GENERAL10 Sept 2026
Manipal Payment & Identity Solutions IPO Day 2: Issue subscribed 17% so far. Check GMP, review - apply or not? | Stock Market News
Manipal Payment & Identity Solutions' ₹805 crore initial public offering (IPO) is in its second day, with bidding closing on 11 September and only about 17% subscribed so far. The price band is ₹322–339 per share. This matters if you plan to apply. The grey market premium is just ₹8, so the expected listing gain is small. Read the reviews first.
Key Statutory Highlights
- The IPO opened for bidding on 9 September and will close on 11 September, with the issue subscribed about 17% so far.
- The issue has a fresh issue of shares worth ₹320 crore and an offer for sale of up to 1.43 crore shares by promoter Manipal Technologies.
- SBI Securities gave the IPO a neutral rating, while Venture Securities gave it a subscribe rating.
Actionable Advice for Taxpayers / Founders:If you are thinking of applying, read both brokerage reviews and the risk factors in the offer documents before bidding. Nothing here is a recommendation or a promise of listing gains.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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