Manipal Payment & Identity Solutions IPO
Market Sentiment
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | June 2025 |
|---|---|---|---|---|
| Revenue | 920.48 | 1,267.97 | 1,277.11 | 292.67 |
| Expense | 788.94 | 967.63 | 1,032.65 | 244.92 |
| Profit (PAT) | 117.67 | 249.17 | 282.21 | 33.93 |
| Total Assets | 613.45 | 1,102.71 | 1,409.67 | 863.49 |
Promoters: Tonse Gautham Pai, T. Satish U. Pai, Sandhya S. Pai, Manipal Technologies Limited, Manipal Media Network Limited, Tridevitha Consultancy Services Private Limited and Tridevita Family Trust 2017
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | – | 62.10% |
Strengths & Risks
- Solid profit margin — 22.1%.
- Strong return on equity — 55%.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Incorporated on February 19, 2008, Manipal Payment and Identity Solutions Ltd (MPISL) is one of the leading banking and smart card manufacturers in India. The company engaged in offering payment solutions, identification solutions, secure solutions, and smart tagging and Internet of Things (IoT) solutions to banks, fintech companies, non-banking finance companies, and government organizations in India and international markets. Its payment solutions consist of payment cards, cheque services, NFC and QR code-based payments, payment-enabled wearables, and digital automation solutions. In terms of the shipment and magstripe payment cards, the Manipal payment is the highest-ranked company in India and the 14th-ranked company globally. Along with India, the company has expanded its operations to the United Kingdom, Europe, Asia-Pacific, and the MEA regions. Moreover, the company consists of 10 facilities, 19 production units across 11 cities.
| Purpose | Amount (Cr) |
|---|---|
| Capital Expenditure on Equipment | 287.14 |
| General Corporate Purpose | - |
Resources & Documents
N/A
Manipal Payment & Identity Solutions is preparing a sme offering. The SME issue is in the upcoming pipeline with dates yet to be finalised.
Incorporated on February 19, 2008, Manipal Payment and Identity Solutions Ltd (MPISL) is one of the leading banking and smart card manufacturers in India. The company engaged in offering payment solutions, identification solutions, secure solutions, and smart tagging and Internet of Things (IoT) solutions to banks, fintech companies, non-banking finance companies, and government organizations in India and international markets.
The issue is promoted by Tonse Gautham Pai, T. Satish U. Pai, Sandhya S. Pai, Manipal Technologies Limited, Manipal Media Network Limited, Tridevitha Consultancy Services Private Limited and Tridevita Family Trust 2017 with Motilal Oswal Investment Advisors Limited, Axis Capital Limited, ICICI Securities Limited, IIFL Capital Services Limited, Nuvama Wealth Management Limited acting as lead manager. Net proceeds will primarily be used towards Capital Expenditure on Equipment (Rs 287 crore) and General Corporate Purpose.
On fundamentals, the company is posting revenue growth of 0.7%, a profit margin of 22.1%, return on equity of 55.1% in its most recent reported period. Listed peers in this segment include Seshaasai Technologies Limited (P/E 24.82x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Manipal Payment & Identity Solutions IPO GMP — What It Means
No active grey market premium has been recorded for Manipal Payment & Identity Solutions IPO yet. GMP is an unofficial, dealer-quoted indicator of expected listing-day demand — not a guaranteed listing price — and it can change quickly once bidding opens.
See the full Manipal Payment & Identity Solutions GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
No comments yet. Be the first to share your opinion!