Manipal Payment & Identity Solutions IPO
Manipal Payment & Identity Solutions IPO is a mainboard IPO raising ₹805 Cr at ₹322 – ₹339 a share. It listed on 17 Sept 2026 at ₹330, −2.7% against its issue price of ₹339, and trades at ₹307 today (−9.4% since issue). It was subscribed 1.42× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 71,23,895 | 89,64,164 | 1.26× |
| Foreign Institutional Investors | no separate quota | 18,84,960 | n/a |
| Domestic Financial Institutions | no separate quota | 0 | n/a |
| Mutual funds | no separate quota | 60,17,528 | n/a |
| Others | no separate quota | 10,61,676 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 35,61,946 | 43,46,144 | 1.22× |
| Non Institutional Investors | 23,74,631 | 29,40,828 | 1.24× |
| Corporates | no separate quota | 10,86,976 | n/a |
| Individuals | no separate quota | 17,81,120 | n/a |
| Others | no separate quota | 72,732 | n/a |
| Non Institutional Investors | 11,87,315 | 14,05,316 | 1.18× |
| Corporates | no separate quota | 16,940 | n/a |
| Individuals | no separate quota | 13,48,512 | n/a |
| Others | no separate quota | 39,864 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 23,74,631 | 52,02,296 | 2.19× |
| Cut Off | no separate quota | 45,74,812 | n/a |
| Price bids | no separate quota | 6,27,484 | n/a |
| Total | 1,30,60,472 | 1,85,12,604 | 1.42× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 12 Sept, 08:15 am IST.
Where the bids landed
Demand falls about 39% from the bottom of the band to the top. 25% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.25 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.