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Manipal Payment & Identity Solutions IPO Subscription Status

Q: What is the current subscription status of Manipal Payment & Identity Solutions IPO?

As of IPO close date (11 Sep, 2026), the Manipal Payment & Identity Solutions IPO is subscribed 1.42x times. Retail category is 2.19x, and NII is 1.22x subscribed.

Q: When is the allotment date for Manipal Payment & Identity Solutions IPO?

The allotment for Manipal Payment & Identity Solutions IPO is expected to be finalized on 15 September, 2026.

Q: What is the GMP of Manipal Payment & Identity Solutions?

The Grey Market Premium (GMP) for Manipal Payment & Identity Solutions is currently ₹-6, indicating a potential listing gain of -1.77%.

Q: When will Manipal Payment & Identity Solutions IPO list on the stock market?

Manipal Payment & Identity Solutions is scheduled to list on BSE and NSE on 17 September, 2026.

Q: What are the chances of getting allotment in Manipal Payment & Identity Solutions IPO?

The retail category is oversubscribed at 2.19x, meaning allotment is by lottery. Statistically, approximately 1 in 3 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

Q: What does QIB subscription of 1.26x mean for Manipal Payment & Identity Solutions IPO?

Moderate — QIBs have subscribed 1.26x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

Q: How to check Manipal Payment & Identity Solutions IPO allotment status?

After the allotment date (15 Sep, 2026), you can check your Manipal Payment & Identity Solutions IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Manipal Payment & Identity Solutions IPO was subscribed 1.42 times when bidding closed on 11 Sep 2026: QIB 1.26x, NII 1.22x, Retail 2.19x.

The Manipal Payment & Identity Solutions IPO has been subscribed 1.42x times overall. Retail investors have shown interest with bids for 2.19x the shares available. The Non-Institutional Investor (NII) category has been subscribed 1.22x. Within NII, Big HNI (B-HNI) subscribed 1.24x and Small HNI (S-HNI) subscribed 1.18x. Qualified Institutional Buyers (QIBs) have subscribed 1.26x. Data last updated on 17 Sep, 06:31 PM.

The IPO subscription period has ended. The issue opened on 09 Sep, 2026 and closes on 11 Sep, 2026. The shares are expected to list on stock exchanges on 17 Sep, 2026.

Full details Check GMP

Final subscription

1.42x

97,167 applications

Category-wise bids →

QIB

1.26x

Institutions · proportionate allotment

Why QIB matters →

NII / HNI

1.22x

bNII 1.24x · sNII 1.18x

HNI allotment odds →

Retail

2.19x

Lottery for 1 lot — about 1 in 3

Retail allotment odds →

Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated 17 Sep 2026, 6:31 PM IST Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.

Category	Offered	Applied	Amount (Cr)	Bid details	Times
QIB	71,23,895	89,64,164	303.89 Cr	89,64,164 of 71,23,895 22 applications 303.89 Cr	1.26x
1(a) Foreign Institutional Investors (FIIs)		18,84,960	63.90 Cr	18,84,960 63.90 Cr
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)		0	0.00 Cr	0 0.00 Cr
1(c) Mutual Funds		60,17,528	203.99 Cr	60,17,528 203.99 Cr
1(d) Others		10,61,676	35.99 Cr	10,61,676 35.99 Cr
NII	35,61,946	43,46,144	147.33 Cr	43,46,144 of 35,61,946 2,552 applications 147.33 Cr	1.22x
2.1 Big NII — bid amount above ₹10 Lakh	23,74,631	29,40,828	99.69 Cr	29,40,828 520 applications 99.69 Cr	1.24
2.1(a) Corporates		10,86,976	36.85 Cr	10,86,976 36.85 Cr
2.1(b) Individuals (other than RIIs)		17,81,120	60.38 Cr	17,81,120 60.38 Cr
2.1(c) Others		72,732	2.47 Cr	72,732 2.47 Cr
2.2 Small NII — bid amount ₹2–10 Lakh	11,87,315	14,05,316	47.64 Cr	14,05,316 2,032 applications 47.64 Cr	1.18
2.2(a) Corporates		16,940	0.57 Cr	16,940 0.57 Cr
2.2(b) Individuals (other than RIIs)		13,48,512	45.71 Cr	13,48,512 45.71 Cr
2.2(c) Others		39,864	1.35 Cr	39,864 1.35 Cr
Retail	23,74,631	52,02,296	176.36 Cr	52,02,296 of 23,74,631 94,593 applications 176.36 Cr	2.19x
TOTAL	1,30,60,472	1,85,12,604	627.58 Cr	1,85,12,604 97,167 applications 627.58 Cr	1.42x

Manipal Payment & Identity Solutions IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹339.

