Manipal Payment & Identity Solutions Limited is coming up with a Mainboard Book Built public issue comprising a fresh issue of equity shares and an Offer for Sale (OFS) by its existing promoter, Manipal Technologies Limited. The company’s equity shares are proposed to be listed on both the BSE and NSE. The IPO is scheduled to open for subscription on 9 September 2026 and close on 11 September 2026.
The total IPO size is approximately ₹805 crore, comprising a fresh issue of up to ₹320 crore and an Offer for Sale of 1,43,06,785 equity shares. At the upper price band of ₹339 per share, the Offer for Sale component amounts to approximately ₹485 crore. The fresh issue proceeds will primarily be used for capital expenditure on equipment, with the balance proposed for general corporate purposes.
Manipal Payment & Identity Solutions Limited is a technology-driven provider of payment, identification, secure solutions, smart tagging and Internet of Things (IoT) solutions. The company serves banks, fintech companies, non-banking financial companies, government organisations and other customers across domestic and international markets.
The company’s product portfolio includes payment cards, identification products, secure printing and packaging solutions, smart tagging, IoT products, cheque solutions, NFC and QR products, payment-enabled wearables and digital automation solutions. Payment cards remain its largest business segment, contributing approximately 57.3% of revenue from operations in Fiscal 2026.
The company had more than 300 customers globally in Fiscal 2026 and operated 10 facilities across India. It produced approximately 13.54 million credit cards and 72.66 million debit cards during Fiscal 2026 and had estimated market shares of approximately 36.4% in India’s credit-card issuance market and 30.9% in the debit-card issuance market.
The payment and identity solutions industry is supported by increasing digital payments, banking penetration, secure identification requirements, financial inclusion and demand for authentication and anti-counterfeiting products. However, investors should carefully evaluate customer concentration, cybersecurity risks, dependence on payment-card products, imported raw materials, supplier concentration, contingent liabilities and the company’s valuation before making an investment decision.
Table of Contents
Manipal Payment & Identity Solutions IPO Details Information
| IPO Details | Information |
|---|---|
| IPO Name | Manipal Payment & Identity Solutions IPO |
| Company Name | Manipal Payment & Identity Solutions Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹2 Per Equity Share |
| Price Band | ₹322 to ₹339 Per Share |
| Issue Size | ₹805.00 Crore |
| Fresh Issue | ₹320.00 Crore |
| Offer for Sale | 1,43,06,785 Equity Shares |
| IPO Open Date | 9 September 2026 |
| IPO Close Date | 11 September 2026 |
| Anchor Investor Bidding | 8 September 2026 |
| Basis of Allotment | 15 September 2026 |
| Refund Initiation | 16 September 2026 |
| Shares Credited to Demat Account | 16 September 2026 |
| Listing Date | 17 September 2026 |
| Listing Exchange | BSE & NSE |
| Lot Size | 44 Equity Shares |
| Registrar | MUFG Intime India Private Limited |
| Book Running Lead Managers | Motilal Oswal Investment Advisors Limited, Axis Capital Limited, ICICI Securities Limited, IIFL Capital Services Limited and Nuvama Wealth Management Limited |
The IPO comprises 2,37,46,313 equity shares in total, including 94,39,528 equity shares through the fresh issue and 1,43,06,785 equity shares through the Offer for Sale. The upper price band of ₹339 implies a total offer size of approximately ₹805 crore.
Manipal Payment & Identity Solutions IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 8 September 2026 |
| IPO Opening Date | 9 September 2026 |
| IPO Closing Date | 11 September 2026 |
| Basis of Allotment | 15 September 2026 |
| Refund Initiation | 16 September 2026 |
| Shares Credited to Demat Account | 16 September 2026 |
| Listing Date | 17 September 2026 |
The IPO is scheduled to open on September 9, 2026 and close on September 11, 2026. The basis of allotment is expected to be finalised on September 15, followed by refunds and credit of shares on September 16. The proposed listing date is September 17, 2026.
Manipal Payment & Identity Solutions IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not Less Than 75% |
| Non-Institutional Investors (NII) | Not More Than 15% |
| Retail Individual Investors (RII) | Not More Than 10% |
The IPO allocation provides for not less than 75% of the net offer to Qualified Institutional Buyers, not more than 15% to Non-Institutional Investors and not more than 10% to Retail Individual Investors. The final allocation will depend on the valid bids received during the IPO process.
