Manipal Payment & Identity Solutions Limited (MPISL) is a technology-driven company operating at the intersection of payments, identification, secure solutions and smart technologies. Part of the Manipal Group, the company serves banks, fintech companies, NBFCs and government institutions across India and international markets.
The company’s offerings include payment cards, cheque solutions, NFC and QR-based products, payment-enabled wearables, driving licences, registration certificates, identity cards, secure logistics, holograms, smart tagging and IoT solutions. This gives the company exposure to multiple segments of the growing digital payments and secure identification ecosystem.
In FY2026, the company served 300+ customers and operated 10 facilities across India. It produced approximately 13.54 million credit cards and 72.66 million debit cards, with an estimated 36.4% share of India’s credit-card issuance market and 30.9% share of the debit-card issuance market.
Key Highlights
- 💳 Payment Card Manufacturing & Personalisation
- 🪪 Identity & Government Solutions
- 🔐 Secure Printing & Security Solutions
- 📱 NFC, QR & Payment Wearables
- 🏷️ Smart Tagging & IoT Solutions
- 🏦 300+ Customers Across Multiple Segments
- 🌍 Domestic & International Presence
Disclaimer
This article is for informational and educational purposes only and should not be construed as investment advice or a recommendation.
Manipal Payment & Identity Solutions IPO Timetable
| Particular | Date |
| IPO Open Date | 09 September 2026 |
| IPO Close Date | 11 September 2026 |
| Allotment Date | 15 September 2026 |
| IPO Listing Date | 17 September 2026 |
Manipal Payment & Identity Solutions IPO Details
| Issue Type | Bookbuilding IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 322 to 339 Per Equity Share |
| Market Lot | 44 Share |
| ISIN Code | INE241U01028 |
| Listing At | BSE,NSE |
| Issue Size | Rs. 805 Crore. |
Manipal Payment & Identity Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 44 | Rs. 14,916 |
| Maximum | 13 | 572 | Rs. 193,908 |
| Small HNI (Minimum) | 14 | 616 | Rs. 208,824 |
| Big HNI (Minimum) | 68 | 2992 | Rs. 1,014,288 |
Manipal Payment & Identity Solutions IPO Allotment Status
Click Here To Check IPO Allotment Status Manipal Payment & Identity Solutions IPO
Click Here To Get ASBA Forms Manipal Payment & Identity Solutions IPO
Company Financials :
| Particular | Latest Year | Prior Year | 2 Years Prior |
| Total Assets | 1160.90 | 1409.67 | 1102.71 |
| Total Revenue | 1356.59 | 1277.11 | 1267.97 |
| Profit After Tax | 253.46 | 282.21 | 249.17 |
Company Promoters:
Tonse Gautham Pai, T.Satish U.Pai, Sandhya S.Pai, Manipal Technologies Ltd., Manipal Media Network Ltd., Tridevitha Consultancy Services Pvt.Ltd. and Tridevita Family Trust 2017.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Manipal Payment & Identity Solutions Ltd. Udayavani Building, Press Corner Manipal, Karnataka, 576104 Contact: +91 0820 220 5480 Email: info@mpimanipal.com Web: https://mpimanipal.com/ | MUFG Intime India Private Limited Contact:- +91 81081 14949 Email:- manipalpayment.ipo@in.mpms.mufg.com Web:- https://in.mpms.mufg.com/ |
Risk Disclosure :- Investing in Initial Public Offerings (IPOs) involves significant market risks. The information provided in this blog post is for educational and informational purposes only and should not be treated as investment advice or a recommendation to subscribe to any IPO. Investors must carefully read the Red Herring Prospectus (RHP), company financials, and all risk factors before investing.
IPO allotment is not guaranteed, and the listing price may differ from expectations due to market demand, business fundamentals, and overall market conditions. Newly listed companies may experience high volatility in the initial days of trading. Past performance of other IPOs does not indicate or assure future results.
Investors should evaluate their risk appetite, financial objectives, and seek independent professional advice before making any investment decisions.
