Manipal Payment & Identity Solutions
Manipal Health Enterprises Limited, a public limited company incorporated under the Companies Act, 1956 with its registered and corporate office at The Annexe, #98/2, Rustom Bagh, HAL Airport Road, Bengaluru 560 017, Karnataka, India.
“Manipal Payment & Identity Solutions: fundamentals beat hype — an investor's IPO, be calm on listing.”
- ▸Undersubscribed — weak listing setup
- ▸QIB <1x — institutions unimpressed
- ▸22% PAT margin — pricing power
- ▸Profit not converting to cash — biggest red flag
- ▸2 forensic red flags in DRHP footnotes
- ⚠ Risks in relation to the first offer: no formal market for the equity shares; floor, cap and offer price not indicative of post‑listing price; no assurance of active trading.
- ⚠ General risk: equity investments may result in total loss; investors should read risk factors and rely on own examination.
Educational only. Not investment advice. GMP is unofficial chatter, never a promise.
Demand — who is actually bidding?
Live from NSE's official bid feed. QIB is smart money — if QIB sleeps past Day 2, listing pop usually dies.
Unofficial chatter, tracked daily — direction signal, never a promise.
Issue structure — where does money go?
- ▸Offer for sale
- ▸General corporate purposes
- Promoter 62.65% → 53.92% after IPO
Deep financials — does profit become cash?
| FY | REVENUE | PAT | MARGIN | ROE | ROCE | D/E | CFO |
|---|---|---|---|---|---|---|---|
| FY24 | ₹1267.97 Cr | ₹249.17 Cr | 19.7% | — | — | — | ₹0 Cr |
| FY26 | ₹1356.59 Cr | ₹253.46 Cr | 18.7% | — | — | — | ₹0 Cr |
| FY25 | ₹1277.11 Cr | ₹282.21 Cr | 22.1% | — | — | — | ₹0 Cr |
Valuation vs listed peers
Peer set is being compiled from analyst coverage — typically lands a day after the price band. Check back or tap Re-run AI above.
Risk dossier
- 01Risks in relation to the first offer: no formal market for the equity shares; floor, cap and offer price not indicative of post‑listing price; no assurance of active trading.
- 02General risk: equity investments may result in total loss; investors should read risk factors and rely on own examination.
Street tape
Documents & filings
Primary sources — the same PDFs our dossier numbers come from.
Questions investors ask about Manipal Payment & Identity Solutions
Should I apply for the Manipal Payment & Identity Solutions IPO for listing gains?
No — demand and sentiment both argue against a listing bet.
Is Manipal Payment & Identity Solutions good for the long term?
Not yet — wait for cheaper re-entry or cleaner quarters.
What is the Manipal Payment & Identity Solutions IPO price band and lot size?
₹322–₹339, lot of 44 shares (min ₹14,916). Open 9 Sept 2026 to 11 Sept 2026.
How do I check Manipal Payment & Identity Solutions IPO allotment status?
On the J.P. Morgan India Private Limited portal: select Manipal Payment & Identity Solutions, enter PAN, application number, or DP/Client ID, solve the captcha. Results go live 6–10 PM on allotment evening (issue closed 11 Sept 2026). BSE's application-status page works as fallback.
When is the Manipal Payment & Identity Solutions listing date?
Tentatively 16 Sept 2026 (T+3 after close).
Who should apply?
- • Listing trader → no, setup is weak
- • Long-term holder → wait for cheaper re-entry
- • First-time investor → learn by watching, not betting
Listing-day playbook
- • Opens +40%↑ → book half, keep rest at cost stop
- • Opens flat ±5% → hold only if long-term score ≥7
- • Opens discount → never average down Day 1