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Manipal Payment & Identity Solutions IPO
Manipal Payment & Identity Solutions IPO
Total Shares
2,37,46,313
Issue Size
₹805 Cr
Price Band
₹322 – ₹339
Lot Size
44 shares
Min. Investment
₹14,916
Max. Investment
₹1,93,908
Open Date
09 Sep, 2026
Close Date
11 Sep, 2026
Allotment
15 Sep, 2026
Listing
17 Sep, 2026
Max. Investment
₹1,93,908
Announced
09 Sep, 2026
Opening Date
09 Sep, 2026
Closing Date
11 Sep, 2026
Basis of Allotment
15 Sep, 2026
Initiation of Refunds
16 Sep, 2026
Credit of Shares
16 Sep, 2026
Listing Date
17 Sep, 2026
Live GMP
Est. Listing: ₹368
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Manipal Payment & Identity Solutions IPO
Incorporated in 2008, Manipal Payment & Identity Solutions Limited is part of The Manipal Group. The Company provides payment solutions, identification solutions, secure solutions, and smart tagging and Internet of Things (IoT) solutions to banks, fintechs, non-banking finance companies and governments across domestic and international markets.
Its payment solutions include payment cards, cheque solutions, Near-Field Communication (NFC)/Quick Response (QR) codes, payment-enabled wea
Manipal Payment & Identity Solutions IPO Share Price
Issue Breakdown
Shareholding
Dilution: 4.2% increase in shares
Manipal Payment & Identity Solutions IPO Financial Health
Manipal Payment & Identity Solutions Ltd.'s revenue increased by 6% and profit after tax (PAT) dropped by 10% between the financial year ending with March 31, 2026 and March 31, 2025.
Manipal Payment & Identity Solutions IPO Lot Size
Investors can bid for a minimum of 44 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 44 | ₹14,916 |
| Retail (Max) | 13 | 572 | ₹1,93,908 |
| S-HNI (Min) | 14 | 616 | ₹2,08,824 |
| S-HNI (Max) | 67 | 2948 | ₹9,99,372 |
| B-HNI (Min) | 68 | 2992 | ₹10,14,288 |
(All values in CR)
Manipal Payment & Identity Solutions IPO Valuations
| Metric | Value |
|---|---|
| ROE | 29.35 |
| ROCE | 32.69 |
| Debt/Equity | 0.00 |
| RoNW | 22.93 |
| PAT Margin | 18.68 |
| EBITDA Margin | 33.60 |
| NAV | 48.84 |
| Price to Book Value | 6.94 |
(All values in CR)
Manipal Payment & Identity Solutions IPO Strength & Risk
Manipal Payment & Identity Solutions IPO Strength
- Strong presence in the payment-card and identity solutions market
- Long-standing relationships with banks, fintechs, NBFCs and government customers
- Diversified portfolio across payment cards, identity documents, secure printing, RFID and IoT solutions
- Established technology and security-focused manufacturing capabilities
- Experienced management backed by the Manipal Group
- Strong operating margins and significant reduction in borrowings support financial strength
- Fresh IPO funds are planned largely for equipment acquisition and capacity expansion
Manipal Payment & Identity Solutions IPO Risk
- High dependence on a limited number of major customers
- Significant reliance on top suppliers for raw materials
- Payment-card manufacturing remains a major revenue contributor
- Growing adoption of digital payments could affect long-term physical card demand
- Government identity business depends on tenders and government spending
- Technology, cybersecurity and payment-network compliance risks could affect operations
- Future profitability may be affected if recent strong margins are not sustained
- IPO valuation needs careful assessment relative to earnings growth
Manipal Payment & Identity Solutions IPO GMP
Manipal Payment and Identity Solutions IPO last GMP is ₹29, last updated Sep 5th 2026 02:58 PM. With the upper price band of ₹339.00, Manipal Payment and Identity Solutions IPO's estimated listing price is ₹368 (cap price + today's GMP). The expected percentage gain/loss per share is 8.55%. >> Manipal Payment and Identity Solutions IPO Retail Subject to Sauda: ₹1000 >> Manipal Payment and Identity Solutions IPO Small HNI Subject to Sauda: ₹14000
Last updated 05 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 05 Sep, 2026 | 339 | ₹29 | - | ₹368 (8.55%) | 1276 | 05 Sep, 2026 |
| 04 Sep, 2026 | 339 | ₹29 | - | ₹368 (8.55%) | 1276 | 04 Sep, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Manipal Payment & Identity Solutions IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Manipal Payment & Identity Solutions IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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