Manipal Payment & Identity Solutions Limited
PROSPECTUS · filed 21 Sept 2026
Manipal Payment & Identity Solutions Limited is a company that provides payment and identity solutions. The offer consists of a fresh issue of Rs 320 crore and an offer for sale of Rs 485 crore, with the offer for sale comprising 60.25% of the total issue. The company has a debt-to-equity ratio of 0 and a return on equity of 36.9%. A key risk is that the company's financial performance is highly dependent on the success of its strategic initiatives and the growth of the digital payments and identity verification markets.
What stands out
Low leverage. Debt-to-equity of 0.00x.
Healthy return on equity. ROE of 36.9%.
How the offer is structured
Fresh issue
₹320 Cr
New capital into the company
Offer for sale
₹485 Cr
Goes to selling shareholders
OFS share
60%
- Funding the capital expenditure requirements of our Company towards purchasing and setting up of new and second- hand equipment at (a) card manufacturing facility, personalization bureau and cheque printing facility in Manipal, Karnataka, (b) personalization bureau and cheque printing facility in Chennai, Tamil Nadu, Noida, Uttar Pradesh, and personalization bureau in Navi Mumbai, Maharashtra, (c) cheque printing facilities in Navi Mumbai, Maharashtra and Howrah, West Bengal, (d) central cards processing centers at Chhattisgarh RTO, and (e) Smart Tagging and IoT Solutions facility in Manipal, Karnataka (Capital Expenditure on Equipment)₹238 Cr
- General corporate purposes₹56.9 Cr
Promoters, litigation & related parties
Promoter (pre)
61.5%
Related-party
1.6%
Share of revenue
Except as disclosed in this section, there are no outstanding criminal proceedings, actions taken/penalties imposed by statutory and/or regulatory authorities, other pending litigation/arbitration proceeding determined to be material, or outstanding claims related to direct and indirect taxes involving the Company, Directors, Promoters, Subsidiaries, KMPs, SMPs, or Group Companies. There are no findings/observations of any inspections by SEBI or any other regulator involving the Company that are material. The text does not provide a count or total amount of litigation.
How this document reads, dimension by dimension
Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.