{"id":236012,"date":"2026-09-09T10:01:12","date_gmt":"2026-09-09T04:31:12","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=236012"},"modified":"2026-09-09T10:01:14","modified_gmt":"2026-09-09T04:31:14","slug":"manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/","title":{"rendered":"Manipal Payment IPO Day 1: Subscription Opens Today, 9 September 2026"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Manipal Payment IPO opens today, 9 Sep 2026, closes 11 Sep 2026. Price band Rs 322-339. Lot size 44 shares. Lists on BSE and NSE on 17 Sep.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">The Manipal Payment IPO opens for subscription today, 9 September 2026, and will remain open until 11 September 2026. Manipal Payment &amp; Identity Solutions Limited, part of the Manipal Group, makes payment cards and secure identity documents for banks, fintechs and governments, and is raising about Rs 805 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 322 to Rs 339 per share, with a lot size of 44 shares, and the shares are proposed to list on both BSE and NSE. Since bidding has only just opened, category wise subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.<\/p>\n<\/div>\n<p>Manipal Payment &amp; Identity Solutions Limited, incorporated in 2008 and part of The Manipal Group, has opened its IPO for subscription today, 9 September 2026. The Manipal Payment IPO is a mainboard, book built issue worth about Rs 805 crore, comprising a fresh issue of up to Rs 320 crore and an offer for sale of about 1.43 crore shares worth up to Rs 485 crore by promoter Manipal Technologies Limited, and will remain open for bidding until 11 September 2026. The equity shares are proposed to be listed on both BSE and NSE.<\/p>\n<p>The company provides payment solutions such as payment cards, cheque solutions and NFC and QR based products, alongside identification solutions including driving licences, registration certificates and national identity cards, serving banks, fintechs, NBFCs and governments across domestic and international markets. In FY26 the company served over 300 customers, and the fresh issue proceeds of the Manipal Payment IPO are earmarked in part for capacity expansion and general corporate purposes.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=manipal-payment-ipo-day1\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#Manipal_Payment_IPO_Details\" title=\"Manipal Payment IPO Details\">Manipal Payment IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#Manipal_Payment_IPO_Quick_Facts\" title=\"Manipal Payment IPO Quick Facts\">Manipal Payment IPO Quick Facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#Manipal_Payment_IPO_Share_Reservation\" title=\"Manipal Payment IPO Share Reservation\">Manipal Payment IPO Share Reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#Manipal_Payment_IPO_Subscription_Status_Day_1\" title=\"Manipal Payment IPO Subscription Status Day 1\">Manipal Payment IPO Subscription Status Day 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#How_to_Apply_for_the_Manipal_Payment_IPO\" title=\"How to Apply for the Manipal Payment IPO\">How to Apply for the Manipal Payment IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#About_Manipal_Payment_Identity_Solutions_Limited\" title=\"About Manipal Payment &amp; Identity Solutions Limited\">About Manipal Payment &amp; Identity Solutions Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#What_is_the_Manipal_Payment_IPO_subscription_status_on_Day_1\" title=\"What is the Manipal Payment IPO subscription status on Day 1?\">What is the Manipal Payment IPO subscription status on Day 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#When_does_the_Manipal_Payment_IPO_open_and_close\" title=\"When does the Manipal Payment IPO open and close?\">When does the Manipal Payment IPO open and close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#What_is_the_Manipal_Payment_IPO_price_band_and_lot_size\" title=\"What is the Manipal Payment IPO price band and lot size?\">What is the Manipal Payment IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#What_is_the_issue_size_and_structure_of_the_Manipal_Payment_IPO\" title=\"What is the issue size and structure of the Manipal Payment IPO?\">What is the issue size and structure of the Manipal Payment IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#How_are_shares_reserved_across_investor_categories_in_the_Manipal_Payment_IPO\" title=\"How are shares reserved across investor categories in the Manipal Payment IPO?\">How are shares reserved across investor categories in the Manipal Payment IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#What_is_the_Manipal_Payment_IPO_GMP\" title=\"What is the Manipal Payment IPO GMP?\">What is the Manipal Payment IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#How_do_I_apply_for_the_Manipal_Payment_IPO\" title=\"How do I apply for the Manipal Payment IPO?