Subscription status
- Qualified institutional buyers (QIB)1.26x
- Non-institutional investors (NII)1.22x
- NII: bids above ₹10 lakh (big NII)1.24x
- NII: bids of ₹2–10 lakh (small NII)1.18x
- Retail investors2.19x
- Total1.42x
1x means bids equal the shares on offer. Source: NSE, bids on NSE and BSE together, as on 11-Sep-2026 19:00:00.
Shares offered and bid for, by category
| Category | Shares offered | Shares bid for |
|---|---|---|
| Qualified institutional buyers (QIB) | 71,23,895 | 89,64,164 |
| Foreign institutions (FII) | – | 18,84,960 |
| Banks, financial institutions and insurers | – | 0 |
| Mutual funds | – | 60,17,528 |
| Other institutions | – | 10,61,676 |
| Non-institutional investors (NII) | 35,61,946 | 43,46,144 |
| NII: bids above ₹10 lakh (big NII) | 23,74,631 | 29,40,828 |
| Corporates | – | 10,86,976 |
| Individuals(Other than RIIs) | – | 17,81,120 |
| Others | – | 72,732 |
| NII: bids of ₹2–10 lakh (small NII) | 11,87,315 | 14,05,316 |
| Corporates | – | 16,940 |
| Individuals(Other than RIIs) | – | 13,48,512 |
| Others | – | 39,864 |
| Retail investors | 23,74,631 | 52,02,296 |
| Cut Off | – | 45,74,812 |
| Price bids | – | 6,27,484 |
| Total | 1,30,60,472 | 1,85,12,604 |
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 44 | ₹14,916 |
| Retail (maximum) | 13 | 572 | ₹1,93,908 |
| Small NII / sHNI (minimum) | 14 | 616 | ₹2,08,824 |
| Small NII / sHNI (maximum) | 67 | 2,948 | ₹9,99,372 |
| Big NII / bHNI (minimum) | 68 | 2,992 | ₹10,14,288 |
Amounts at the top of the price band (₹339 a share).
IPO details
| Company | Manipal Payment and Identity Solutions Limited |
|---|---|
| Board | Mainboard (NSE and BSE) |
| Issue period | Wed, 9 Sep 2026 to Fri, 11 Sep 2026 |
| Price band | ₹322 – ₹339 |
| Face value | ₹2 per share |
| Lot size | 44 shares |
| Cut-off time for UPI Mandate Confirmation | 11-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. |
| Issue Size | Initial Public Offer comprising of fresh issue aggregating up to 3200 million and offer for sale up to 14,306,785 Equity shares (including Anchor portion of 1,06,85,841 Equity Shares) |
| Issue Type | Book Building |
| Discount | NA |
| Tick Size | Re. 1 |
| Maximum Bid Quantity for QIB Investors | 1,30,60,432 Equity Shares in multiple of 44 Equity Shares (Calculated at higher end price band) |
| Maximum Bid Quantity for NIB Investors | 59,36,568 Equity Shares in multiple of 44 Equity Shares (Calculated at higher end price band) |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Sponsor Bank | Axis Bank Limited and ICICI Bank Limited |
| Contact person name number and Email id | Shanti Gopalkrishnan, +91 8108114949, manipalpayment.ipo@in.mpms.mufg.com |
| Registrar | MUFG Intime India Private Limited |
| Lead managers | Motilal Oswal Investment Advisors Limited, Axis Capital Limited, ICICI Securities Limited, IIFL Capital Services Limited and Nuvama Wealth Management Limited |
Issue size as stated by NSE. Details and figures: NSE.
Check allotment status
From the allotment date (Tue, 15 Sep 2026), check whether you got shares with your PAN or application number:
If you are not allotted shares, the blocked amount is released in your bank account by Wed, 16 Sep 2026.
Offer documents
The red herring prospectus (RHP) has the company's business, financials, risks and use of the money raised.
- Ratios / Basis of Issue Price (NSE, zip)
- Red Herring Prospectus (NSE, zip)
- Anchor Allocation Report (NSE, zip)
Frequently asked questions
When does the Manipal Payment and Identity Solutions IPO open and close?
It opens on Wed, 9 Sep 2026 and closes on Fri, 11 Sep 2026.
What is the price band of the Manipal Payment and Identity Solutions IPO?
₹322 – ₹339 per share, with a face value of ₹2.
What is the lot size and minimum investment?
One lot is 44 shares. The minimum application is one lot, which costs ₹14,916 at the top of the price band.
When is the allotment and listing date?
Allotment is expected on Tue, 15 Sep 2026 and the shares listed on Thu, 17 Sep 2026, following SEBI's T+3 timetable.
What is the Manipal Payment and Identity Solutions IPO GMP today?
No grey market premium has been reported for this IPO yet. GMP is an unofficial figure quoted outside any exchange.
How do I check the Manipal Payment and Identity Solutions IPO allotment status?
On the registrar's website (MUFG Intime India Private Limited) or the NSE and BSE allotment pages, using your PAN or application number, from the allotment date.
This page is information, not advice to apply or not. SmartFigure is not a SEBI-registered adviser. Read the RHP before you invest; IPOs can list below their issue price.