Manipal Payment & Identity Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 44 Shares | ₹14,916 |
| Retail Maximum | 13 Lots | 572 Shares | ₹1,93,908 |
| S-HNI Minimum | 14 Lots | 616 Shares | ₹2,08,824 |
| S-HNI Maximum | 67 Lots | 2,948 Shares | ₹9,99,372 |
| B-HNI Minimum | 68 Lots | 2,992 Shares | ₹10,14,288 |
The application amounts are calculated using the upper price band of ₹339 per equity share. The minimum retail application is one lot of 44 shares, requiring ₹14,916. Retail investors can apply for up to 13 lots, equivalent to 572 shares and an application value of ₹1,93,908 at the upper price band.
About Manipal Payment & Identity Solutions Limited
Manipal Payment & Identity Solutions Limited (MPISL) is a technology-driven company engaged in payment solutions, identification solutions, secure solutions, smart tagging and Internet of Things (IoT) solutions.
The company was incorporated on February 19, 2008 and is part of the Manipal Group. It serves customers including public and private sector banks, fintech companies, NBFCs, government organisations and other institutions in India and international markets.
The company’s core operations include manufacturing and personalisation of payment cards and providing secure identification and authentication products. Its product portfolio covers credit, debit and prepaid cards, metal cards, recycled PVC cards, cheque solutions, national identity cards, driving licences, vehicle registration certificates, secure documents, tax stamps, holograms, RFID products, NFC and QR products, payment-enabled wearables and other smart-tagging solutions.
Manipal Payment & Identity Solutions operates 10 facilities across India covering card manufacturing, card personalisation, cheque printing, central card processing and Smart Tagging & IoT Solutions. The company had a card-production capacity of approximately 118.97 million cards in Fiscal 2026.
Business Operations
Manipal Payment & Identity Solutions Limited operates across several technology-enabled payment, identity and secure-product categories.
• Payment Cards – The company manufactures and personalises credit, debit and prepaid cards for banks, fintech companies and other financial institutions.
• Identification Solutions – It provides identification products such as national identity cards, driving licences and vehicle registration certificates.
• Secure Solutions – The company provides secure printing, document personalisation, tamper-evident packaging, holograms and other security-oriented products.
• Smart Tagging & IoT Solutions – Its portfolio includes RFID-based tracking, excise labels, anti-counterfeiting solutions and other smart-tagging applications.
• Cheque Solutions – The company operates cheque printing and related processing facilities serving banking customers.
• NFC & QR Products – It provides NFC and QR-enabled products for payment and identification applications.
• Payment Wearables – The company offers payment-enabled wearables and related technology products.
• Digital Automation Solutions – Its portfolio also includes technology-enabled automation and digital solutions.
The company’s operations serve financial institutions, government organisations, fintech businesses and other enterprises across India and international markets.
Industry Overview
India’s payments and financial technology ecosystem has expanded rapidly with the growth of digital banking, electronic transactions, card payments and financial inclusion. The demand for secure payment instruments, identity documents, authentication products and anti-counterfeiting technologies has created opportunities for companies operating across payment and identity infrastructure.
Payment cards continue to remain an important part of the financial-services ecosystem, while banks and governments require secure and personalised identification products. Increasing adoption of digital payments and the need for secure authentication can support long-term demand for payment and identity solutions.
The industry also requires strong security standards, technology capabilities and regulatory compliance because companies may handle sensitive financial, identity and cardholder information.
Manipal Payment & Identity Solutions participates in several of these segments and has an established customer base across banks, fintech companies, NBFCs and government organisations. However, investors should consider the competitive nature of the industry, technological changes, cybersecurity threats, customer concentration and dependence on major payment-card products.
Business Strategy
Manipal Payment & Identity Solutions Limited focuses on expanding its production and processing capabilities, broadening its product portfolio and serving the evolving requirements of financial institutions, governments and other customers.
The company intends to use a significant portion of the fresh issue proceeds for purchasing and installing new and second-hand equipment across its manufacturing and processing facilities. The proposed investments cover facilities in Manipal, Chennai, Navi Mumbai and the Chhattisgarh RTO, along with other identified operational locations.
