Archive · 4 Sep 2026
Manipal Payment Sets ₹805-Crore IPO Price Band, Dates
Manipal Payment and Identity Solutions plans to sell shares to the public through an IPO.
An IPO is a way for a company to raise money by selling shares.
Each share will cost between ₹322 and ₹339.
People can apply from September 9 to September 11, while large institutional investors can bid on September 8.
The IPO is expected to raise ₹805 crore in total.
The company will receive ₹320 crore from newly issued shares, while Manipal Technologies will sell some existing shares.
Much of the company’s new money will buy and install equipment at several facilities.
Its products include payment cards, identity products and other secure technology solutions.
The shares are expected to begin trading on September 17.
Manipal Payment and Identity Solutions has set its IPO price band at ₹322–339 per share.
The ₹805-crore IPO will open on September 9 and close on September 11, with anchor bidding beginning September 8.
The issue comprises a ₹320-crore fresh issue and an offer for sale of up to 1.43 crore shares by Manipal Technologies.
The company plans to spend ₹238.4 crore of fresh-issue proceeds on new and second-hand equipment.
Shares are scheduled to list on the BSE and NSE on September 17, with an estimated post-issue valuation of ₹7,858 crore at the upper price band.
- Who
- Manipal Payment and Identity Solutions is issuing shares, while promoter Manipal Technologies is selling existing shares.
- What
- An ₹805-crore initial public offering priced at ₹322–339 per share.
- When
- Anchor bidding begins September 8; public subscription runs September 9–11; allotment is expected by September 15 and listing is scheduled for September 17.
- Where
- The company plans equipment investment at facilities in Manipal, Chennai, Navi Mumbai and the Chhattisgarh Regional Transport Office; shares are scheduled to list on the BSE and NSE.
- Why
- The company plans to use ₹238.4 crore of net fresh-issue proceeds to purchase and install new and second-hand equipment, with the balance for general corporate purposes.
- IPO size
- ₹805 crore
- Price band
- ₹322–339 per equity share
- Issue structure
- ₹320-crore fresh issue plus an offer for sale of up to 1.43 crore shares
- Offer-for-sale seller
- Promoter Manipal Technologies
- Equipment allocation
- ₹238.4 crore of net fresh-issue proceeds
- Minimum retail application
- 44 shares, requiring ₹14,916 at the upper price-band price
- Estimated valuation
- Around ₹7,858 crore at the upper price-band limit
- Regulatory-approval timing
- The reports differ: one says approval came in September 2025, while the other says December 2025.
