Manipal Payment and Identity Solutionst Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Manipal Payment and Identity Solutionst Ltd IPO

We provide payments solutions, identifications solutions, secure solutions, and smart tagging and internet of things (IOT) solutions to banks, fintechs, non-banking finance companies and governments, across domestic and international jurisdictions. Incorporated on February 19, 2008, our Company is part of The Manipal Group. The Manipal Group commenced operations in 1948 as a printing company, under the name of Express Printers Private Limited, catering to the secured printing requirements of banks in India and has since added products and services catering to customer requirements across various industries.

Manipal Payment and Identity Solutionst Ltd IPO Details

Total Shares Offered

₹ 2,37,46,313

Offer to Public

1,43,06,785

Retail Max (Shares)

₹ 23,74,631

Pre Issue Promoters Holding

₹ 13,93,02,995

Exchange

BSE

Issue size

₹ 805 Cr

IPO Open Date

Sep 9, 2026

Close Date

Sep 11, 2026

Lot Size

Min Investment

₹ 14,168

Issue Type

Book Building

Listing Date

Sep 17, 2026

Manipal Payment and Identity Solutionst Ltd IPO Dates

Sep 9, 2026

Opening date

Sep 11, 2026

Closing date

Sep 15, 2026

Basis of Allotment

Sep 16, 2026

Initiation of Refunds

Sep 16, 2026

Credit of Shares

Sep 17, 2026

Listing date

Details

Sector	Type
Sector	Computers - Software - Medium
Sub Sector	Small
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	17809735
NII	0x	3561947
Retail	0x	2374631
Employee	0x	0
Total	0x	23746313

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

17809735

3561947

2374631

23746313

Manipal Payment and Identity Solutionst Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	TBA	TBA	TBA
EBITDA	TBA	TBA	TBA
PAT	TBA	TBA	TBA
Total Assets	TBA	TBA	TBA
Share Capital	TBA	TBA	TBA
Total Borrowings	TBA	TBA	TBA
Operating Activities (Net Cash)	TBA	TBA	TBA
Investing Activities (Net Cash)	TBA	TBA	TBA
Financing Activities (Net Cash)	TBA	TBA	TBA
Net Cashflow	TBA	TBA	TBA

About Manipal Payment and Identity Solutionst Ltd

Our Company was incorporated as MCT Cards & Technology Private Limited on February 19, 2008, at Karnataka, India, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Assistant Registrar, Registrar of Companies, Karnataka, at Bengaluru (RoC). Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by our Board dated November 24, 2023 and a special resolution passed by the Shareholders on November 30, 2023, consequent to which the name of our Company was changed to MCT Cards & Technology Limited, and a fresh certificate of incorporation dated June 28, 2024 was issued by the Registrar of Companies, Central Processing Centre, Manesar, Gurugram, Haryana. Thereafter, the name of our company was changed to our present name, Manipal Payment and Identity Solutions Limited, pursuant to a resolution passed by our Board dated May 13, 2024, and special resolutions passed by our Shareholders on July 22, 2024. A fresh certificate of incorporation dated August 23, 2024, was issued by the Registrar of Companies, Central Processing Centre, Manesar, Gurugram, Haryana, upon change of our name.

Peer Comparison:

MCT Cards & Technology Pvt Ltd
Seshaasai Technologies Limited

Manipal Payment and Identity Solutionst Ltd Key Points

Strengths

We were among the largest manufacturers of payment cards, both globally and in India in Fiscal 2026.

We have long-standing relationships with marquee customers.

We have expansive product portfolio, powered by innovation, offering comprehensive solutions.

We have technology-driven facilities and operations, with a focus on security compliance.

We have experienced management team with committed employee base, backed by the Manipal Group.

Risk

Our top 10 customers accounted for 58.67%, 60.98% and 62.51% of our revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Loss of any of our key customers, or reduction in revenue earned from such key customers, may have an adverse effect on our business, financial condition and results of operations.

Purchases from our top 10 suppliers accounted for 56.05%, 62.29% and 59.69% of our total purchases in Fiscals 2026, 2025 and 2024, respectively. We rely on the timely supply of different raw materials for manufacturing, personalizing and printing our products. Our business could be adversely affected if our suppliers fail to meet their delivery obligations or raise their prices.

We generate a significant portion of our revenues from sale of cards manufactured by us. Any adverse developments affecting this vertical may adversely affect our business, results of operations, financial condition, and cash flows.

Strategy

Increase our payment cards market share globally.

Focus on growing our metal cards portfolio.

Consolidate our market leadership in India.

Diversify our offerings through identity solutions projects in India and globally.

Expanding our tax stamps solutions across Indian and international jurisdictions.

How To Apply for Manipal Payment and Identity Solutionst Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Manipal Payment and Identity Solutionst Ltd IPO?

Manipal Payment and Identity Solutionst Ltd's IPO offers shares for up to 320 It begins on Sep 9, 2026 and ends on Sep 11, 2026.

What is the price of the Manipal Payment and Identity Solutionst Ltd IPO?

The price of Manipal Payment and Identity Solutionst Ltd IPO ranges between ₹322 to ₹339 per share.

What are the open and close dates for the Manipal Payment and Identity Solutionst Ltd IPO?

The Manipal Payment and Identity Solutionst Ltd IPO opens on Sep 9, 2026 and closes on Sep 11, 2026.

When will the Manipal Payment and Identity Solutionst Ltd IPO be allotted?

The allotment for the Manipal Payment and Identity Solutionst Ltd IPO will be finalised on Sep 15, 2026. The shares will be listed on BSE and NSE on Sep 17, 2026.

What is the minimum lot size required for Manipal Payment and Identity Solutionst Ltd IPO?

The minimum lot size for Manipal Payment and Identity Solutionst Ltd IPO is 44 shares, priced between ₹322 to ₹339 per share.

What is the GMP of Manipal Payment and Identity Solutionst Ltd IPO?

The GMP (Grey Market Premium) of Manipal Payment and Identity Solutionst Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Manipal Payment and Identity Solutionst Ltd IPO?

To check the allotment status of Manipal Payment and Identity Solutionst Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Manipal Payment and Identity Solutionst Ltd IPO getting listed?

The Manipal Payment and Identity Solutionst Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 9, 2026, and closes on Sep 11, 2026. The allotment is finalised on Sep 15, 2026.

How do you apply for the Manipal Payment and Identity Solutionst Ltd IPO?

To apply for the Manipal Payment and Identity Solutionst Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.