The strategy is also focused on maintaining its position in payment-card manufacturing while expanding identification, secure solutions, smart tagging and IoT offerings. The company has relationships with more than 300 customers globally, with a significant number of customers having long-standing relationships with the company.
The company also seeks to benefit from increasing demand for secure payment instruments, identification products, digital authentication and smart-tagging solutions in India and international markets.
Manipal Payment & Identity Solutions IPO Financial Information
A company’s financial performance provides important information about revenue growth, profitability, assets, net worth, borrowings and operating efficiency. Reviewing the company’s financial results over multiple years helps investors understand its business performance and financial position.
Manipal Payment & Identity Solutions Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹1,267.97 Crore | ₹1,277.11 Crore | ₹1,356.59 Crore |
| EBITDA | ₹355.57 Crore | ₹408.77 Crore | ₹455.83 Crore |
| Profit After Tax (PAT) | ₹249.17 Crore | ₹282.21 Crore | ₹253.46 Crore |
| Total Assets | ₹1,102.71 Crore | ₹1,409.67 Crore | ₹1,160.90 Crore |
| Net Worth | ₹405.05 Crore | ₹619.70 Crore | ₹1,107.34 Crore |
| Reserves & Surplus | ₹48.25 Crore | ₹262.89 Crore | ₹747.43 Crore |
| Total Borrowings | ₹449.47 Crore | ₹472.87 Crore | ₹0.42 Crore |
The company’s total income increased from ₹1,267.97 crore in FY2024 to ₹1,356.59 crore in FY2026. EBITDA increased from ₹355.57 crore to ₹455.83 crore over the same period.
PAT increased from ₹249.17 crore in FY2024 to ₹282.21 crore in FY2025 before declining to ₹253.46 crore in FY2026. The FY2026 decline was partly influenced by the higher base created by exceptional gains in FY2025.
The company’s net worth increased substantially from ₹405.05 crore in FY2024 to ₹1,107.34 crore in FY2026, while reported total borrowings reduced sharply to approximately ₹0.42 crore as of March 31, 2026.
Manipal Payment & Identity Solutions IPO Key Performance Indicators (KPIs)
Key Performance Indicators provide additional information about the company’s profitability, capital efficiency, operating margins, leverage and valuation.
| KPI | FY2026 Value |
|---|---|
| Return on Equity (ROE) | 29.35% |
| Return on Capital Employed (ROCE) | 32.69% |
| Return on Net Worth (RoNW) | 22.93% |
| EBITDA Margin | 33.60% |
| PAT Margin | 18.68% |
| Debt-to-Equity Ratio | 0.00x |
| NAV Per Share | ₹48.84 |
| EPS | ₹11.26 |
| P/E Ratio | 28.60x – 30.11x |
The FY2026 figures indicate strong EBITDA and return ratios. The company reported an EBITDA margin of 33.60%, ROCE of 32.69% and RoNW of 22.93%. The reported debt-to-equity position was close to zero after the substantial reduction in borrowings.
At the upper price band of ₹339, the IPO valuation is approximately 30 times FY2026 earnings on the pre-issue basis, depending on the EPS methodology used. Investors should consider the valuation alongside the company’s growth rate, profitability, market position and industry prospects.
Objects of the Manipal Payment & Identity Solutions IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
• Capital expenditure on equipment – ₹238.43 crore.
• General corporate purposes – balance amount from the net fresh issue proceeds after meeting the specified capital expenditure and applicable issue-related requirements.
The proposed capital expenditure includes the purchase and installation of new and second-hand equipment at the company’s card manufacturing facility, personalisation bureaus, cheque printing facilities, central card processing centres and Smart Tagging & IoT Solutions facility.
The equipment is proposed to be deployed across facilities and operational locations including Manipal, Chennai, Navi Mumbai and the Chhattisgarh RTO, among others. The objective is to expand production and processing capabilities and support the company’s business requirements.
The proceeds from the Offer for Sale will be received by the selling shareholder and will not form part of the company’s funds.
Manipal Payment & Identity Solutions IPO Listing Performance
The listing performance will be updated after the equity shares begin trading on the stock exchanges.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | 17 September 2026 |
| Issue Price | ₹322 to ₹339 Per Share |
| Final Issue Price | To be updated |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
As of September 4, 2026, the IPO has not yet been listed. Therefore, no actual listing price or listing gain can be stated. The shares are scheduled to be listed on BSE and NSE on September 17, 2026.
