Manipal Payment and Identity Solutions
17 Sep '26MAINBOARD
Min. Investment
₹14,168
Issue size
₹805 Cr
GMP
Locked
Current subscription status: --
Expert verdict
IPO dates
09 Sep
Opening
11 Sep
Closing
17 Sep
Listing
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 44 | ₹14,916 |
| HNI (Min) | 14 | 616 | ₹2,08,824 |
Subscription (as on 09 September 2026, 05:19 AM)
Overall-
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2023|MD: Mr Abhay Anant Gupte
- Manipal Payment & Identity Solutions Limited is a provider of payments, identification, secure, smart tagging, and Internet of Things (IoT) solutions for banks, fintechs, non-banking finance companies, and governments in India and international markets.
- Its payment solutions include payment cards, cheque solutions, near-field communication (NFC) and quick-response (QR) codes, payment-enabled wearables and digital automation solutions. Its identification solutions include driving licences, registration certificates, national identity cards, and transit management solutions. The company’s secure solutions include secure logistics, insurance policy personalisation, premium notices, renewal letters, marketing collaterals, tamper-evident envelopes, holograms and coated products. Its smart tagging and IoT solutions include excise labels with holograms and encrypted QR codes, RFID-based IoT and track-and-trace solutions, and anti-counterfeiting solutions.
- Incorporated in 2008, the company is part of the Manipal Group. It acquired the variable data printing and secure logistics business of Manipal Technologies Limited in 2024 and its smart tagging and IoT solutions and related security printing businesses in 2025.
- Use of proceeds:
- The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:
- Capital expenditure on equipment — Rs 238.43 crore
- General corporate purposes
Issue Details & Objective
Lot size
44 Shares
Price band
₹322 to 339
Face value
₹2 per share
Financials
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Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Manipal Payment and Identity Solutions IPO is ₹805 Cr
The Manipal Payment and Identity Solutions IPO will be open for applications from 09 Sep '26 to 11 Sep '26
The lot size of Manipal Payment and Identity Solutions IPO is 44 Shares and its minimum investment amount is ₹14,168.
