Manipal Payment IPO Day 2: Subscription Status on 10 September 2026

The Manipal Payment IPO has entered Day 2 of its three day bidding window, which opened on 9 September and closes on 11 September 2026. Manipal Payment & Identity Solutions Limited, part of the Manipal Group, is raising about Rs 805 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both BSE and NSE.

Day 1 bidding for the issue stayed thin through the morning session, with subscription levels close to nil across categories. With QIBs holding around 75 percent of the offer, and this pattern typical of large mainboard issues, institutional bids in the closing hours will likely be decisive for the final subscription figure of the issue.

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Manipal Payment IPO Details

The table below sets out the key parameters of the issue.

Open Date	9 September 2026
Close Date	11 September 2026
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 Subscription Status Day 2

The table below shows the subscription trend for the issue through its bidding window so far.

Session	Overall Subscription
Through Day 1 (9 Sep)	Close to nil
Day 2, so far (10 Sep)	Updating through the session

The issue has seen limited participation so far, consistent with a pattern common among large mainboard issues carrying a high QIB allocation, where institutional bidding concentrates closer to the 11 September close. Investors should check the live BSE and NSE numbers as the session progresses.

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 so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 11 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 11 September close.

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.

Conclusion

The issue has had a slow start, with subscription close to nil through Day 1, and two sessions still remain before the 11 September close for the large QIB book to build. Investors considering the issue should review the company financials 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 2?

Ans. The issue remained subscribed close to nil through Day 1 on 9 September, and figures for Day 2, 10 September 2026, are updating through today's session on BSE and NSE.

When does the Manipal Payment IPO close?

Ans. The issue closes for subscription on 11 September 2026, having opened on 9 September 2026.

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, taking the minimum retail investment to about Rs 14,916 at the upper band.

Why has the Manipal Payment IPO seen low subscription so far?

Ans. Subscription for the issue has stayed thin through Day 1, which is common for large mainboard issues with a high QIB allocation, since institutional bids typically concentrate closer to the 11 September closing day.

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.

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, entering your bid in multiples of 44 shares within the Rs 322 to Rs 339 band and approving the UPI mandate 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, with listing on both BSE and NSE tentatively scheduled for 17 September 2026.

What is the reservation split 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 issue 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.

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 identification solutions such as driving licences and national identity cards for banks, fintechs and governments.