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Manipal Payment cuts IPO to ₹805 crore, earmarks ₹238.4 crore for equipment
Manipal Payment and Identity Solutions set a Rs 322-339 IPO price band, reducing the issue to Rs 805 crore. It will use Rs 238.4 crore of fresh proceeds for equipment, supporting payment-card and identity-solution capacity expansion.
- IPO issue size
- ₹805 crore
- Fresh issue
- ₹320 crore
- Fresh proceeds earmarked for equipment spending
- ₹238.4 crore
Reported figures
From the report. Source details below
| Fresh issue: | Rs 320 crore |
|---|---|
| OFS: | 1.43 crore shares, valued at about Rs 485 crore at upper price band |
| Implied valuation: | about Rs 7,858 crore |
| Credit-card issuance market share: | 36.4% in FY2026 |
| Debit-card market share: | 30.9% in FY2026 |
| Minimum application: | 44 shares / Rs 14,916 |
| Maximum retail application: | Rs 1,93,908 |