About the Manipal Payment & Identity Solutions IPO
Manipal Payment & Identity Solutions is a Mainboard issue listing on Equity with an issue size of 805. The price band is ₹322-339 per share and one lot is 44 shares. Bidding runs from 9 Sep 2026 to 11 Sep 2026. The minimum application is one lot, which costs ₹14,916 at the upper band.
What the GMP implies
At the last recorded GMP of ₹-6, the grey market is pricing Manipal Payment & Identity Solutions at about ₹333 on listing, against the upper price band of ₹339, or roughly ₹-,264 per lot.
.GMP changes daily and is often wrong on listing day: it is an unofficial figure from informal dealers, not a price you can trade at.
Manipal Payment & Identity Solutions IPO key dates
| Bidding opens | 9 Sep 2026 |
| Bidding closes | 11 Sep 2026 |
| Allotment | 15 Sep 2026 |
| Refunds start | 15 Sep 2026 (expected) |
| Shares credited to demat | 15 Sep 2026 (expected) |
| Listing | 17 Sep 2026 |
Dates marked "expected" follow SEBI's T+3 timeline from the closing date and change if the company announces otherwise.
How much to apply with
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 44 | ₹14,916 |
| Retail (max) | 13 | 572 | ₹1,93,908 |
| Small HNI (min) | 14 | 616 | ₹2,08,824 |
| Small HNI (max) | 67 | 2,948 | ₹9,99,372 |
| Big HNI (min) | 68 | 2,992 | ₹10,14,288 |
Retail bids are capped at ₹2 lakh; small HNI is ₹2–10 lakh; big HNI is above ₹10 lakh. Amounts at the upper price band.
How to apply
1. Open the IPO section in your broker app, or ASBA in your bank's net banking.
2. Pick Manipal Payment & Identity Solutions, enter the number of lots and bid at the cut-off price.
3. Approve the UPI mandate on your phone before the closing day's cut-off.
4. Check allotment after 15 Sep 2026 using the button above.