Manipal Payment & Identity Solutions Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹22(6.49%)
Premium (ELP)
Investment applications are actively being accepted for Manipal Payment & Identity Solutions Limited's's ongoing Initial Public Offering, which seeks to raise 2,37,46,313 Shares from market participants. The offering structure includes 94,39,528 Shares in primary capital and ₹485.00 Cr in secondary share sales.
The currently active price band of ₹322 to ₹339 and minimum lot size of 44 shares provide investment flexibility across different investor categories. Market response to the live offering indicates healthy subscription levels.
Prospective investors must submit their applications before the closing deadline on Sep 11, 2026. The subsequent allotment announcement on Sep 15, 2026 will precede the stock's listing on Sep 17, 2026 at the NSE, BSE trading platform.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Leading Payment Card Manufacturer: The company is one of India’s leading payment card manufacturers and also has a strong position globally. It handles the complete card manufacturing and delivery process.
- Long-Standing Customer Relationships: MPISL has built strong relationships with well-known customers across the banking, fintech and government sectors, supporting its position in the payment card industry.
- Wide & Innovative Product Portfolio: The company offers a wide range of card solutions, covering design, manufacturing, personalisation and delivery to meet different customer requirements.
- Customer Concentration Risk: The company depends significantly on its top 10 customers for revenue. Losing key customers or receiving fewer orders from them could negatively affect revenue and financial performance.
- Supplier Concentration & Supply Risk: A large portion of raw material purchases comes from the top 10 suppliers. Any supply delays, failure to meet requirements or increase in supplier prices could affect business operations and costs.
- Dependence on Card Manufacturing: A significant share of the company’s revenue comes from manufacturing and selling payment cards. Any negative changes in this business segment could impact revenue, profitability and cash flow.
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