Manipal Payment and Identity Solutions IPO Subscription Status
Final figures at close of bidding: 17 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 1.26x |
| NII | 1.22x |
| sNII (₹2L–₹10L) | 1.18x |
| bNII (above ₹10L) | 1.24x |
| Retail (RII) | 2.19x |
| Total | 1.42x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0x | 0.18x | 0.11x | 0.73x | 0.17x |
| Day 2 | 0.03x | 0.34x | 0.2x | 1.22x | 0.31x |
| Day 3 | 1.26x | 1.18x | 1.24x | 2.19x | 1.42x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Bidding in the Manipal Payment and Identity Solutions IPO ran across 3 recorded days: overall subscription stood at 0.17× at the close of day 1, read 0.31× at the end of day 2, and finished at 1.42× on day 3. On the final day it was retail investors driving the book, at 2.19× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 0.31× to 1.42×.
Category detail
Institutional demand closed at 1.26× of the QIB quota. Non-institutional investors came in at 1.22×, split 1.18× in the small-NII bucket (bids under ₹10 lakh) and 1.24× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 2.19× the shares reserved for them. That puts retail investors at the top of the book at 2.19× and non-institutional investors (NII) at the bottom at 1.22×.
What the multiple means for allotment
A retail multiple of 2.19× means bids in the category outnumbered the shares set aside for it roughly 2.19 times over. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 44 shares — ₹14,916 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Manipal Payment and Identity Solutions IPO open and close?
- The Manipal Payment and Identity Solutions IPO opens on 9 Sept 2026 and closes on 11 Sept 2026.
- How many times was the Manipal Payment and Identity Solutions IPO subscribed?
- The Manipal Payment and Identity Solutions IPO was subscribed 1.42 times in total across all investor categories.
- What is the reservation split in the Manipal Payment and Identity Solutions IPO?
- Of the total shares offered, retail investors get 10%, QIBs 30% (plus 45% anchor), non-institutional investors 15%.