Manipal Payment & Identity Solutions IPO Subscribed 0.31x on Day 2

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Last Updated: 10th September 2026 - 05:35 pm

Manipal Payment & Identity Solutions IPO was subscribed 0.31 times by 5:06 PM on Day 2, September 10, 2026. The public issue received bids for 39,89,920 shares against 1,30,60,472 shares available for subscription, based on the provided subscription data.

Retail Investors led the bidding on Day 2, with their reserved portion subscribed 1.22 times. The Non-Institutional Investors (NII) portion was subscribed 0.24 times, while the Qualified Institutional Buyers (QIB) category recorded 0.03 times subscription.

Subscription Status of Manipal Payment & Identity Solutions IPO

Date QIB NII Retail Total
Day 1 (September 9) 0.00 0.13 0.73 0.17
Day 2 (September 10) 0.03 0.24 1.22 0.31

Here are the subscription details for Manipal Payment & Identity Solutions IPO Day 3, as of 5:06 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total
Anchor 1 1,06,85,841            1,06,85,841           362.250
QIB 0.03 71,23,894 2,16,700       7.346
NII 0.24 35,61,947             8,71,156 29.532
Retail 1.22 23,74,631      29,02,064      98.380
Total 0.31 1,30,60,472

39,89,920      

135.258

Key Highlights – Day 2

  • Manipal Payment & Identity Solutions IPO was subscribed 0.31 times overall by 5:06 PM on Day 2.
  • The Retail Investors portion led the bidding at 1.22 times.
  • The NII portion was subscribed 0.24 times.
  • The QIB category recorded 0.03 times subscription.

Key Highlights – Day 1

  • Manipal Payment & Identity Solutions IPO was subscribed 0.17 times overall on Day 1.
  • The Retail Investors portion led the bidding at 0.73 times.
  • The NII portion was subscribed 0.13 times.
  • The QIB category recorded 0.00 times subscription.

About Manipal Payment & Identity Solutions

Manipal Payment & Identity Solutions Limited, part of the Manipal Group, provides payment, identification, secure, smart tagging and IoT solutions across domestic and international markets. The company serves banks, fintechs, NBFCs and government entities, offering payment cards, identity documents, secure products and digital solutions. In FY2026, it served over 300 customers. Its operations span 10 facilities across India, supported by five Central Cards Processing Centres.

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