Manipal Payment and Identity Solutions IPO IPO

Mainline9 Sep 2026 – 11 Sep 2026

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Open

9 Sep 2026

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11 Sep 2026

Allotment

—

Listing

Thu, Sep 17, 2026T

Price Band

₹322 to ₹339

Issue Size

2,37,46,313 shares (agg. up to ₹805 Cr)

Lot Size

44 Shares

Listing Date

Thu, Sep 17, 2026T

Latest GMP

₹-2

Est. Gain

-0.59%

✦ AI Insight

GMP Trend

14-09-2026₹-2Est. ₹337-0.59%

13-09-2026₹-2Est. ₹337-0.59%

12-09-2026₹1Est. ₹340+0.29%

11-09-2026₹1Est. ₹340+0.29%

10-09-2026₹4Est. ₹343+1.18%

09-09-2026₹8Est. ₹347+2.36%

08-09-2026₹37Est. ₹376+10.91%

Live Subscription

Category	Subscription (times)
QIB	1.26x
NII	1.22x
Retail	2.19x
Total	1.42x

Restated Financials (₹ Cr.)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	1,160.90	1,409.67	1,102.71
Total Income	1,356.59	1,277.11	1,267.97
Profit After Tax	253.46	282.21	249.17
EBITDA	455.83	408.77	355.57
NET Worth	1,107.34	619.70	405.05
Reserves and Surplus	747.43	262.89	48.25
Total Borrowing	0.42	472.87	449.47
Amount in ₹ Crore

Peer Comparison

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
Turtlemint Fintech Solutions Ltd.	Mainboard	₹882.67 Cr	₹152	-19.66	₹135.37	-10.94%	₹136.12
Pine Labs Ltd.	Mainboard	₹3,899.91 Cr	₹221	-160.13	₹250.89	+13.52%	₹202.17
Seshaasai Technologies Ltd.	Mainboard	₹813.07 Cr	₹423	28.63	₹411.45	-2.73%	₹387.40
Finbud Financial Services Ltd.	SME	₹71.68 Cr	₹142	23.4	₹164.85	+16.09%	₹128.55

Objects of the Issue

#	Issue Objects	Est Amt (₹ Cr.)
1	Capital Expenditure on Equipment	238.43
2	General Corporate Purposes	56.90
3	Issue Expenses	62.02
	Total	357.34

About Manipal Payment and Identity Solutions IPO

Updated on Sep 14, 2026

Contact Details

Manipal Payment & Identity Solutions Ltd. AddressUdayavani Building,Press CornerManipal, Karnataka, 5761040820 220 5480info@mpimanipal.comVisit Website