Manipal Payment & Identity Solutions Limited
ListedMainboardTechnology & 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
₹6
-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
Last updated 11 days ago
Overall Subscription
1.42x
Total Demand
QIB Multiplier
1.26x
Institutions & Funds
NII / HNI
1.22x
High Net-Worth
Retail (RII)
2.19x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 7,123,894 | 8,964,164 | 1.26x |
| NIB | 3,561,947 | 4,346,144 | 1.22x |
| HNIs(10L +) | 2,374,631 | 2,940,828 | 1.24x |
| HNIs (2-10L) | 1,187,316 | 1,405,316 | 1.18x |
| RETAIL | 2,374,631 | 5,202,208 | 2.19x |
| Total | 16,622,419 | 22,858,660 | 1.42x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 53,969 | 96,462 | 1.79x |
| HNIs(10L +) | 3,855 | 883 | 0.23x |
| HNIs (2-10L) | 1,927 | 2,060 | 1.07x |
| Total Applications | 59,751 | 99,405 | 1.66x |
Day-Wise Subscription Progress
About Manipal Payment & Identity Solutions Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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 Schedule:
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.
Frequently Asked Questions
What is the issue size and price band for Manipal Payment & Identity Solutions Limited IPO?
The Manipal Payment & Identity Solutions Limited IPO aggregate issue size is ₹2,37,46,313 Crores with an equity price band set at ₹322 to ₹339 per equity share. The retail lot size is 44 shares requiring a minimum capital outlay of approx. ₹14,916.
How can I check Manipal Payment & Identity Solutions Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Manipal Payment & Identity Solutions Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2026-09-15.