Manipal Payment and Identity Solutions sets an IPO price band of ₹322–339 per equity share. The company’s initial public offering opens for public subscription on September 9 and closes on September 11, with anchor investor bidding starting on September 8. The shares are scheduled to list on the BSE and NSE on September 17.
The IPO comprises a fresh issue of equity shares worth ₹320 crore and an offer for sale (OFS) of up to 1.43 crore shares by promoter Manipal Technologies, valued at around ₹485 crore. At the upper end of the price band, one outlet estimates the company’s implied post-issue market capitalisation at roughly ₹7,858 crore.
Regarding use of funds, the fresh issue proceeds are intended for capital expenditure, including purchasing and installing new and second-hand equipment. Outlets also describe the expansion across facilities in Manipal, Chennai, Navi Mumbai, and the Chhattisgarh Regional Transport Office, though these operational details are framed more extensively by one source. Other reported IPO particulars include the company’s business focus on payment, identification and secure technology solutions, as well as the issue managers and prior regulatory milestones.
