Neutral impactIPO
Manipal Payment & Identity Solutions IPO Day 2: Issue subscribed 17% so far. Check GMP, review - apply or not?
Livemint 5 hrs ago·10 Sept 2026, 3:19 am
The IPO of Manipal Payment & Identity Solutions saw a muted response on its second day of subscription. The issue was subscribed 17% as of the latest update, indicating a lukewarm interest from investors. This slow pace suggests that the retail segment is yet to fully embrace the offering, despite the company's established presence in the financial technology sector.
For investors, the low subscription level raises questions about the valuation and the company's growth prospects. While the company has a strong client base, the current market sentiment may be cautious. Investors should keep a close watch on the subscription numbers for the remaining days and the grey market premium to gauge the final listing price.
Going forward, the key factor to watch will be the final subscription figures and the grey market premium (GMP) on the day of listing. A significant jump in GMP could indicate a positive listing, whereas a flat or negative GMP might reflect the market's hesitation. Investors are advised to make an informed decision based on these factors.
Key takeaways
- Category: IPO.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
