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Manipal Payment sets ₹322–339 IPO price band for ₹805 crore issue

Manipal Payment set a ₹322-339 IPO price band for its ₹805-crore issue. Fresh proceeds will fund equipment at facilities including Manipal, Chennai and Navi Mumbai, supporting its payment-card, identification, NFC, QR, wearable and IoT solutions business.

Fresh issue is ₹320 crore and offer for sale ₹485 crore within the ₹805 crore IPO
  • Offer for sale (OFS) portion of IPO₹485 crore
  • Fresh issue portion of IPO₹320 crore
  • Total IPO size₹805 crore

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Reported figures

From the report. Source details below

  • 1.43 crore equity shares in OFS
  • ₹7,858 crore implied post-issue market capitalisation

Other figures

  • ₹320 crore fresh issue
  • ₹485 crore OFS

The source

Source Read the source at Outlook Business

Published

Also reported by The Hindu BusinessLine

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