Manipal Payment and Identity Solutions Limited
MainboardMPIMANIPAL • BSE, NSE
Issue details
Price band
₹322 - ₹339
Lot size
44 shares
Issue size
₹442.75 Cr
Min. investment
₹14,916
Registrar
MUFG Intime India
Subscription
0.87x
Grey market premium
-₹6 · -2%
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IPO Timeline
Open
9 Sep
Close
11 Sep
Allotment
14 Sep
Listing
17 Sep
- Refunds & demat credit
- 15 Sep 2026
- Mandate end
- 26 Sep 2026
- Anchor lock-in 50%
- 14 Oct 2026
- Anchor lock-in 100%
- 13 Dec 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 44shares 1 lot · ₹14,916 | 572shares 13 lots · ₹1,93,908 |
| sNII (₹2L–₹10L) | 616shares 14 lots · ₹2,08,824 | 2,948shares 67 lots · ₹9,99,372 |
| bNII (above ₹10L) | 2,992shares 68 lots · ₹10,14,288 | No limit funds permitting |
Based on the upper price band of ₹339 and a lot of 44 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| NII | 35,61,946 | 20,30,116 | 0.57x |
| bNII (above ₹10L) | 11,87,315 | 10,17,104 | 0.86x |
| Retail (IND) | 23,74,631 | 34,96,592 | 1.47x |
| Total | 1,30,60,472 | 1,13,88,168 | 0.87x |
Last updated 51 days ago.
Issue structure
Face value
₹2 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹320 Cr
94,39,528 shares
Offer for sale
₹485 Cr
1,43,06,785 shares
Shares pre-issue
22,23,65,000
Shares post-issue
23,18,04,528
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 11.4 | 10.93 |
| P/E | 29.74 | 31.02 |
| Market cap | ₹7,538.17 Cr. | ₹8,000.73 Cr |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 29.35% | 55.08% |
| ROCE | 32.69% | 33.97% |
| Debt/Equity | 0.00 | 0.76 |
| RoNW | 22.93% | 45.54% |
| PAT Margin | 18.68% | 22.10% |
| EBITDA Margin | 33.60% | 32.01% |
| NAV | 48.84 | 29.68 |
| Price to Book Value | 6.94 | 11.42 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 | 619.7 | 405.05 |
| Assets | 1,160.9 | 1,409.67 | 1,102.71 |
| Reserves & surplus | 747.43 | 262.89 | 48.25 |
| Total borrowing | 0.42 | 472.87 | 449.47 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Capital Expenditure on Equipment₹238.43 Cr
- 2.General Corporate Purposes₹56.9 Cr
- 3.Issue Expenses₹62.02 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Turtlemint Fintech Solutions Ltd.Mainboard | ₹152 | -19.66 | ₹135.37 | -10.94% |
| Pine Labs Ltd.Mainboard | ₹221 | -160.13 | ₹250.89 | +13.52% |
| Seshaasai Technologies Ltd.Mainboard | ₹423 | 28.63 | ₹411.45 | -2.73% |
| Finbud Financial Services Ltd.SME | ₹142 | 23.4 | ₹164.85 | +16.09% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.