Manipal Payment & Identity Solutions IPO Subscription Status
The subscription figures will be updated after the IPO opens for bidding.
Manipal Payment & Identity Solutions IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | To be updated, if applicable |
| Total Subscription | To be updated |
The IPO is scheduled to open on September 9, 2026 and close on September 11, 2026. Therefore, category-wise subscription figures are not available as of September 4, 2026.
Manipal Payment & Identity Solutions IPO Review
Manipal Payment & Identity Solutions Limited operates in a specialised technology and manufacturing segment covering payment cards, identification products, secure solutions, smart tagging and IoT applications. Its customer base includes banks, fintech companies, NBFCs and government organisations in India and overseas markets.
One of the company’s key strengths is its position in India’s payment-card market. The company reported an estimated 36.4% share of India’s credit-card issuance market and 30.9% share of the debit-card issuance market in Fiscal 2026. It also produced 13.54 million credit cards and 72.66 million debit cards during the year.
The company has a broad customer base of more than 300 customers globally and operated 10 facilities across India as of Fiscal 2026. More than 211 customers had been associated with the company for over five years, indicating a significant base of established customer relationships.
Financially, total income increased from ₹1,267.97 crore in FY2024 to ₹1,356.59 crore in FY2026, while EBITDA increased from ₹355.57 crore to ₹455.83 crore. PAT, however, declined from ₹282.21 crore in FY2025 to ₹253.46 crore in FY2026, partly due to the high base created by exceptional gains in the preceding year.
Another notable financial development is the reduction in reported borrowings. Total borrowings declined from ₹472.87 crore in FY2025 to approximately ₹0.42 crore in FY2026, while net worth increased substantially.
The fresh issue will primarily fund capital expenditure of ₹238.43 crore for new and second-hand equipment. This investment could support additional production and processing capacity, but investors should assess whether the planned capital expenditure can translate into sustainable revenue and profit growth.
The company also faces material risks. The top 10 customers contributed approximately 58.67% of revenue from operations in FY2026, while payment cards contributed approximately 57.25% of revenue from operations. Such concentration means that adverse developments affecting major customers or the payment-card segment could have a significant impact on the company’s financial performance.
The company also has exposure to supplier concentration and imports. The top 10 suppliers accounted for approximately 56.05% of total purchases in FY2026, while imports represented approximately 49.56% of total purchases. Cybersecurity and data-security risks are also relevant because of the nature of the company’s payment and identity-related operations.
Overall, Manipal Payment & Identity Solutions has a strong market position in payment-card manufacturing, a diversified product portfolio, established customer relationships and a significantly improved reported debt position. However, investors should carefully evaluate customer concentration, segment concentration, import dependence, cybersecurity risks, contingent liabilities, profitability trends and IPO valuation before making an investment decision.
Manipal Payment & Identity Solutions IPO Strengths
• Strong presence in India’s payment-card manufacturing and personalisation market.
• Estimated 36.4% market share in India’s credit-card issuance market and 30.9% share in the debit-card issuance market during FY2026.
• Diversified product portfolio covering payment cards, identification products, secure solutions, smart tagging and IoT.
• More than 300 customers globally across banks, fintech companies, NBFCs and government organisations.
• More than 211 customers had relationships with the company for over five years as of March 31, 2026.
• Established manufacturing and processing infrastructure with 10 facilities across India.
• Card production capacity of approximately 118.97 million cards in Fiscal 2026.
• Strong EBITDA margin of approximately 33.60% in FY2026.
• Significant reduction in reported borrowings by March 31, 2026.
• Backed by the Manipal Group, which has a long operating history in India.
Manipal Payment & Identity Solutions IPO Risk Factors
• The top 10 customers contributed approximately 58.67% of revenue from operations in FY2026, creating customer-concentration risk.
• Payment cards contributed approximately 57.25% of revenue from operations in FY2026, creating dependence on the card business.
• The company is exposed to cybersecurity and data-security risks because of the sensitive nature of payment and identification information handled in its operations.
