Investments
Manipal Payment & Identity Solutions (Manipal Cards) IPO logo

Manipal Payment & Identity Solutions (Manipal Cards) IPO 2026

Listed
BSE, NSE Bookbuilding IPO
Issue Size

₹805.00 Cr

Price Band

₹322 – ₹339

Lot Size

44

shares per lot

Min Investment

₹14,916

Est. Profit / Lot

+₹264

44 shares

Listing Date

Sep 17

2026

GMP Trend

Unofficial / Indicative

Grey Market Premium is unofficial, unregulated, and does not represent a guaranteed listing price.

Latest GMP

+₹6

GMP %

+1.8%

Indicative Listing

₹345

Est. Profit/Lot

+₹264

IPO Details

Issue Information

Issue Type Bookbuilding IPO
Listing At BSE, NSE

Issue Size & Shares

Issue Size ₹805.00 Cr
Fresh Issue 9,439,528 shares
Offer for Sale 14,306,785 shares
Total Shares 23,746,313
Face Value ₹2

Price & Investment

Price Band ₹322 – ₹339
Lot Size 44 shares
Min Investment ₹14,916
Max Investment ₹193,908
Per Lot Cost ₹14,168 – ₹14,916
Promoter Holding 62.10% → 53.92%

Important Dates

Open Date Sep 09, 2026
Close Date Sep 11, 2026
Anchor Date Sep 08, 2026
Allotment Date Sep 15, 2026
Refund Date Sep 16, 2026
Demat Credit Sep 16, 2026
Listing Date Sep 17, 2026

Listing Performance

Issue Price ₹339

IPO Timeline

Anchor Investor Bidding

Sep 08, 2026 ✓ Completed

IPO Opens

Sep 09, 2026 ✓ Completed

IPO Closes

Sep 11, 2026 ✓ Completed

Basis of Allotment

Sep 15, 2026 ✓ Completed

Refund Initiation

Sep 16, 2026 ✓ Completed

Demat Credit

Sep 16, 2026 ✓ Completed

Listing on Exchange

Sep 17, 2026 ✓ Completed

Registrar & Allotment Status

Registrar details, lead managers, and allotment status.

Registrar

MUFG Intime India Pvt.Ltd.

Lead Managers

  • Motilal Oswal Investment Advisors Ltd.
  • Axis Capital Ltd.
  • ICICI Securities Ltd.
  • IIFL Capital Services Ltd.
  • Nuvama Wealth Management Ltd.

Allotment Finalized

Check your allotment status on the platforms below.

Finalized

Sep 15, 2026

Lot Size & Investment

Minimum Lot

44 shares

Minimum Investment

₹14,916

Max Investment (Retail)

₹193,908

ApplicationLotsSharesAmount
Retail (Min) 1 44 ₹14,916
Retail (Max) 13 572 ₹193,908
S-HNI (Min) 14 616 ₹208,824
S-HNI (Max) 67 2,948 ₹999,372
B-HNI (Min) 68 2,992 ₹1,014,288

Financial Highlights

Period Revenue (₹ Cr) PAT (₹ Cr) EBITDA (₹ Cr) Assets (₹ Cr) Net Worth (₹ Cr) Debt (₹ Cr)
31 mar 2026 1,357 253 456 1,161 1,107 0
31 mar 2025 1,277 282 409 1,410 620 0
31 mar 2024 1,268 249 356 1,103 405 0

Key Performance Indicators (31 mar 2026)

ROE

29.4%

ROCE

32.7%

ROA

21.8%

PAT Margin

18.7%

EBITDA Margin

33.6%

Debt/Equity

0.00

EPS (₹)

11.40

P/E Ratio

29.7

About Manipal Payment & Identity Solutions (Manipal Cards)

Manipal Payment & Identity Solutions IPO is a book build issue of ₹805.00 crores. The issue is a combination of fresh issue of 94.40 lakh shares aggregating to ₹320.00 crores and offer for sale of 1.43 crore shares aggregating to ₹485.00 crores.

Promoters

Tonse Gautham Pai, T.Satish U.Pai, Sandhya S.Pai, Manipal Technologies Ltd

Objectives of the Issue

Use of IPO proceeds as disclosed in the offer document.

  • Capital Expenditure on Equipment
  • General Corporate Purposes
  • Issue Expenses

Promoter Holding

Pre-IPO Holding

62.10%

Post-IPO Holding

53.92%

Promoter dilution: 8.18%

Reservation & Allotment

Category-wise reservation of shares for this IPO.

CategoryReservation %Shares
QIB75.00%17,809,736
Anchor45.00%10,685,841
NII / HNI15.00%3,561,946
Retail10.00%2,374,631

Manipal Payment & Identity Solutions (Manipal Cards) IPO FAQs

What is Manipal Payment & Identity Solutions (Manipal Cards) IPO?

Manipal Payment & Identity Solutions IPO is a book build issue of ₹805.00 crores. The issue is a combination of fresh issue of 94.40 lakh shares aggregating to ₹320.00 crores and offer for sale of 1.43 crore shares aggregating to ₹485.00...

What is the Manipal Payment & Identity Solutions (Manipal Cards) IPO price band?

The Manipal Payment & Identity Solutions (Manipal Cards) IPO price band is ₹322 – ₹339 per share.

When does Manipal Payment & Identity Solutions (Manipal Cards) IPO open and close?

The Manipal Payment & Identity Solutions (Manipal Cards) IPO opens on Sep 09, 2026 and closes on Sep 11, 2026.

What is the lot size and minimum investment for Manipal Payment & Identity Solutions (Manipal Cards) IPO?

The Manipal Payment & Identity Solutions (Manipal Cards) IPO lot size is 44 shares and the minimum investment is ₹14,916.

What is the Manipal Payment & Identity Solutions (Manipal Cards) IPO GMP today?

The latest Manipal Payment & Identity Solutions (Manipal Cards) IPO grey market premium (GMP) is ₹6 per share, which is unofficial and may change.

When is the Manipal Payment & Identity Solutions (Manipal Cards) IPO allotment date?

The expected allotment date for Manipal Payment & Identity Solutions (Manipal Cards) IPO is Sep 15, 2026.

When will Manipal Payment & Identity Solutions (Manipal Cards) IPO list?

The Manipal Payment & Identity Solutions (Manipal Cards) IPO is expected to list on Sep 17, 2026 on BSE, NSE.

Who is the registrar of Manipal Payment & Identity Solutions (Manipal Cards) IPO?

The registrar for Manipal Payment & Identity Solutions (Manipal Cards) IPO is MUFG Intime India Pvt.Ltd..

Key Dates

AnchorSep 08, 2026
OpenSep 09, 2026
CloseSep 11, 2026
AllotmentSep 15, 2026
RefundSep 16, 2026
Demat CreditSep 16, 2026
ListingSep 17, 2026

Disclaimer: All information on this page is for news, educational, and research purposes only. Grey Market Premium (GMP) is unofficial, unregulated, and indicative — it does not represent a guaranteed listing price. We do not provide investment advice. Always consult a SEBI-registered investment advisor before making investment decisions.