Manipal Payment & Identity Solutions (Manipal Cards)
· Mainboard · NSE, BSE
Price Band
₹322–339
Lot Size
44 shares
Issue Size
₹805 Cr
Min. Investment
₹14,916
Grey Market Premium
Last unofficial quote before listing
Cap price plus current GMP: ₹333 — arithmetic, not a forecast
Subscription Status
Manipal Payment & Identity Solutions (Manipal Cards)IPO: Overview & Key Facts
Manipal Payment & Identity Solutions (Manipal Cards) IPO is a Mainboard issue that listed on NSE, BSE on 17 September 2026. The price band is ₹322–₹339 per equity share, with a market lot of 44 shares. The total issue size is ₹805 Cr. At the upper price band, the minimum application for an individual investor is 1 lot (44 shares), amounting to ₹14,916.
Manipal Payment & Identity Solutions (Manipal Cards) IPO GMP & Listing
The last grey market discount (GMP) reported for Manipal Payment & Identity Solutions (Manipal Cards) IPO before listing was ₹6, about 1.77% under the upper price band of ₹339, and informal quotes had eased over the sessions we recorded. The shares opened at ₹330 on listing day, 2.7% below the issue price of ₹339. GMP is an unofficial, unregulated indicator quoted by off-market dealers; it moves with supply and demand and is not a guaranteed listing price. For how often it has been right, read our research on IPO GMP accuracy.
Manipal Payment & Identity Solutions (Manipal Cards)IPO Subscription Status & Demand Analysis
On the latest figures we have, Manipal Payment & Identity Solutions (Manipal Cards) IPO was subscribed 1.41x overall — with QIB at 1.26x, NII at 1.22x, bNII at 1.24x, sNII at 1.18x, Retail at 2.18x, from about 99,551 applications. Where the individual-investor category is oversubscribed, allotment in it is decided by a computerised lottery: as many applicants as possible receive the minimum application, chosen at random.
Manipal Payment & Identity Solutions (Manipal Cards) IPO Allotment & Listing
The registrar for this issue is MUFG Intime India Pvt. Ltd. (formerly Link Intime); the basis of allotment was finalised on 15 September 2026 and the shares listed on 17 September 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹339
Listed At
₹330
Current Price
₹330.4
Issue Objectives
- Capital Expenditure on Equipment
- General Corporate Purposes
- Issue Expenses
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 1,78,09,736 | 75% |
| − Anchor Investor | 1,06,85,841 | 45% |
| − QIB (Ex. Anchor) | 71,23,895 | 30% |
| NII (HNI) | 35,61,946 | 15% |
| − bNII > ₹10L | 23,74,631 | 10% |
| − sNII < ₹10L | 11,87,315 | 5% |
| Retail | 23,74,631 | 10% |
- QIB39.5%
- − Anchor Investor23.7%
- − QIB (Ex. Anchor)15.8%
- NII (HNI)7.9%
- − bNII > ₹10L5.3%
- − sNII < ₹10L2.6%
- Retail5.3%
Market 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 | 2948 | ₹9,99,372 |
| B-HNI (Min) | 68 | 2992 | ₹10,14,288 |
Financials (₹ Cr)
Valuations
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
Market Cap
₹7,538.17 Cr.
Contact Details
Manipal Payment & Identity Solutions Ltd. Address
- 5761040820 220 5
- info@mpimanipal.com
- https://mpimanipal.com/
Registrar Contact Details
MUFG Intime India Pvt. Ltd. (formerly Link Intime)
- +91 22 4918 6270
- ipo.helpdesk@linkintime.co.in
- https://linkintime.co.in
- C-101, 247 Park, LBS Marg, Vikhroli West, Mumbai – 400083
Frequently Asked Questions
Key Dates
- Open Date
- 09 Sept 2026
- Close Date
- 11 Sept 2026
- Basis of Allotment
- 15 Sept 2026
- Listing Date
- 17 Sept 2026
Issue Details
- Registrar
- MUFG Intime India
- Exchange
- NSE, BSE