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Manipal Payment and Identity Solutions Limited IPO
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Latest GMP
- Lead Manager
- Motilal Oswal Investment Advisors Limited
- IPO Registrar
- MUFG Intime India Private Limited
- IPO Open Date
- 9th Sep 2026
- IPO Close Date
- 11th Sep 2026
- Allotment date
- 15th Sep 2026
- Listing date
- 17th Sep 2026
- Issue Size
- ₹ 805 Cr.
- Issue Price Band
- ₹ 322 to 339
- Lot Size
- 44 Share
- Minimum Investment
- ₹ 14916
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Manipal Payment and Identity Solutions Limited
Manipal Payment and Identity Solutions is a fintech entity under the Manipal Group, specializing in digital payment solutions and identity management services.
The company provides secure, technology-driven platforms for payments, digital identity verification, and related financial technology services aimed at enhancing transaction efficiency and security for businesses and consumers.
Competitive Strengths
- Strong backing from the established Manipal Group ecosystem
- Focus on innovative digital payment and identity solutions in India’s rapidly growing fintech landscape
- Technology-led approach ensuring security, convenience, and scalability
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 71,23,895 (54.55%) | 89,64,164 | 1.26 |
| NII | 35,61,946 (27.27%) | 43,46,144 | 1.22 |
| bNII (> ₹10L) | 23,74,631 (18.18%) | 29,40,828 | 1.24 |
| sNII (< ₹10L) | 11,87,315 (9.09%) | 14,05,316 | 1.18 |
| Retail | 23,74,631 (18.18%) | 52,02,296 | 2.19 |
| Total | 1,30,60,472 (100.00%) | 1,85,12,604 | 1.42 |
Updated on 2026-10-03 02:37:00
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 16-09-2026 | ₹339 | ₹10 | ₹349 ( 2.95% ) | ₹440.00 | 16-Sep-2026 10:22 AM |
| 15-09-2026 | ₹339 | ₹1 | ₹340 ( 0.29% ) | ₹44.00 | 15-Sep-2026 10:21 AM |
| 14-09-2026 | ₹339 | ₹2 | ₹341 ( 0.59% ) | ₹88.00 | 14-Sep-2026 10:12 AM |
| 12-09-2026 | ₹339 | ₹1 | ₹340 ( 0.29% ) | ₹44.00 | 12-Sep-2026 10:18 AM |
| 11-09-2026 | ₹339 | ₹1 | ₹340 ( 0.29% ) | ₹44.00 | 11-Sep-2026 02:41 PM |
| 10-09-2026 | ₹339 | ₹8 | ₹347 ( 2.36% ) | ₹352.00 | 10-Sep-2026 10:15 AM |
Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.
Financials of Manipal Payment and Identity Solutions Limited
A quick overview of the key Financial Performance of Manipal Payment and Identity Solutions Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 6%, Profit after Tax (PAT) decreased by 10%, Total Assets decreased by 18% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 1,247.52 | 1,256.07 | 1,326.75 |
| Assets | 1,102.71 | 1,409.67 | 1,160.90 |
| Total Income | 1,267.97 | 1,277.11 | 1,356.59 |
| Profit After Tax | 249.17 | 282.21 | 253.46 |
| EBITDA | 355.57 | 408.77 | 455.83 |
| Net Worth | 405.05 | 619.70 | 1,105.38 |
| Reserves & Surplus | 48.25 | 262.89 | 747.43 |
| Total Borrowings | 449.47 | 472.87 | 0.42 |
Amount in ₹ Crore
IPO Lot Size
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
2,948
₹ 9,99,372
B-HNI (Min)
68
2,992
₹ 10,14,288
| 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 | 2,948 | ₹ 9,99,372 |
| B-HNI (Min) | 68 | 2,992 | ₹ 10,14,288 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 29.35 |
| ROCE (%) | 32.69 |
| Debt / Equity | 0 |
| RoNW (%) | 22.93 |
| PAT Margin (%) | 18.68 |
| EBITDA Margin (%) | 33.6 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
11.26
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
61.55
-
|
Disclaimer:
KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.
