
Technology & Financial Services · NSE / BSE
Manipal Payment and Identity Solutions Ltd (MPISL) is India’s largest banking and smart card manufacturer, offering end-to-end card services that cover design, production, personalization, and secure delivery for clients including banks and government agencies. The company has expanded its operations globally across the United Kingdom, Europe, Asia-Pacific, and the Middle East and Africa regions, supported by a strong infrastructure of 10 modern manufacturing facilities and 19 units spread across 11 cities, enabling it to serve large-scale domestic and international requirements efficiently.
Price Band
₹322 – ₹339
Issue Size
₹2374.63 L Cr
Lot Size
44 shares
GMP
-1.8%
Est. Listing
₹333
at current GMP
Subscribed
1.42x
overall
Open
9 Sep 2026
Close
11 Sep 2026
Allotment
15 Sep 2026
Refund
16 Sep 2026
Demat Credit
17 Sep 2026
Listing
17 Sep 2026
Designated Registrar: Link Intime India Private Limited
Allotment Date
15 Sep 2026
Basis finalization
Refunds Initiate
16 Sep 2026
Mandate release
Demat Credit
17 Sep 2026
Shares in demat
Listing Debut
17 Sep 2026
Trading begins
Manipal Payment & Identity Solutions Limited is bringing an initial public offering (IPO) in the Technology & Financial Services sector with an aggregate issue size of ₹2,37,46,313 Crores. The shares are offered at a price band of ₹322 to ₹339 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 44 shares (approx. ₹14,916 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-09-17, while un-allotted funds or UPI block mandates will be released on 2026-09-16.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.