Manipal Payment IPO Day 1: Subscription Opens Today, 9 September 2026

Manipal Payment & 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.

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.

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Manipal Payment IPO Details

The table below sets out the key parameters of the issue, including the price band, lot size and important dates.

Open Date	9 September 2026
Close Date	11 September 2026
Face Value	Rs 2 per share
Price Band	Rs 322 to Rs 339 per share
Lot Size	44 shares
Issue Size	Rs 805 crore
Issue Type	Book Built Issue
Listing At	BSE and NSE
Allotment Date	15 September 2026
Listing Date	17 September 2026

Manipal Payment IPO Quick Facts

Particulars	Snapshot
Minimum retail investment	Rs 14,916 (1 lot, 44 shares)
Maximum retail application	Rs 1,93,908 (13 lots, 572 shares)
Registrar	MUFG Intime India Pvt Ltd
Lead Managers	Motilal Oswal Investment Advisors Ltd, Axis Capital Ltd, ICICI Securities Ltd, IIFL Capital Services Ltd, Nuvama Wealth Management Ltd

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.

Manipal Payment IPO Share Reservation

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.

Manipal Payment IPO Subscription Status Day 1

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.

Investor Category	Subscription Status, Day 1 (9 Sep)
Qualified Institutional Buyers (QIB)	Bidding just opened, updating through the session
Non-Institutional Investors (NII)	Bidding just opened, updating through the session
Retail Individual Investors	Bidding just opened, updating through the session
Overall	Bidding just opened, updating through the session

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Manipal Payment IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. 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.
3. Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 11 September.

Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.

Grey market premium (GMP) is an unofficial, unregulated indicator for the Manipal Payment & 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.

About Manipal Payment & Identity Solutions Limited

Manipal Payment & 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'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.

Conclusion

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.

FAQs

What is the Manipal Payment IPO subscription status on Day 1?

Ans. 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.

When does the Manipal Payment IPO open and close?

Ans. 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.

What is the Manipal Payment IPO price band and lot size?

Ans. 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.

What is the issue size and structure of the Manipal Payment IPO?

Ans. 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.

How are shares reserved across investor categories in the Manipal Payment IPO?

Ans. 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.

What is the Manipal Payment IPO GMP?

Ans. 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.

How do I apply for the Manipal Payment IPO?

Ans. 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.

When will the Manipal Payment IPO be allotted and listed?

Ans. 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.

What does Manipal Payment & Identity Solutions Limited do?

Ans. Manipal Payment & 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.

Who are the registrar and lead managers for the Manipal Payment IPO?

Ans. 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.