Manipal Payment IPO Day 3: Subscription Closes Today, 11 September 2026

Manipal Payment & Identity Solutions Limited, part of the Manipal Group, has reached the final day of its IPO subscription window today, 11 September 2026. The Manipal Payment IPO opened on 9 September and is a mainboard, book built issue worth about Rs 805 crore, comprising a fresh issue and an offer for sale. The shares are proposed to list on both BSE and NSE.

Demand for the issue has built gradually through the bidding window, moving from a thin opening day to around 0.28 times by mid-afternoon on Day 2. With QIBs holding around 75 percent of the offer, and this pattern typical of large mainboard issues, institutional bids in the closing hours today will likely be decisive for the final subscription figure of the issue.

Click Here – Get Free Investment Predictions

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 3

The table below tracks how the issue has moved through its bidding window, from Day 1 through to the closing day itself.

Session	Overall Subscription
Day 1 (9 Sep)	Close to nil
Day 2 (10 Sep, 3:33 PM)	0.28 times
Day 3, closing day so far (11 Sep)	Updating through the session

The issue has stayed under-subscribed through the first two sessions, with the large QIB book yet to show meaningful activity. Investors should check the live BSE and NSE numbers as today's final 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 well before the cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

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 closes today with subscription still under full book at 0.28 times through Day 2, and the large QIB book remains the key factor to watch before the deadline. 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 before the window shuts today.

FAQs

What is the Manipal Payment IPO subscription status on Day 3?

Ans. The issue was running at around 0.28 times through Day 2 on 10 September, up from close to nil on Day 1, and figures for the closing day, 11 September 2026, are updating through today's session.

When does the Manipal Payment IPO close?

Ans. The issue closes for subscription today, 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 investment to about Rs 14,916 at the upper price band.

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

Ans. Subscription for the issue has stayed thin through the first two sessions, which is common for large mainboard issues with a high QIB allocation of around 75 percent, since institutional bids typically concentrate closer to the 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 before it closes?

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 today's 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.

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.