• The top 10 suppliers accounted for approximately 56.05% of total purchases in FY2026.
• Imports represented approximately 49.56% of total purchases in FY2026, exposing the company to international supply-chain and currency-related risks.
• The company operates in a technology-driven industry where changes in technology and customer requirements can affect demand.
• Capital expenditure plans require successful implementation and adequate utilisation of new equipment.
• The company’s FY2026 PAT declined compared with FY2025, partly due to the high base created by exceptional gains in FY2025.
• The company has disclosed contingent liabilities of approximately ₹142.21 crore as of March 31, 2026, including matters relating to central excise and customs duties.
• Loss of major customers, changes in banking requirements or adverse developments in the payment-card industry could materially affect business performance.
Investors should read the complete Risk Factors section of the applicable RHP/Prospectus before investing.
Manipal Payment & Identity Solutions IPO Promoters
The promoters of Manipal Payment & Identity Solutions Limited include Tonse Gautham Pai, T. Satish U. Pai, Sandhya S. Pai, Manipal Technologies Limited, Manipal Media Network Limited, Tridevitha Consultancy Services Private Limited and Tridevita Family Trust – 2017.
Manipal Technologies Limited is the promoter selling shareholder for the Offer for Sale portion of the IPO. The latest issue provides for an OFS of up to 1,43,06,785 equity shares by Manipal Technologies Limited.
Manipal Payment & Identity Solutions IPO Promoters Details
| Promoter | Status |
|---|---|
| Tonse Gautham Pai | Promoter |
| T. Satish U. Pai | Promoter |
| Sandhya S. Pai | Promoter |
| Manipal Technologies Limited | Promoter and Selling Shareholder |
| Manipal Media Network Limited | Promoter Entity |
| Tridevitha Consultancy Services Private Limited | Promoter Entity |
| Tridevita Family Trust – 2017 | Promoter Entity |
The promoter group is associated with the Manipal Group, which has businesses spanning multiple sectors and a long operating history in India.
Manipal Payment & Identity Solutions IPO Management Team
The company is managed by a team with experience in payment solutions, manufacturing, technology, finance and corporate administration.
| Name | Designation |
|---|---|
| Tonse Gautham Pai | Chairman |
| T. Satish U. Pai | Director |
| Sandhya S. Pai | Director |
| Dattatri Manjunatha Hardur | Company Secretary and Compliance Officer |
The company’s management and board structure is based on the offer-document disclosures and current company information available for the IPO.
Manipal Payment & Identity Solutions IPO Registrar Details
The registrar to the Manipal Payment & Identity Solutions IPO is MUFG Intime India Private Limited.
| Particular | Details |
|---|---|
| Registrar Name | MUFG Intime India Private Limited |
| Website | https://in.mpms.mufg.com |
| IPO Allotment Status | MUFG Intime India IPO allotment portal |
| Email ID | To be verified from final issue communication |
| Contact Number | +91 22 4918 6270 |
MUFG Intime India Private Limited is identified as the registrar to the issue and is responsible for processing IPO applications, allotment-related activities, refunds and investor services.
Manipal Payment & Identity Solutions IPO Lead Manager Details
The Book Running Lead Managers for the Manipal Payment & Identity Solutions IPO are:
| Particular | Details |
|---|---|
| Lead Managers | Motilal Oswal Investment Advisors Limited, Axis Capital Limited, ICICI Securities Limited, IIFL Capital Services Limited and Nuvama Wealth Management Limited |
The latest IPO disclosures identify Motilal Oswal Investment Advisors, Axis Capital, ICICI Securities, IIFL Capital Services and Nuvama Wealth Management as the merchant bankers/lead managers to the issue.
Manipal Payment & Identity Solutions Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Manipal Payment & Identity Solutions Limited |
| Registered Office | Udayavani Building, Press Corner, Manipal, Karnataka – 576104, India |
| Website | https://mpimanipal.com/ |
| Email ID | To be verified from final issue communication |
| Telephone | +91 820 220 5000 |
The company’s registered office is located in Manipal, Karnataka. Current IPO information identifies the company’s website as mpimanipal.com.
How to Check Manipal Payment & Identity Solutions IPO Allotment Status
Investors can check the Manipal Payment & Identity Solutions IPO allotment status after the basis of allotment is finalised through the registrar’s website or the relevant stock-exchange facility.