\">How do I apply for the Manipal Payment IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#When_will_the_Manipal_Payment_IPO_be_allotted_and_listed\" title=\"When will the Manipal Payment IPO be allotted and listed?\">When will the Manipal Payment IPO be allotted and listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#What_does_Manipal_Payment_Identity_Solutions_Limited_do\" title=\"What does Manipal Payment &amp; Identity Solutions Limited do?\">What does Manipal Payment &amp; Identity Solutions Limited do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/manipal-payment-identity-solutions-initial-public-offering-day-1-subscription-9-september-2026\/#Who_are_the_registrar_and_lead_managers_for_the_Manipal_Payment_IPO\" title=\"Who are the registrar and lead managers for the Manipal Payment IPO?\">Who are the registrar and lead managers for the Manipal Payment IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Manipal_Payment_IPO_Details\"><\/span><strong>Manipal Payment IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets out the key parameters of the issue, including the price band, lot size and important dates.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<td><strong>Open Date<\/strong><\/td>\n<td>9 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Close Date<\/strong><\/td>\n<td>11 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Face Value<\/strong><\/td>\n<td>Rs 2 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Price Band<\/strong><\/td>\n<td>Rs 322 to Rs 339 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Lot Size<\/strong><\/td>\n<td>44 shares<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Size<\/strong><\/td>\n<td>Rs 805 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Type<\/strong><\/td>\n<td>Book Built Issue<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing At<\/strong><\/td>\n<td>BSE and NSE<\/td>\n<\/tr>\n<tr>\n<td><strong>Allotment Date<\/strong><\/td>\n<td>15 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing Date<\/strong><\/td>\n<td>17 September 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Manipal_Payment_IPO_Quick_Facts\"><\/span><strong>Manipal Payment IPO Quick Facts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th>Particulars<\/th>\n<th>Snapshot<\/th>\n<\/tr>\n<tr>\n<td>Minimum retail investment<\/td>\n<td>Rs 14,916 (1 lot, 44 shares)<\/td>\n<\/tr>\n<tr>\n<td>Maximum retail application<\/td>\n<td>Rs 1,93,908 (13 lots, 572 shares)<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>MUFG Intime India Pvt Ltd<\/td>\n<\/tr>\n<tr>\n<td>Lead Managers<\/td>\n<td>Motilal Oswal Investment Advisors Ltd, Axis Capital Ltd, ICICI Securities Ltd, IIFL Capital Services Ltd, Nuvama Wealth Management Ltd<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Manipal_Payment_IPO_Share_Reservation\"><\/span><strong>Manipal Payment IPO Share Reservation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue reserves around 75 percent of the offer for qualified institutional buyers, about 15 percent for non-institutional investors, and roughly 10 percent for retail individual investors, the lowest retail quota among mainboard issues opening this week. Retail bidders can apply for a minimum of 1 lot, or 44 shares, and up to 13 lots, or 572 shares.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Manipal_Payment_IPO_Subscription_Status_Day_1\"><\/span><strong>Manipal Payment IPO Subscription Status Day 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bidding for the issue has opened today, 9 September 2026, so the category wise numbers below will fill in as the session progresses. With QIBs holding a large 75 percent share of the offer, institutional bids typically arrive closer to the final day.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th>Investor Category<\/th>\n<th>Subscription Status, Day 1 (9 Sep)<\/th>\n<\/tr>\n<tr>\n<td>Qualified Institutional Buyers (QIB)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Non-Institutional Investors (NII)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Retail Individual Investors<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td><strong>Overall<\/strong><\/td>\n<td><strong>Bidding just opened, updating through the session<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Subscription Status for the issue on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Manipal_Payment_IPO\"><\/span><strong>How to Apply for the Manipal Payment IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.<\/li>\n<li>Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 322 to Rs 339 band, in multiples of 44 shares.<\/li>\n<li>Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.<\/li>\n<li>Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 11 September.<\/li>\n<\/ol>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to apply for the issue on its opening day.