Applications

97,203

Allottees

56,473

Overall odds

1 in 1.7

Amount collected

₹1,017 Cr

Category	AppsApplications	Shares Applied	Shares Allotted	GotAllottees	Odds
QIB 1.16x subscribed	58	2,06,48,188 ₹699 Cr	1,78,09,736 1.16x subscribed	58	AllAll allotted
Ex. Anchor Ex. Anchor	22	89,49,600	71,23,895 · 1.26x	22	AllAll allotted
Anchor Anchor Investors	36	1,16,98,588	1,06,85,841 · 1.09x	36	AllAll allotted
NII (HNI) 1.21x subscribed	2,552	42,93,080 ₹145 Cr	35,61,946 1.21x subscribed	2,447	1 in 1.01 in 1.0
bNII >₹10L bNII — above ₹10 Lakh	520	29,19,796	23,74,631 · 1.23x	520	AllAll allotted
sNII <₹10L sNII — below ₹10 Lakh	2,032	13,73,284	11,87,315 · 1.16x	1,927	1 in 1.11 in 1.1
Retail 2.14x subscribed	94,593	50,77,776 ₹172 Cr	23,74,631 2.14x subscribed	53,968	1 in 1.81 in 1.8
TOTAL 1.26x subscribed	97,203	3,00,19,044	2,37,46,313 1.26x subscribed	56,473	1 in 1.71 in 1.7

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 45.7% for a single lot.

Caution Advised

The stock is trading at a discount (-1.77%) in the grey market, signaling potential listing at or below the issue price.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date	Total	QIB	BHNI	SHNI	Retail
11 Sep 2026 Day 3	1.42x	1.26x	1.24x	1.18x	2.19x	▼
QIB1.26x BHNI1.24x SHNI1.18x Retail2.19x
10 Sep 2026 Day 2	0.31x	0.03x	0.2x	0.34x	1.22x	▼
QIB0.03x BHNI0.2x SHNI0.34x Retail1.22x
09 Sep 2026 Day 1	0.17x	-	0.11x	0.18x	0.73x	▼
QIB- BHNI0.11x SHNI0.18x Retail0.73x

Manipal Payment & Identity Solutions IPO dates

From the bidding window to listing. Today is 20 October.

Key dates Listed

Open 09 Sep 2026
Close 11 Sep 2026
Allotment 15 Sep 2026
Refund/credit 16 Sep 2026
Listing 17 Sep 2026

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	MOTILAL OSWAL SMALL CAP FUND	MOTILAL OSWAL MUTUAL FUND	1179904	₹40.00 Cr	11.04%	4.97%
2	ABAKKUS EMERGING OPPORTUNITIES FUND I	ABAKKUS	884884	₹30.00 Cr	8.28%	3.73%
3	CSIM INDIA OPPORTUNITIES FUND I	CSIM INDIA	591096	₹20.04 Cr	5.53%	2.49%
4	NEW MARK CAPITAL AIF LLP	NEW MARK CAPITAL	575212	₹19.50 Cr	5.38%	2.42%
5	SAGEONE-FLAGSHIP GROWTH OE FUND	SAGEONE-FLAGSHI	575212	₹19.50 Cr	5.38%	2.42%
6	SANSHI FUND-I	SANSHI	575212	₹19.50 Cr	5.38%	2.42%
7	ALCHEMY EMERGING LEADERS OF TOMORROW	ALCHEMY	575212	₹19.50 Cr	5.38%	2.42%
8	GIRIK MULTICAP GROWTH EQUITY FUND-III	GIRIK CAPITAL	575212	₹19.50 Cr	5.38%	2.42%
9	NEO PRIME FUND	NEO	295548	₹10.02 Cr	2.77%	1.24%
10	EDELWEISS LIFE INSURANCE CO.LTD.	EDELWEISS LIFE INSURANCE	295548	₹10.02 Cr	2.77%	1.24%
11	ABAKKUS FLEXI EDGE FUND 1	ABAKKUS	295020	₹10.00 Cr	2.76%	1.24%
12	ABUNDANTIA CAPITAL VCC-ABUNDANTIA CAPITAL III	ABUNDANTIA	279664	₹9.48 Cr	2.62%	1.18%
13	GROWW MULTICAP FUND	GROWW MUTUAL FUND	236060	₹8.00 Cr	2.21%	0.99%
14	GROWW SMALL CAP FUND	GROWW MUTUAL FUND	235972	₹8.00 Cr	2.21%	0.99%
15	BARODA BNP PARIBAS MULTI CAP FUND	BARODA BNP PARIBAS MUTUAL FUND	224444	₹7.61 Cr	2.10%	0.95%
16	BARODA BNP PARIBAS SMALL CAP FUND	BARODA BNP PARIBAS MUTUAL FUND	224444	₹7.61 Cr	2.10%	0.95%
17	ALPHA ALTERNATIVES FINANCIAL SERVICES PVT.LTD.	ALPHA ALTERNATIVES	213421	₹7.23 Cr	2.00%	0.90%
18	MINT FOCUSED GROWTH FUND PCC-CELL 1	MINT FOCUSED	213421	₹7.23 Cr	2.00%	0.90%
19	NOMURA SINGAPORE LTD.	NOMURA	213421	₹7.23 Cr	2.00%	0.90%
20	MORGAN STANLEY ASIA (SINGAPORE) PTE.	MORGAN STANLEY	213421	₹7.23 Cr	2.00%	0.90%
21	CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD.	CITIGROUP	213421	₹7.23 Cr	2.00%	0.90%
22	BARODA BNP PARIBAS BANKING & FINANCIAL SERVICES FUND	BARODA BNP PARIBAS MUTUAL FUND	203412	₹6.90 Cr	1.90%	0.86%
23	BARODA BNP PARIBAS INNOVATION FUND	BARODA BNP PARIBAS MUTUAL FUND	177188	₹6.01 Cr	1.66%	0.75%
24	BARODA BNP PARIBAS FLEXI CAP FUND	BARODA BNP PARIBAS MUTUAL FUND	177188	₹6.01 Cr	1.66%	0.75%
25	BARODA BNP PARIBAS VALUE FUND	BARODA BNP PARIBAS MUTUAL FUND	173228	₹5.87 Cr	1.62%	0.73%
26	ECL FINANCE LTD.	EDELWEISS	147671	₹5.01 Cr	1.38%	0.62%
27	PRANITYA INDIA OPPORTUNITIES FUND	EQUINOVA INVESTMENT TRUST	147671	₹5.01 Cr	1.38%	0.62%
28	SVAN VELOCITY FUND	SVAN INVESTMENT	147671	₹5.01 Cr	1.38%	0.62%
29	EMERGE CAPITAL OPPORTUNITIES SCHEME	EMERGE CAPITAL OPPORTUNITIES SCHEME	147671	₹5.01 Cr	1.38%	0.62%
30	ITI ELSS TAX SAVER FUND	ITI MUTUAL FUND	143792	₹4.87 Cr	1.35%	0.61%
31	ITI MID CAP FUND	ITI MUTUAL FUND	143792	₹4.87 Cr	1.35%	0.61%
32	ITI BANKING & FINANCIAL SERVICES FUND	ITI MUTUAL FUND	115060	₹3.90 Cr	1.08%	0.48%
33	ITI BALANCED ADVANTAGE FUND	ITI MUTUAL FUND	115060	₹3.90 Cr	1.08%	0.48%
34	GROWW BANKING & FINANCIAL SERVICES FUND	GROWW MUTUAL FUND	58960	₹2.00 Cr	0.55%	0.25%
35	ITI BUSINESS CYCLE FUND	ITI MUTUAL FUND	57508	₹1.95 Cr	0.54%	0.24%
36	GROWW MUTUAL FUND - VALUE FUND	GROWW MUTUAL FUND	44220	₹1.50 Cr	0.41%	0.19%
	TOTAL		10,685,841	₹362.25 Cr	100.01%

