{"id":233016,"date":"2026-09-07T11:36:57","date_gmt":"2026-09-07T06:06:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=233016"},"modified":"2026-09-07T12:29:44","modified_gmt":"2026-09-07T06:59:44","slug":"blogs-manipal-payment-and-identity-solutions-initial-public-offering-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/blogs-manipal-payment-and-identity-solutions-initial-public-offering-review\/","title":{"rendered":"Manipal Payment and Identity Solutions IPO Review: Key Details, Company Overview and Financials"},"content":{"rendered":"
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Manipal Payment IPO price band Rs 322 to Rs 339. Opens 9 Sep, closes 11 Sep 2026. Issue size Rs 805 Cr. Lists 17 Sep on BSE, NSE.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The Manipal Payment and Identity Solutions IPO, popularly known as Manipal Cards, is a Rs 805 crore bookbuilding issue priced between Rs 322 and Rs 339 per share, open for bidding from 9 to 11 September 2026. The Manipal Group company combines a Rs 320 crore fresh issue with a Rs 485 crore offer for sale by promoter Manipal Technologies Limited. Shares are proposed to list on BSE and NSE around 17 September 2026, even as FY26 profit fell 10 percent on a high base from an exceptional gain a year earlier.<\/p>\n<\/div>\n

The Manipal Payment and Identity Solutions IPO is a bookbuilding issue of Rs 805 crore, comprising a fresh issue of shares worth Rs 320 crore and an offer for sale of 1,43,06,785 equity shares worth Rs 485 crore by promoter Manipal Technologies Limited. The IPO will open for subscription on 9 September 2026 and close on 11 September 2026. The allotment is expected to be finalised on 15 September 2026, while the shares are proposed to list on BSE and NSE around 17 September 2026.<\/p>\n

The Manipal Payment and Identity Solutions IPO price band is set at Rs 322 to Rs 339 per share, with a lot size of 44 shares. Retail investors must apply for a minimum of 44 shares, requiring an investment of Rs 14,916, and can apply for up to 13 lots (572 shares, Rs 1,93,908). HNI investors need to apply for at least 14 lots, or 616 shares, amounting to Rs 2,08,824. Notably, the offer reserves not less than 75 percent for QIBs and only up to 10 percent for retail investors, the lowest retail quota among mainboard IPOs opening this week.<\/p>\n

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 for the Manipal Payment and Identity Solutions IPO, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.<\/p>\n

For detailed information on the company’s business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Manipal Payment and Identity Solutions IPO Red Herring Prospectus (RHP)<\/a> before making an investment decision.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

Here is a complete breakdown of the Manipal Payment and Identity Solutions IPO, covering the company profile, industry backdrop, financial track record and the risks worth weighing before applying to the Manipal Payment and Identity Solutions IPO.<\/p>\n

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