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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Manipal Payment and Identity Solutions Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹339
Per ShareLot Size
44 Shares
Minimum Investment
₹14,916
Issue Size
₹805 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
61.55%
Promoter Holding (Post-Issue)
53.02%
Issue Type
Book Building
ISIN
INE241U01028
We provide payments solutions, identifications solutions, secure solutions, and smart tagging and internet of things ("IOT") solutions to banks, fintechs, non-banking finance companies and governments, across domestic and international jurisdictions. Incorporated on February 19, 2008, our Company is part of The Manipal Group. The Manipal Group commenced operations in 1948 as a printing company, under the name of Express Printers Private Limited, catering to the secured printing requirements of banks in India and has since added products and services catering to customer requirements across various industries.
Our Company was incorporated as "MCT Cards & Technology Private Limited" on February 19, 2008, at Karnataka, India, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Assistant Registrar, Registrar of Companies, Karnataka, at Bengaluru ("RoC"). Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by our Board dated November 24, 2023 and a special resolution passed by the Shareholders on November 30, 2023, consequent to which the name of our Company was changed to "MCT Cards & Technology Limited", and a fresh certificate of incorporation dated June 28, 2024 was issued by the Registrar of Companies, Central Processing Centre, Manesar, Gurugram, Haryana. Thereafter, the name of our company was changed to our present name, "Manipal Payment and Identity Solutions Limited", pursuant to a resolution passed by our Board dated May 13, 2024, and special resolutions passed by our Shareholders on July 22, 2024. A fresh certificate of incorporation dated August 23, 2024, was issued by the Registrar of Companies, Central Processing Centre, Manesar, Gurugram, Haryana, upon change of our name.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 23,746,313 equity shares of face value of Rs. 2 each (the "Equity Shares") of Manipal Payment and Identity Solutions Limited (Formerly Known as MCT Cards & Technology Limited) ("The Company" or the "Issuer") for cash at a price of Rs. 339 per equity share (including a premium of Rs. 337 per equity share) (the "Offer Price") aggregating to Rs. 805 Crores comprising a fresh issue of 9,439,528 equity shares aggregating to Rs. 320 Crores (the "Fresh Issue") by the company and an offer for sale of 14,306,785 equity shares (the "Offered Shares") aggregating to Rs. 485 Crores (the "Offer For Sale", and together with the fresh issue, the "Offer") by the promoter selling shareholder. Price Band: Rs. 339 per equity share of face value of Rs. 2 each. The floor price 169.50 times the face value of the equity shares, respectively. Bids can be made for a minimum of 44 equity shares of face value of Rs. 2 each and in multiples of 44 equity shares of face value of Rs. 2 each thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.