Manipal Payment & Identity Solutions IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)

1 in 2

~57.1% chance per PAN — 94,593 applicants for 53,968 allotment slots. Winners get exactly 1 lot (₹14,916) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 in 2

~94.8% chance — 2,032 applicants for 1,927 allotment slots. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 in 2

~80.6% chance — based on 1.24x subscription. Lottery allots the minimum B-HNI application of 68 lots (₹10.1 L) per winner; the rest is proportionate.

QIB (institutions)

1.26x

Proportionate allotment — at 1.26x, institutions receive ~79.4% of their bid. No lottery; not open to individual investors. Moderate institutional demand.

Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Manipal Payment & Identity Solutions IPO?

As of IPO close date (11 Sep, 2026), the Manipal Payment & Identity Solutions IPO is subscribed 1.42x times. Retail category is 2.19x, and NII is 1.22x subscribed.

When is the allotment date for Manipal Payment & Identity Solutions IPO?

The allotment for Manipal Payment & Identity Solutions IPO is expected to be finalized on 15 September, 2026.

What is the GMP of Manipal Payment & Identity Solutions?

The Grey Market Premium (GMP) for Manipal Payment & Identity Solutions is currently ₹-6, indicating a potential listing gain of -1.77%.

When will Manipal Payment & Identity Solutions IPO list on the stock market?

Manipal Payment & Identity Solutions is scheduled to list on BSE and NSE on 17 September, 2026.

What are the chances of getting allotment in Manipal Payment & Identity Solutions IPO?

The retail category is oversubscribed at 2.19x, meaning allotment is by lottery. Statistically, approximately 1 in 3 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 1.26x mean for Manipal Payment & Identity Solutions IPO?

Moderate — QIBs have subscribed 1.26x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Manipal Payment & Identity Solutions IPO allotment status?

After the allotment date (15 Sep, 2026), you can check your Manipal Payment & Identity Solutions IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore Manipal Payment & Identity Solutions IPO further

Track every stage of this IPO, from subscription to listing.

01 Next step

IPO details

It has listed — go back to the fundamentals.

₹322 to ₹339

Read the full profile

GMP today

Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.

GMP ₹-6 (-1.77%)

See the grey market

IPO review

What brokers and analysts are saying about this issue, in one place.

Apply · 5 reviews

See the verdicts

Allotment status

Check with your PAN whether shares were credited to your demat account.

Allotment out · 15 Sep

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total

1.42x

QIB

1.26x

NII

1.22x

Retail

2.19x

Full IPO details