· Mainboard · NSE
Price Band
₹322–339
Lot Size
44 shares
Issue Size
₹805 Cr
Min. Investment
₹14,916
Indicative, updates through the day
Cap price plus current GMP: ₹368 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Manipal Payment & Identity Solutions (Manipal Cards) IPO is a Mainboard issue scheduled to open for subscription on 9 September 2026, listing on NSE. The issue price band is fixed at ₹322–₹339 per equity share with a minimum market lot size of 44 shares, bringing the total issue size to ₹805 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹14,916.
The latest unlisted Grey Market Premium (GMP) for Manipal Payment & Identity Solutions (Manipal Cards) IPO is quoted at ₹29, representing a premium of approximately over the upper price band of ₹339. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near , and informal quotes have held steady over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read , or compare with .
The minimum investment for retail investors is one lot of 44 shares (approx. ₹14,916 at the cut-off price), while the maximum retail bid is capped at 13 lots (under ₹2,00,000). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is MUFG Intime India Pvt. Ltd. (formerly Link Intime), with the basis of allotment scheduled for finalization on 15 September 2026 and listing expected on 17 September 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
| 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 |
EPS (Pre IPO)
11.40
EPS (Post IPO)
10.93
ROE
22.93%
P/E (Pre IPO)
29.74
P/E (Post IPO)
31.02
Price / Book
6.94
Market Cap
₹7,538Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Aye Finance Ltd. | 14.11 | ₹1,010.00 Cr | |
| Tata Capital Ltd. | 35.99 | ₹15,511.87 Cr |
Manipal Payment & Identity Solutions Ltd. Address
MUFG Intime India Pvt. Ltd. (formerly Link Intime)