Manipal Payment and Identity Solutions IPO opens 9 September at INR 322 to 339 a share
The card manufacturer, which says it makes over a third of India's credit cards, is raising INR 320 crore in fresh issue alongside an offer for sale by promoter Manipal Technologies.
Manipal Payment and Identity Solutions will open its initial public offering on Wednesday, 9 September, closing Friday, 11 September, with a price band of INR 322 to INR 339 per share on a face value of INR 10. The anchor investor bidding date is Tuesday, 8 September, and the minimum bid lot is 44 shares. The offer comprises a fresh issue of up to INR 320 crore and an offer for sale of up to 14,306,785 shares by promoter Manipal Technologies. The company said it accounted for about 36.4 percent of India's credit card and 30.9 percent of debit card issuance in FY2026.
