchanges
- BSE, NSE
- Registrar
- MUFG Intime India Pvt. Ltd.
Reservation
- Retail
- 10%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 75%
Financials
₹ crore, for the last three reported years.
Total income and profit
Each chart has its own scale. Amounts are in ₹ crore.
Total income
Profit after tax
| Year | Total income | Profit |
|---|---|---|
| FY24 | ₹1,267.97 crore | ₹249.17 crore |
| FY25 | ₹1,277.11 crore | ₹282.21 crore |
| FY26 | ₹1,356.59 crore | ₹253.46 crore |
Net worth
₹ crore, for each year that reports net worth.
| Year | Net worth |
|---|---|
| FY24 | ₹405.05 crore |
| FY25 | ₹619.7 crore |
| FY26 | ₹1,107.34 crore |
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY24 | 1,267.97 | 249.17 | 405.05 | — | — |
| FY25 | 1,277.11 | 282.21 | 619.7 | — | — |
| FY26 | 1,356.59 | 253.46 | 1,107.34 | — | — |
Listing
- Listing price
- ₹330
- Close on listing day
- ₹345.15
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- -2.65% versus ₹339
Frequently asked questions
When does this issue open?
It opens on 9 Sept 2026 and closes on 11 Sept 2026.
What is the lot size and the minimum amount?
One lot is 44 shares. The minimum amount is ₹14,916 for 1 lot.
When are allotment and listing?
Allotment is on 15 Sept 2026. Listing is on 17 Sept 2026.
What is the price band?
The price band is ₹322 to ₹339.
What is the issue size?
The issue size is ₹805 crore.
How many times was it subscribed?
The total subscription is 1.42 times, checked 11 Sept 2026, 5:00 pm IST.
What was the listing gain?
The listing gain against the top of the price band is -2.65%.
This page is a calendar of dates and prices. It is not a recommendation to apply.