Through MUFG Intime India Private Limited
- Visit the official MUFG Intime IPO allotment portal.
- Select Manipal Payment & Identity Solutions IPO from the available IPO list.
- Choose PAN Number, Application Number or DP/Client ID, as applicable.
- Enter the required details.
- Complete the verification process, if required.
- Submit the information to view the allotment status.
Through BSE
- Visit the BSE IPO allotment facility.
- Select Manipal Payment & Identity Solutions IPO from the list of available issues.
- Enter your PAN Number or Application Number.
- Complete the verification process, if required.
- Submit the details to view the allotment result.
The basis of allotment is currently scheduled for September 15, 2026, followed by refund initiation and share credit on September 16, with listing scheduled for September 17, 2026.
Manipal Payment & Identity Solutions IPO Conclusion
Manipal Payment & Identity Solutions IPO provides investors with an opportunity to participate in the public offering of a technology-driven payment, identity and secure-solutions company backed by the Manipal Group.
The company has a strong presence in payment-card manufacturing and personalisation and has expanded its operations into identification, secure solutions, smart tagging, IoT, cheque solutions and other technology-enabled products. Its estimated market shares of approximately 36.4% in credit-card issuance and 30.9% in debit-card issuance highlight its established position in India’s payment-card market.
The company’s financial performance shows growth in total income and EBITDA over FY2024–FY2026. FY2026 total income stood at ₹1,356.59 crore and PAT at ₹253.46 crore. The company also reported a substantial improvement in its net worth and a sharp reduction in reported borrowings.
The fresh issue proceeds will primarily support capital expenditure on equipment, with ₹238.43 crore proposed for purchasing and installing new and second-hand equipment. This investment is intended to strengthen manufacturing and processing capabilities and support future business requirements.
However, investors should also consider the company’s customer concentration, dependence on payment-card revenue, supplier concentration, import exposure, cybersecurity risks, contingent liabilities and the valuation implied by the ₹322–₹339 price band.
A detailed assessment of the company’s financial performance, market position, product diversification, IPO valuation, capital expenditure plans and disclosed risk factors can help investors determine whether the Manipal Payment & Identity Solutions IPO is suitable for their investment objectives.
Manipal Payment & Identity Solutions IPO FAQs
What is Manipal Payment & Identity Solutions IPO?
Manipal Payment & Identity Solutions IPO is the Mainboard Book Built public issue of Manipal Payment & Identity Solutions Limited. The IPO comprises a fresh issue of up to ₹320 crore and an Offer for Sale of up to 1,43,06,785 equity shares by Manipal Technologies Limited.
What is the price band of Manipal Payment & Identity Solutions IPO?
The price band of Manipal Payment & Identity Solutions IPO is ₹322 to ₹339 per equity share.
What is the issue size of Manipal Payment & Identity Solutions IPO?
The total issue size is approximately ₹805 crore, comprising a fresh issue of ₹320 crore and an Offer for Sale of 1,43,06,785 equity shares, amounting to approximately ₹485 crore at the upper price band.
When will the Manipal Payment & Identity Solutions IPO open?
The IPO is scheduled to open for subscription on September 9, 2026.
When will the Manipal Payment & Identity Solutions IPO close?
The IPO is scheduled to close on September 11, 2026.
On which stock exchanges will Manipal Payment & Identity Solutions shares be listed?
The equity shares are proposed to be listed on both BSE and NSE. The proposed listing date is September 17, 2026.
Who is the registrar for the Manipal Payment & Identity Solutions IPO?
MUFG Intime India Private Limited is the registrar to the Manipal Payment & Identity Solutions IPO.
What is the face value of Manipal Payment & Identity Solutions IPO shares?
The face value of each equity share is ₹2.
What does Manipal Payment & Identity Solutions Limited do?
Manipal Payment & Identity Solutions Limited provides payment, identification, secure solutions, smart tagging and IoT solutions to banks, fintech companies, NBFCs, governments and other customers in India and international markets.
What are the objects of the Manipal Payment & Identity Solutions IPO?
The company proposes to use ₹238.43 crore of the fresh issue proceeds for capital expenditure on equipment. The balance of the fresh issue proceeds is proposed to be used for general corporate purposes.
