Manipal Payment and Identity Solutions Limited IPO
9 Sept 2026 – 11 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹394.9
- H
- ₹394.9
- L
- ₹363.7
- C
- ₹366.05
13 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹322 – ₹339
- Lot Size
- 44 shares
- Min Investment
- ₹14,916 (1 lot · 44 shares)
- Face Value
- ₹2
- Fresh Issue
- ₹320 Cr (to the company)
- Offer for Sale
- 1,43,06,785 shares (to selling holders)
- Issue Size
- Initial Public Offer comprising of fresh issue aggregating up to 3200 million and offer for sale up to 14,306,785 Equity shares (including Anchor portion of 1,06,85,841 Equity Shares)
- Registrar
- MUFG Intime India Private Limited ↗
Timetable
GMP History
Latest GMP ₹0 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 16 Sept | ₹-6 | -1.8% | +₹4 | ₹333 | |
| 15 Sept | ₹-10 | -2.9% | −₹11 | ₹329 | |
| 14 Sept | ₹1 | +0.3% | +₹3 | ₹340 | |
| 13 Sept | ₹-2 | -0.6% | −₹3 | ₹337 | |
| 12 Sept | ₹1 | +0.3% | — | ₹340 | |
| 11 Sept | ₹1 | +0.3% | −₹3 | ₹340 | |
| 10 Sept | ₹4 | +1.2% | −₹4 | ₹343 | |
| 9 Sept | ₹8 | +2.4% | −₹29 | ₹347 | |
| 8 Sept | ₹37 | +10.9% | −₹1 | ₹376 | |
| 7 Sept | ₹38 | +11.2% | — | ₹377 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 71,23,89554.5% | 58,61,460 | 0.82x |
| NII / HNI | 35,61,94627.3% | 20,30,116 | 0.57x |
| bNII · bids above ₹10L | 23,74,63118.2% | 10,13,012 | 0.43x |
| sNII · bids ₹2L–₹10L | 11,87,3159.1% | 10,17,104 | 0.86x |
| Retail | 23,74,63118.2% | 34,96,592 | 1.47x |
Bids received on NSE, as at 11-Sep-2026 19:00:57 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 11 Sept | — | — | — | 0.87x |
| 10 Sept | 0.03x | 0.24x | 1.22x | 0.31x |
| 9 Sept | 0.00x | 0.13x | 0.73x | 0.17x |
Financials
All values in ₹ crore
About Manipal Payment and Identity Solutions
Manipal Payment and Identity Solutions Ltd (MPISL) is the India's largest banking and smart card manufacturer. It offers comprehensive card services including creation, designing, manufacturing and delivering it to customers, including public and private sector banks, fintech companies, and government departments. The company has expanded its operations globally across the United Kingdom, Europe, Asia-Pacific, and MEA regions. The company has 10 state-of-the-art factory setups with 19 production units across 11 cities.
As published in the company's own offer documents.
Lead Managers
- Motilal Oswal Investment Advisors Limited
- Axis Capital Limited
- ICICI Securities Limited
- IIFL Capital Services Limited
- Nuvama Wealth Management Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 44 | ₹14,916 |
| Retail (max)most that stays under ₹2L | 13 | 572 | ₹1,93,908 |
| S-HNI (min)first bid over ₹2L | 14 | 616 | ₹2,08,824 |
| S-HNI (max)most that stays under ₹10L | 67 | 2,948 | ₹9,99,372 |
| B-HNI (min)first bid over ₹10L | 68 | 2,992 | ₹10,14,288 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 44 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 1,30,60,432 Equity Shares in multiple of 44 Equity Shares (Calculated at higher end price band)
- Max Bid (NII)
- 59,36,568 Equity Shares in multiple of 44 Equity Shares (Calculated at higher end price band)
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 11-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Axis Bank Limited and ICICI Bank Limited
Registrar
- Name
- MUFG Intime India Private Limited
- Address
- C-101, Embassy 247, L.B.S. Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India
- Contact
- Shanti Gopalkrishnan, +91 8108114949, manipalpayment.ipo@in.mpms.mufg.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Manipal Payment and Identity Solutions Limited IPO today?
The latest grey market premium for Manipal Payment and Identity Solutions Limited IPO is ₹0. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Manipal Payment and Identity Solutions Limited IPO?
The price band is ₹322 – ₹339, with a lot size of 44 shares. The minimum investment is ₹14,916.
When does Manipal Payment and Identity Solutions Limited IPO open and close?
The issue opens on 9 Sept 2026 and closes on 11 Sept 2026. Listing is expected on 17 Sept 2026.
Who is the registrar for Manipal Payment and Identity Solutions Limited IPO?
MUFG Intime India Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.