Manipal Payment and Identity Solutions Share Price: Stock Lists at ₹330 With a 2.65% Discount on NSE

On September 17, 2026, Manipal Payment and Identity Solutions Ltd. shares made their market debut on the stock exchanges. The stock listed at ₹330.00 on the National Stock Exchange (NSE), reflecting a 2.65% discount under its IPO issue price of ₹339.00 per share.  

On BSE, it listed at ₹332.00, marking a 2.06% discount against the IPO issue price. 

Manipal Payment & Identity Solutions IPO Overview 

Manipal Payment & Identity Solutions Limited launched a book built issue of ₹805.00 crore, consisting of a fresh issue of 94.40 lakh shares valued at ₹320.00 crore and an offer for sale of 1.43 crore shares valued at ₹485.00 crore.  

The subscription opened on September 9, 2026, and closed on September 11, 2026. The allotment was finalized on September 15, 2026, with a tentative listing scheduled for September 17, 2026, on the BSE and NSE.  

The issue price band was fixed at ₹322 to ₹339 per share with a lot size of 44 shares, requiring a minimum retail investment of ₹14,916. Motilal Oswal Investment Advisors Ltd. serves as the book running lead manager, and MUFG Intime India Pvt. Ltd. operates as the registrar. 

Manipal Payment & Identity Solutions IPO subscribed 1.42 times. 

Business Overview of Manipal Payment & Identity Solutions 

Incorporated in 2008, Manipal Payment & Identity Solutions Limited is part of The Manipal Group, providing secure payment, identification, smart tagging, and internet of things solutions. The company caters to banks, fintech firms, non-banking finance companies, and governments across domestic and international markets.  

Its portfolio includes payment cards, cheque solutions, national identity cards, driving licenses, and transit management systems. In fiscal 2026, the company served over 300 customers globally, including major institutions like State Bank of India and HDFC Bank.  

As of March 31, 2026, the company maintained a workforce of 1,809 permanent employees and 1,509 contracted employees. 

Financial Overview of Manipal Payment & Identity Solutions 

The financial performance shows stable revenue expansion alongside variations in net profitability from fiscal year 2024 through fiscal year 2026. Total income grew steadily from ₹1,267.97 crore in fiscal 2024 to ₹1,277.11 crore in fiscal 2025, reaching ₹1,356.59 crore by March 31, 2026. Profit after tax rose from ₹249.17 crore in fiscal 2024 to ₹282.21 crore in fiscal 2025, before declining to ₹253.46 crore in fiscal 2026. EBITDA increased consistently to ₹455.83 crore by the end of fiscal 2026. Total assets stood at ₹1,160.90 crore, net worth reached ₹1,107.34 crore, and total borrowings dropped significantly to ₹0.42 crore. 

Objective of Manipal Payment & Identity Solutions IPO 

The company proposes to utilize the net proceeds from the public issue to meet critical operational funding requirements and corporate expenditures, totaling an estimated ₹357.34 crore. The primary allocation involves funding capital expenditure requirements for the procurement of equipment, which accounts for ₹238.43 crore. Additionally, the company will deploy ₹56.90 crore from the raised capital toward general corporate purposes to support its ongoing commercial operations and business expansion. The final portion of the issue proceeds, amounting to ₹62.02 crore, is designated to cover the estimated issue expenses incurred during the public market listing process. 

Read More: Manika Plastech IPO Allotment Status! 

Manipal Payment and Identity Solutions Share Price Performance 

As of September 17, 2026, at 10:12 AM, Manipal Payment and Identity Solutions share price on the NSE was trading at ₹322.20, down by 4.96% from its IPO issue price of ₹339.00.  

Conclusion 

Manipal Payment and Identity Solutions equity shares opened with losses on both exchanges, listing at ₹330.00 on the NSE and ₹332.00 on the BSE, dragging the stock below the company's IPO issue price of ₹339.00 per share. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Readers should conduct their own research and form an independent opinion before making any financial decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.