Neutral impactIPO
Manipal Payment IPO closes today: Issue 31% subscribed on Day 2; check GMP
CNBC-TV18 1 hr ago·11 Sept 2026, 2:14 am
The initial public offering (IPO) for Manipal Payment Systems is set to close today. The company, which provides digital payment and IoT solutions to banks and government entities, has received a subscription of 31% on the second day of bidding. This indicates moderate interest from investors, though it falls short of the high demand seen in other recent listings.
For investors, this IPO matters as it offers a chance to invest in a company that is part of the growing digital infrastructure sector. The stock's price in the grey market, or GMP, is a key indicator of how the listing might perform. A high GMP suggests the listing could be profitable, while a low or negative GMP might signal a flat debut.
Investors should watch the final subscription numbers and the GMP closely. A strong subscription in the final day and a rising GMP could boost the stock price on listing. Conversely, a weak response might put pressure on the stock's opening price.
Excerpt from CNBC-TV18
Manipal Payment provides payment, identification, security, smart-tagging and Internet of Things (IoT) solutions to banks, fintech companies, non-banking financial companies (NBFCs) and government entities in India and overseas. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com…Read the original at CNBC-TV18
Key takeaways
- Category: IPO.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
