Manipal Payment and Identity Solutions Limited (MPISL) announced its initial public offering details: Wednesday, September 9, 2026, the bids will open and, Friday, September 11, 2026, the bids will close.
- Issue Opens: September 9, 2026
- Issue Closes: September 11, 2026 (Closing today)
- Face Value: Rs 10
- Price Band: Rs 322 – 339 per share
- Minimum Bid Lot: 44 Equity Shares
- Listing: BSE & NSE
The Anchor Investor Bidding date is set for Tuesday, September 8, 2026. The Price Band of the Issue has been fixed from ₹322 – ₹339 per Equity Share. Bids can be made for a minimum of 44 Equity Shares and multiples of 44 Equity Shares thereafter. The Offer comprises Fresh Issue of equity shares aggregating up to ₹320 crore and an Offer for sale of up to 14,306,785 Equity Shares by the promoter selling shareholder, Manipal Technologies Limited.
MPISL provides payments solutions, identifications solutions, secure solutions, and smart tagging and internet of things (IOT) solutions to banks, fintechs, NBFCs, and governments worldwide. In Fiscal 2026, the company held approximately 36.4% of India’s credit card and 30.9% of its debit card issuance market, positioning it among the largest manufacturers of payment cards, both globally and in India. Additionally, it is one of India’s largest national identity card producers, having billed over 1 billion cards in 12 regional languages. MPISL serves customers through 10 facilities across India, catering to a diverse set of over 300 customers in Fiscal 2026 across domestic and international jurisdictions.
MPISL has been certified by payment networks Mastercard (for over 16 years), RuPay (for over nine years), and by other payment networks for over 15 years and nine years, respectively, for manufacturing and personalization of payment cards. Further, the facilities are certified for Payment Card Industry Data Security Standard (Level 1) Version 4.0.1 for secure data management, and the Manipal Facility is certified for ‘INTERGRAF’ (Central Bank Level) and Card Quality Management for secure card manufacturing and personalization.
The Equity Shares are proposed to be listed on BSE and the NSE.
