Manipal Payment IPO Details
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹[.] Crores |
| Fresh Issue | Approx ₹400 Crores |
| Offer for Sale: | Approx 17,500,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Manipal Payment & Identity Solutions IPO Review & Key Points
- Review:
Manipal Payment & Identity Solutions IPO Market Lot
The Manipal Payment & Identity Solutions IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Manipal Payment & Identity Solutions IPO Anchor Investors
| Anchor Bidding Date | 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2025 |
| lock-in period end date 50% shares (90 Days) | 2025 |
Manipal Payment & Identity Solutions IPO Dates
The Manipal Payment IPO date is 2025 and the close date is 2025. The Manipal Payment & Identity Solutions IPO allotment will be finalized on 2025 and the IPO listing on 2025.
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
| IPO Bidding Cut-off Time: | 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Tonse Gautham Pai, T. Satish U. Pai, Sandhya S. Pai, Manipal Technologies Limited, Manipal Media Network Limited, Tridevitha Consultancy Services Private Limited and Tridevita Family Trust 2017.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | – | 62.10% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Capital Expenditure on Equipment | ₹287.14 |
| General Corporate Purpose | ₹- |
About Manipal Payment & Identity Solutions IPO
Incorporated on February 19, 2008, Manipal Payment and Identity Solutions Ltd (MPISL) is one of the leading banking and smart card manufacturers in India. The company engaged in offering payment solutions, identification solutions, secure solutions, and smart tagging and Internet of Things (IoT) solutions to banks, fintech companies, non-banking finance companies, and government organizations in India and international markets.
Its payment solutions consist of payment cards, cheque services, NFC and QR code-based payments, payment-enabled wearables, and digital automation solutions. In terms of the shipment and magstripe payment cards, the Manipal payment is the highest-ranked company in India and the 14th-ranked company globally. Along with India, the company has expanded its operations to the United Kingdom, Europe, Asia-Pacific, and the MEA regions. Moreover, the company consists of 10 facilities, 19 production units across 11 cities.
Manipal Payment & Identity Solutions IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹920.48 | ₹788.94 | ₹117.67 | ₹613.45 |
| 2024 | ₹1267.97 | ₹967.63 | ₹249.17 | ₹1,102.71 |
| 2025 | ₹1277.11 | ₹1032.65 | ₹282.21 | ₹1,409.67 |
| June 2025 | ₹292.67 | ₹244.92 | ₹33.93 | ₹863.49 |
Manipal Payment & Identity Solutions IPO Valuation – FY2025
Check Manipal Payment & Identity Solutions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 55.08% |
| ROCE: | 33.97% |
| EBITDA Margin: | 32.01% |
| PAT Margin: | 22.10% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹13.65 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 45.54% |
| Net Asset Value (NAV): | ₹29.68 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Seshaasai Technologies Limited | 15.06 | 24.82 | 33.20% | 45.37 | 1,463.15 Cr. |
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- Axis Capital Limited
- ICICI Securities Limited
- IIFL Capital Services Limited
- Nuvama Wealth Management Limited
Company Address
Manipal Payment & Identity Solutions Limited.
Udayavani Building, Press Corner
Manipal 576 104, Karnataka, India
Dattatri Manjunatha Hardur, Company
Secretary and Compliance Officer
Phone: +91 820 2205 000
Email: [email protected]
Website: https://mpimanipal.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Manipal Payment & Identity Solutions IPO FAQs
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Note: The Manipal Payment & Identity Solutions IPO price band and date are officially announced. The (Manipal Payment & Identity Solutions IPO grey market premium) will be added to the IPO GMP page as it will start).
