Manipal Payment & Identity Solutions IPO Day 2 Subscription Status: Issue Subscribed 0.31 Times

Authored By HDFC SKY | Published at: Sep 10, 2026 06:56 PM IST

Manipal Payment & Identity Solutions IPO subscribed 0.31 times by Day 2 as of 5:09:25 PM on September 10, 2026, with retail at 1.22 times, NII at 0.24 times and QIB at 0.03 times.

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Mumbai, September 10: The Manipal Payment & Identity Solutions IPO was in its second day of bidding on Thursday, September 10, 2026. The ₹805 crore book-built issue comprises a fresh issue of 94.40 lakh shares worth ₹320 crore and an offer for sale of 1.43 crore shares worth ₹485 crore.

The IPO opened on September 9 and will close on September 11, 2026. The price band is ₹322 to ₹339 per share, with a lot size of 44 shares. At the upper end of the price band, the minimum retail application is ₹14,916.

Manipal Payment & Identity Solutions IPO Day 2 Subscription Status

As of 5:09:25 PM on September 10, 2026, the IPO had been subscribed 0.31 times. Bids were received for 39,89,920 shares against 1,30,60,472 shares offered to the public.

The retail category led the subscription at 1.22 times, followed by NII at 0.24 times. The QIB portion, excluding anchor investors, stood at 0.03 times.

Category	Subscription
QIB (Ex Anchor)	0.03x
NII	0.24x
Retail	1.22x
Total	0.31x

The IPO had received 54,806 applications as of the same snapshot.

Category-wise Manipal Payment & Identity Solutions IPO Subscription Status

The retail portion was subscribed 1.22 times, with bids for 29,02,064 shares against 23,74,631 shares offered. The NII segment received bids for 8,71,156 shares against an allocation of 35,61,947 shares.

Category	Shares Offered	Shares Bid For	Subscription	Total Amount (₹ Cr)
Anchor	1,06,85,841	1,06,85,841	1.00x	362.250
QIB (Ex Anchor)	71,23,894	2,16,700	0.03x	7.346
NII	35,61,947	8,71,156	0.24x	29.532
Retail	23,74,631	29,02,064	1.22x	98.380
Total	1,30,60,472	39,89,920	0.31x	135.258

Within the NII category, the portion for applications above ₹10 lakh was subscribed 0.20 times, while the portion below ₹10 lakh was subscribed 0.34 times.

NII Sub-category	Shares Offered	Shares Bid For	Subscription
bNII (> ₹10L)	23,74,631	4,66,620	0.20x
sNII (< ₹10L)	11,87,316	4,04,536	0.34x

Manipal Payment & Identity Solutions Day-Wise Subscription Summary

The overall subscription increased from 0.17 times on Day 1 to 0.31 times by the Day 2 snapshot.

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
September 9 (Day 1)	0.00x	0.13x	0.11x	0.18x	0.73x	0.17x
September 10 (Day 2)	0.03x	0.24x	0.20x	0.34x	1.22x	0.31x

Manipal Payment & Identity Solutions IPO Timeline

IPO Milestone	Date
Issue Open Date	September 9 2026
Issue Close Date	September 11 2026
Basis of Allotment Date	September 15 2026
Initiation of Refunds	September 16 2026
Credit of Shares	September 16 2026
Listing Date	September 17 2026

Brief Overview Of The IPO

Manipal Payment & Identity Solutions IPO is a ₹805 crore book-built issue comprising a fresh issue of 94.40 lakh shares aggregating to ₹320 crore and an offer for sale of 1.43 crore shares aggregating to ₹485 crore.

The price band has been set at ₹322 to ₹339 per share, with a face value of ₹2 per share. The lot size is 44 shares, making ₹14,916 the minimum retail investment at the upper end of the price band.

IPO Particular	Details
Issue Size	₹805 crore
Fresh Issue	₹320 crore
Offer for Sale	₹485 crore
Issue Type	Bookbuilding IPO
Price Band	₹322 to ₹339 per share
Lot Size	44 shares
Minimum Retail Investment	₹14,916
IPO Open Date	September 9 2026
IPO Close Date	September 11 2026
Listing Exchange	BSE, NSE
Tentative Listing Date	September 17 2026
Book Running Lead Manager	Motilal Oswal Investment Advisors Ltd.
Registrar	MUFG Intime India Pvt. Ltd.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=MPIMANIPAL&series=EQ&type=Active

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