IPO Lead Manager(s)
Lead Manager Details
- Motilal Oswal Investment Advisors Limited
- Contact Person: Ronak Shah
- SEBI Registration Number: INM000011005
- Investor Grievance Email: moiaplredressal@motilaloswal.com
- Website: https://www.motilaloswal.com
- Email: mpi.ipo@motilaloswal.com
- Phone: +91 22 7193 4380
- Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai 400 025, Maharashtra, India
Lead Manager Details
- Axis Capital Limited
- Contact Person: Tosit Agarwal
- SEBI Registration Number: INM000012029
- Investor Grievance Email: complaints@axiscap.in
- Website: https://www.axiscapital.co.in
- Email: manipal.ipo@axiscap.in
- Phone: +91 22 4325 2183
- Address: --
Lead Manager Details
- ICICI Securities Limited
- Contact Person: Ramesh Vaswana/ Shri Subramanyam
- SEBI Registration Number: INM000011179
- Investor Grievance Email: customercare@icicisecurities.com
- Website: https://www.icicisecurities.com
- Email: mpisl.ipo@icicisecurities.com
- Phone: +91 22 6807 7100
- Address: ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, Maharashtra, India
Lead Manager Details
- IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
- Contact Person: Yogesh Malpani/ Pawan Kumar Jain
- SEBI Registration Number: INM000010940
- Investor Grievance Email: ig.ib@iiflcap.com
- Website: https://www.iiflcapital.com
- Email: mpi.ipo@iiflcap.com
- Phone: +91 22 4646 4728
- Address: 24th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013, Maharashtra, India
Lead Manager Details
- Nuvama Wealth Management Limited
- Contact Person: Pari Vaya
- SEBI Registration Number: INM000013004
- Investor Grievance Email: customerservice.mb@nuvama.com
- Website: https://www.nuvama.com
- Email: mpi.ipo@nuvama.com
- Phone: +91 22 4009 4400
- Address: 801-804, Wing A, Building No. 3, Inspire BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400 051, Maharashtra, India
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited
- Phone
- +91 81081 14949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, Embassy 247, L.B.S Marg, Vikhroli (West), Mumbai - 400083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Manipal Payment and Identity Solutions Limited
- Phone
- +91 820 2205 000
- Contact Person
- Dattatri Manjunatha Hardur
- Corporate Identity Number
- U72900KA2008PLC045316
- Address
- Udayavani Building, Press Corner, Manipal 576 104, Karnataka, India
- Website
- https://mpimanipal.com/
Manipal Payment and Identity Solutions Limited FAQs
The Manipal Payment and Identity Solutions Limited IPO is a MAIN IPO with a total issue size of
₹ 805 crores.
The IPO price band is fixed at
₹322 to ₹339 per share,
and the minimum lot size is
44 Shares.
The Manipal Payment and Identity Solutions Limited IPO will open on
9th Sep 2026,
and will close on
11th Sep 2026.
MUFG Intime India Private Limited has been appointed as the registrar for the issue.
The equity shares are proposed to be listed on NSE,BSE.
The Manipal Payment and Identity Solutions Limited IPO opens on 9th Sep 2026 and closes on 11th Sep 2026.
The Manipal Payment and Identity Solutions Limited IPO lot size is 44 Share, and the minimum amount required for application is ₹ 14916.
You can apply for the Manipal Payment and Identity Solutions Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account.
To apply online, log in to your broker’s platform, select Manipal Payment and Identity Solutions Limited IPO, enter the number of lots, choose your price within the price band, and submit the application.
After submitting, approve the UPI mandate to block the required amount in your bank account.
Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.
The Manipal Payment and Identity Solutions Limited IPO listing date is 17th Sep 2026.
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