Manipal Payment IPO 2026: Price Band, Subscription Date & Details
Manipal Payment IPO price band fixed at Rs 322-339; issue opens on Sep 9, 2026. Learn about the subscription date, usage of proceeds, and more.
LazyFounders
30 SEC SUMMARY
Manipal Payment and Identity Solutions Ltd has announced its IPO price band of Rs 322-339 per share, opening for public subscription on September 9, 2026. The issue comprises a fresh issue of Rs 320 crore and an OFS of Rs 485 crore by promoters. The total issue size is Rs 805 crore, with a post-issue market capitalization of Rs 7,858 crore.
TABLE OF CONTENTS
KEY HIGHLIGHTS
- IPO price band fixed at Rs 322-339
- Subscription opens on September 9, 2026
- Total issue size: Rs 805 crore
- Post-issue market capitalization: Rs 7,858 crore
- Anchor bidding opens on September 8, 2026
INTRODUCTION
Manipal Payment and Identity Solutions Ltd has set the price band for its Rs 805-crore Initial Public Offering (IPO) at Rs 322-339 per equity share. The IPO will open for public subscription on September 9, 2026. This move marks a significant step for the company as it seeks to raise capital to fuel its growth and expansion plans.
IPO DETAILS
The IPO consists of a fresh issue of equity shares amounting to Rs 320 crore and an Offer for Sale (OFS) of up to 1.43 crore equity shares by promoter Manipal Technologies worth Rs 485 crore. At the upper end of the price band, the total issue size stands at around Rs 805 crore, while the post-issue implied market capitalization will be around Rs 7,858 crore.
USAGE OF PROCEEDS
Manipal Payment plans to use the proceeds from the fresh issue to purchase and install new and second-hand equipment across its facilities in Manipal, Chennai, Navi Mumbai, and Chhattisgarh RTO. This strategic investment aims to enhance the company's operational capabilities and drive its growth in the payment and identification solutions sector.
COMPANY OVERVIEW
Manipal Payment provides payment, identification, secure solutions, and smart tagging and Internet of Things (IoT) solutions to banks, fintechs, non-banking finance companies, and governments across domestic and international markets. The company's payment solutions include payment cards, cheque solutions, near-field communication (NFC) and quick-response (QR) codes, payment-enabled wearables, and digital automation solutions.
BOOK-RUNNING LEAD MANAGERS
The book-running lead managers to the issue are Axis Capital, Motilal Oswal Investment Advisors, ICICI Securities, IIFL Capital Services, and Nuvama Wealth Management. These financial institutions will play a crucial role in managing the IPO process and ensuring a smooth subscription experience for investors.
FAQs
What is the price band for Manipal Payment IPO?
The IPO price band is fixed at Rs 322-339 per equity share.
When does the Manipal Payment IPO open for public subscription?
The IPO opens for public subscription on September 9, 2026.
What is the total issue size of the IPO?
The total issue size is Rs 805 crore.
CONCLUSION
Manipal Payment and Identity Solutions Ltd's IPO is set to open on September 9, 2026, with a price band of Rs 322-339 per share. The funds raised will be used to enhance the company's operational capabilities and drive its growth in the payment and identification solutions sector. Investors are advised to stay updated with the latest developments and consider their investment options carefully.
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Sources
This story is an original summary and analysis written by LazyFounders from the reporting listed above. Facts are attributed to their original publishers; sections marked as analysis are LazyFounders's opinion. Where a source is in another language, facts were machine-translated and quotations are reported, not reproduced. Read the original coverage via the links.
