Manipal Payment and Identity Solutions' Rs 805-crore IPO which opened for subscription today, Sept. 9, was subscribed 0.17 times at the end of Day 1 of bidding. The mainboard issue will close on Sept. 11, whereas the latest grey market premium indicates a potential listing gain of 3.83% over the upper price band of Rs 339.
Note: Grey market premiums are unofficial and may not accurately reflect the stock's actual listing performance.
Investors considering the Manipal Payment IPO should keep these key details in mind before subscribing.
Manipal Payment IPO GMP Today
The GMP for Manipal Payment and Identity Solutions IPO stood at Rs 13 as of 7:30 p.m. on Sept. 9. With the upper price band of Rs 339, the IPO's estimated listing price is Rs 352 (cap price + GMP). This implies an estimated listing gain of 3.83% for investors at the upper price band.
Manipal Payment IPO: Key Details
The IPO of Manipal Payment and Identity Solutions is a book build issue of Rs 805 crore. The issue is a combination of fresh issue of 94.40 lakh shares aggregating to Rs 320 crore and offer for sale of 1.43 crore shares aggregating to Rs 485 crore.
The price band for the IPO is set between Rs 322 and Rs 339 per share.
To participate in the IPO, retail investors must bid for at least a single lot of 44 shares. This means a minimum amount of investment required by an individual investor (retail) is Rs 14,916 (based on upper price).
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the registrar of the issue.
For more details on the IPO, check the red herring prospectus here: Manipal Payment RHP.
Also Read: Manipal Payment And Identity Solutions IPO Day 1: Check Subscription Status, GMP, Key Details
Manipal Payment and Identity Solutions IPO Key Dates:
- Bidding window opens: Sept. 9
- Bidding window closes: Sept. 11
- Allotment finalisation: Sept. 15
- Refund initiation: Sept. 16
- Credit of Shares to Demat accounts: Sept. 16
- Listing date: Sept. 17
Use Of Proceeds
The company will use the net proceeds to fund capital expenditure on equipment (Rs 238.43 crore). The remaining funds will be used for general corporate purposes.
Company Financials
The total income of Manipal Payment and Identity Solutions increased by 6% in FY26, while profit after tax (PAT) declined by 10% from FY25.
For FY26, Manipal Payment reported:
- Total income: Rs 1,356.59 crore, compared with Rs 1,277.11 crore in FY25
- Profit after tax (PAT): Rs 253.46 crore, compared with Rs 282.21 crore in FY25
- EBITDA: Rs 455.83 crore, compared with Rs 408.77 crore a year earlier
About Manipal Payment & Identity Solutions Ltd.
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 wearables and digital automation solutions.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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