<\/em><\/p>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator for the Manipal Payment &amp; Identity Solutions IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Manipal_Payment_Identity_Solutions_Limited\"><\/span><strong>About Manipal Payment &amp; Identity Solutions Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Manipal Payment &amp; Identity Solutions Limited, part of The Manipal Group and incorporated in 2008, manufactures payment cards, cheque solutions, NFC and QR enabled products, and identification solutions such as driving licences, registration certificates and national identity cards for banks, fintechs, NBFCs and governments. The company&#8217;s card business alone covers 18 private banks, 9 public sector banks, 10 small finance banks and 34 fintechs, though its profit declined slightly in FY26 even as revenue grew, ahead of the issue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue has opened for bidding today, 9 September 2026, offering exposure to a scale manufacturer in secure payments and identity products backed by the Manipal Group. Investors considering the issue should study the company financials, customer concentration and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Manipal_Payment_IPO_subscription_status_on_Day_1\"><\/span><strong>What is the Manipal Payment IPO subscription status on Day 1?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for bidding today, 9 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on BSE and NSE as the day progresses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Manipal_Payment_IPO_open_and_close\"><\/span><strong>When does the Manipal Payment IPO open and close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for subscription today, 9 September 2026, and will close on 11 September 2026, a standard three day bidding window for a mainboard issue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Manipal_Payment_IPO_price_band_and_lot_size\"><\/span><strong>What is the Manipal Payment IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue price band is Rs 322 to Rs 339 per share, with a lot size of 44 shares. Retail investors must apply for a minimum of 1 lot, taking the minimum investment to about Rs 14,916 at the upper price band, and can apply for up to 13 lots, or 572 shares, worth about Rs 1,93,908.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_and_structure_of_the_Manipal_Payment_IPO\"><\/span><strong>What is the issue size and structure of the Manipal Payment IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue is worth about Rs 805 crore, comprising a fresh issue of up to Rs 320 crore and an offer for sale of about 1.43 crore shares worth up to Rs 485 crore by promoter Manipal Technologies Limited.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_are_shares_reserved_across_investor_categories_in_the_Manipal_Payment_IPO\"><\/span><strong>How are shares reserved across investor categories in the Manipal Payment IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue reserves around 75 percent of the offer for qualified institutional buyers, about 15 percent for non-institutional investors, and roughly 10 percent for retail individual investors, the lowest retail quota among mainboard issues opening this week.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Manipal_Payment_IPO_GMP\"><\/span><strong>What is the Manipal Payment IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_apply_for_the_Manipal_Payment_IPO\"><\/span><strong>How do I apply for the Manipal Payment IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 44 shares and your price within the Rs 322 to Rs 339 band, then approve the UPI mandate request on your phone before the daily cut off.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Manipal_Payment_IPO_be_allotted_and_listed\"><\/span><strong>When will the Manipal Payment IPO be allotted and listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue allotment is expected to be finalised on 15 September 2026, and the shares are tentatively scheduled to list on both BSE and NSE on 17 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Manipal_Payment_Identity_Solutions_Limited_do\"><\/span><strong>What does Manipal Payment &amp; Identity Solutions Limited do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Manipal Payment &amp; Identity Solutions Limited, part of The Manipal Group, manufactures payment cards, cheque solutions and NFC and QR enabled payment products, along with identification solutions such as driving licences and national identity cards, for banks, fintechs, NBFCs and governments.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_registrar_and_lead_managers_for_the_Manipal_Payment_IPO\"><\/span><strong>Who are the registrar and lead managers for the Manipal Payment IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> MUFG Intime India Pvt Ltd is the registrar for the issue, while 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 issue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manipal Payment &#038; Identity Solutions IPO opens today. 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