A New Chapter for Manipal Payment
The Indian IPO market remains vibrant as Manipal Payment and Identity Solutions Limited (MPISL) prepares to go public. The company has officially announced the details for its upcoming initial public offering, positioning itself as a key player to watch in the September IPO pipeline.
Key IPO Details and Dates
The bidding for the Manipal Payment IPO is scheduled to open on Wednesday, September 9, 2026, and will close on Friday, September 11, 2026. Institutional investors have an earlier window, with the anchor investor bidding set for Tuesday, September 8, 2026.
- Price Band: ₹322 to ₹339 per share
- Lot Size: 44 shares
- Minimum Retail Investment: ₹14,916 (based on upper price band)
- Tentative Listing Date: September 17, 2026
- Exchange: BSE and NSE
What Investors Should Consider
With an issue size of ₹805 crore, the company is looking to raise fresh capital combined with an Offer for Sale (OFS). Motilal Oswal Investment Advisors Ltd. has been appointed as the book-running lead manager for the issue, with MUFG Intime India Pvt. Ltd. serving as the registrar. Following the close of the bidding period, the basis of allotment is expected to be finalized by September 15, 2026, with shares credited to demat accounts by September 16.
The IPO market is gathering pace as multiple firms look to leverage positive investor sentiment, making it a critical time for those looking to diversify their portfolios.
— Market Analyst