Manipal Payment IPO Subscription
ListedUpdated 17 September 2026, 9:15 AM IST· Mainboard
Manipal Payment IPO subscription closed on 11 September 2026 at 1.42x overall by shares. QIB demand came in at 1.26x, NII at 1.22x, and retail at 2.19x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 15 September 2026. Listing date on NSE and BSE is 17 September 2026.
Manipal Payment IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 9 Sept 2026 | 0.00x | 0.13x | 0.73x | 0.17x |
| Day 2 - 10 Sept 2026 | 0.03x | 0.24x | 1.22x | 0.31x |
| Day 3 - 11 Sept 2026 | 1.26x | 1.22x | 2.19x | 1.42x |
Manipal Payment IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Manipal Payment IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 1.79x | 1 in 2 |
| SHNI (Rs 2L to Rs 10L) | 1.07x | 1 in 1 |
| BHNI (above Rs 10L) | 0.23x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Manipal Payment IPO Allotment Status page from 15 September 2026 for your result.
Manipal Payment IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 339.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 241.50 Cr | Rs 303.89 Cr | 1.26x |
| FII | - | Rs 63.90 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | Rs 203.99 Cr | - |
| Other | - | Rs 35.99 Cr | - |
| NII | Rs 120.75 Cr | Rs 147.33 Cr | 1.22x |
| bNII (above Rs 10L) | Rs 80.50 Cr | Rs 99.69 Cr | 1.24x |
| Corporate | - | Rs 36.85 Cr | - |
| Individual | - | Rs 60.38 Cr | - |
| Other | - | Rs 2.47 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 40.25 Cr | Rs 47.64 Cr | 1.18x |
| Corporate | - | Rs 57.43 L | - |
| Individual | - | Rs 45.71 Cr | - |
| Other | - | Rs 1.35 Cr | - |
| Retail | Rs 80.50 Cr | Rs 176.36 Cr | 2.19x |
| Cut-off price | - | Rs 155.09 Cr | - |
| Fixed price | - | Rs 21.27 Cr | - |
| Total | Rs 442.75 Cr | Rs 627.58 Cr | 1.42x |
Manipal Payment IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 71,23,894 | 36 | 0.00x |
| FII | - | 5 | - |
| DFI | - | - | - |
| Mutual Funds | - | 19 | - |
| Other | - | 12 | - |
| NII | 5,782 | 2,941 | 0.51x |
| bNII (above Rs 10L) | 3,855 | 881 | 0.23x |
| Corporate | - | 324 | - |
| Individual | - | 534 | - |
| Other | - | 23 | - |
| sNII (Rs 2L to Rs 10L) | 1,927 | 2,060 | 1.07x |
| Corporate | - | 22 | - |
| Individual | - | 1,976 | - |
| Other | - | 62 | - |
| Retail | 53,969 | 96,507 | 1.79x |
| Cut-off price | - | 84,608 | - |
| Fixed price | - | 11,899 | - |
| Total | 71,83,645 | 99,484 | 0.01x |
What Do These Subscription Numbers Mean?
1.42x overall by shares means bids covered about 1 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 1.26x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.51x by applications). Split: SHNI 1.07x, BHNI 0.23x by applications. SHNI and BHNI allotment is by lottery.
At 1.79x subscription by applications, about 1 in 2 retail applicants may get allotment (~56% chance per application). Retail allotment is also by lottery.
Manipal Payment IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 9 September 2026 |
| IPO Close Date | 11 September 2026 |
| Allotment Date | 15 September 2026 |
| Refund Initiation | 16 September 2026 |
| Share Credit to Demat | 16 September 2026 |
| Listing Date | 17 September 2026 |
| Minimum Investment | Rs 14,916.00 |
| Lot Size | 44 shares |
About Manipal Payment IPO
Formerly known as MCT Cards & Technology Limited, Manipal Payment and Identity Solutions Limited is India's largest banking and smart card manufacturer. The company provides comprehensive card services, spanning design, manufacturing, personalization, and delivery for public and private sector banks, fintech companies, and government departments. Beyond India, its operations extend globally across the UK, Europe, Asia-Pacific, and MEA regions, supported by 10 advanced facilities housing 19 production units across 11 cities.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Manipal Payment IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Manipal Payment IPO Details
Issue size, price, financials, and company info
Manipal Payment IPO GMP
Live grey market premium and listing estimate
Manipal Payment IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Manipal Payment IPO Allotment
Allotment date, chances, and check by PAN
Manipal Payment IPO Review
SWOT, strengths, risks, and IPO review
Manipal Payment IPO FAQ
Common questions on dates, GMP, and allotment
Manipal Payment IPO Registrar
Registrar website and how to check allotment
Manipal Payment IPO Timeline
Open, close, allotment, and listing dates
Manipal Payment IPO News
Updates, blogs, and latest IPO news
Manipal Payment IPO Subscription FAQs
What is Manipal Payment IPO subscription status today?
Manipal Payment IPO subscription closed on 11 September 2026 with overall subscription of 1.42x (by shares) as of 23 October 2026, 10:17 AM IST. QIB 1.26x, NII 0.51x, Retail 1.79x.
What is the overall subscription of Manipal Payment IPO?
Manipal Payment IPO is subscribed 1.42x overall by shares at close on 11 September 2026. QIB 1.26x, NII 0.51x, and Retail 1.79x.
What is Manipal Payment IPO QIB subscription?
Manipal Payment IPO QIB (Qualified Institutional Buyers) subscription is 1.26x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Manipal Payment IPO Retail subscription?
Manipal Payment IPO Retail subscription is 1.79x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Manipal Payment IPO NII, SHNI, and BHNI subscription?
Manipal Payment IPO NII subscription is 0.51x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 1.07x and BHNI (above Rs 10L) at 0.23x.
What are Manipal Payment IPO retail allotment chances?
At 1.79x subscription by applications, about 1 in 2 retail applicants may get allotment (~56% chance per application). Allotment is by lottery.
What are Manipal Payment IPO SHNI allotment chances?
At 1.07x subscription by applications, about 1 in 1 SHNI applicants may get allotment (~94% chance per application). Allotment is by lottery.
What are Manipal Payment IPO BHNI allotment chances?
Manipal Payment IPO BHNI share subscription is 1.24x. Application data is needed for exact lottery chances.
When is Manipal Payment IPO allotment date?
Manipal Payment IPO allotment date is 15 September 2026. Check Manipal Payment IPO Allotment Status on IPOwiz from that day using your PAN.
When does Manipal Payment IPO subscription close?
Manipal Payment IPO subscription closed on 11 September 2026. No new applications are accepted after the close.
What is Manipal Payment IPO GMP today?
Manipal Payment IPO GMP is ₹-6 today (-1.77% over issue price ₹339). See live GMP on the Manipal Payment IPO GMP Today page.
What is Manipal Payment IPO issue price and lot size?
Manipal Payment IPO issue price is ₹339 per share. Lot size is 44 shares. Minimum investment is ₹14,916 per lot. Issue size: ₹805.00 Cr.
When is Manipal Payment IPO listing date?
Manipal Payment IPO listing date is 17 September 2026 on NSE and BSE. Allotment is on 15 September 2026.
How does subscription affect Manipal Payment IPO allotment?
In Manipal Payment IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 1.42x overall, competition is moderate.
For allotment results from 15 September 2026, visit the Manipal Payment IPO Allotment Status page. For listing day updates on 17 September 2026, download the IPOwiz App.
Sources
We match Manipal Payment IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.