Manipal Payment IPO open date is September 9, 2026 and the IPO will close on September 11, 2026. Manipal Payment & Identity Solutions IPO is a Book Build Issue. The company to raise around ₹805 crores via IPO that comprises fresh issue of ₹320 crores and offer for sale up to 1,43,06,785 equity shares with face value of ₹2 each.
Manipal Payment & Identity Solutions IPO price band is ₹322 to ₹339 per share. The retail quota is 10%, QIB is 75%, and HNI is 15%. Manipal Payment & Identity Solutions IPO to list on BSE, NSE on September 17, 2026. The allotment of Manipal Payment & Identity Solutions IPO date is September 15, 2026.
The company reported revenue of ₹1,356.59 crores in 2026 against ₹1,277.11 crores in 2025. The company reported profit of ₹253.46 crores in 2026 against profit of ₹282.21 crores in 2025. As per the financials the IPO investors should apply the IPO for a long term.
The Manipal Payment and Identity Solutions IPO is one of the mainboard IPOs opening for subscription in September 2026. The company is looking to raise ₹805 crore through a combination of a fresh issue and an Offer for Sale (OFS).
The IPO will remain open from September 9 to September 11, 2026, with the shares proposed to be listed on the NSE and BSE on September 17, 2026.
Manipal Payment and Identity Solutions IPO – Key Details
| Particulars | Details |
|---|---|
| Company Name | Manipal Payment and Identity Solutions Limited |
| IPO Type | Mainboard IPO |
| IPO Size | ₹805 crore |
| Fresh Issue | ₹320 crore |
| Offer for Sale | ₹485 crore |
| Price Band | ₹322 – ₹339 per share |
| Face Value | ₹2 per share |
| Lot Size | 44 shares |
| Minimum Investment | ₹14,168 |
| IPO Opening Date | September 9, 2026 |
| IPO Closing Date | September 11, 2026 |
| Allotment Date | September 15, 2026 |
| Listing Date | September 17, 2026 |
| Listing Exchanges | NSE & BSE |
The minimum retail application is for 44 shares, requiring an investment of ₹14,168 at the upper price band of ₹339 per share.
About Manipal Payment and Identity Solutions
Manipal Payment and Identity Solutions operates in the payments and identification solutions space. Its offerings include payment cards, cheque-related solutions, NFC and QR-code solutions, payment-enabled wearables, secure identification products and IoT-related solutions.
The company serves banks, fintech companies, NBFCs, government organisations and other customers in India and international markets.
Manipal Payment IPO Issue Structure
The ₹805 crore IPO consists of:
- Fresh Issue: ₹320 crore
- Offer for Sale: ₹485 crore
- Total Issue Size: ₹805 crore
The fresh issue involves up to approximately 94.40 lakh equity shares, while the OFS comprises up to approximately 1.43 crore shares offered by the promoter selling shareholder.
How Will the IPO Money Be Used?
A significant portion of the fresh issue proceeds is planned for capital expenditure on equipment, including the purchase and installation of new and second-hand equipment.
According to reports, around ₹238.4 crore from the proceeds is earmarked for equipment-related expenditure, with the remaining amount intended for general corporate purposes.
Manipal Payment IPO GMP
The Grey Market Premium (GMP) is an unofficial indicator of market sentiment and is not guaranteed to translate into the actual listing price.
Investors should therefore avoid making an investment decision based solely on GMP. The final listing performance will depend on subscription demand, broader market conditions, valuation and the company's fundamentals.
Manipal Payment IPO Subscription
The IPO opened for subscription on September 9, 2026. On the first day, subscription data showed relatively measured demand, with retail and non-institutional participation being tracked closely by investors.
Subscription figures can change significantly during the IPO period, particularly on the final day.
Strengths of Manipal Payment and Identity Solutions
Some factors that may support the company's long-term growth include:
1. Strong Position in Payment Cards
The company has a significant presence in payment card issuance and serves major participants across the banking and financial-services ecosystem.
2. Diversified Product Portfolio
Its business extends beyond payment cards into identification solutions, secure tagging, IoT and other technology-driven products.
3. Growing Digital Payments Ecosystem
The continued expansion of India's digital payments and financial-services ecosystem can create opportunities for payment technology and related infrastructure providers.
4. Institutional and Government Customers
The company serves banks, fintechs, NBFCs and government clients, providing exposure to multiple customer segments.
Risks to Consider
Before investing, investors should also consider the potential risks.
The payments industry is highly regulated, and changes in regulations can increase compliance requirements and costs. Competitive pressure, dependence on key customers, technology changes and execution of planned capital expenditure are other factors that investors should evaluate.
Investors should read the company's Red Herring Prospectus carefully before making an investment decision. The company's RHP and abridged prospectus are available through the SEBI filing.
Should You Invest in Manipal Payment and Identity Solutions IPO?
The IPO offers exposure to a company operating across payment, identification and technology solutions. Its position in the financial-services ecosystem and potential demand for digital payment and identification infrastructure may support its long-term growth.
However, the IPO also comes with valuation, regulatory and execution risks. Investors should consider their risk appetite, investment horizon, company financials and IPO valuation rather than relying only on GMP or expected listing gains.
Manipal Payment IPO Important Dates
The IPO opened on September 9, 2026 and closes on September 11, 2026. The basis of allotment is expected on September 15, while shares are scheduled to be credited around September 16 and listed on September 17, 2026.
Conclusion
The Manipal Payment and Identity Solutions IPO is a ₹805 crore mainboard issue with a price band of ₹322–₹339 per share and a lot size of 44 shares. The issue combines a ₹320 crore fresh issue with a ₹485 crore OFS.
With operations spanning payment solutions, identity products and technology services, the company operates in sectors linked to India's expanding financial and digital infrastructure. However, investors should carefully evaluate valuation, financial performance, regulatory risks and the company's future growth prospects before investing.
Disclaimer: This article is for informational and educational purposes only and should not be considered investment advice. Investors should review the official IPO documents and consult a qualified financial adviser before making investment decisions.
Manipal Payment & Identity Solutions IPO FAQs
What is Manipal Payment IPO?
Manipal Payment IPO is Mainboard IPO. The company is going to raise ₹805 Crores via IPO. The issue is priced at ₹322 to ₹339 per equity share. The IPO is to be listed on BSE & NSE.
When Manipal Payment & Identity Solutions IPO will open for subscription?
The IPO is to open on September 9, 2026 for QIB, NII, and Retail Investors. The IPO will close on September 11, 2026.
What is Manipal Payment & Identity Solutions IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
How to Apply the Manipal Payment & Identity Solutions IPO?
You can apply for Manipal Payment & Identity Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Manipal Payment & Identity Solutions IPO Issue Size?
Manipal Payment & Identity Solutions IPO issue size is ₹805 crores.
What is Manipal Payment & Identity Solutions IPO Price Band?
Manipal Payment & Identity Solutions IPO Price Band is ₹322 to ₹339.
What is Manipal Payment & Identity Solutions IPO Lot Size?
The minimum bid is 44 Shares with ₹14,916 amount.
What is the Manipal Payment & Identity Solutions IPO Allotment Date?
Manipal Payment & Identity Solutions IPO allotment date is September 15, 2026.
What is the Manipal Payment & Identity Solutions IPO Listing Date?
Manipal Payment & Identity Solutions IPO listing date is September 17, 2026. The IPO is to list on BSE & NSE.