Manipal Payment & Identity Solutions Limited

Manipal Payment & Identity Solutions Limited is a major Indian manufacturer and provider of secure payment, identification, and smart card solutions. The company operates across physical card manufacturing, document security, micro-merchant acquisition, and IoT enablement for leading financial institutions, public sector undertakings, and government agencies. With 10 specialized manufacturing facilities and 19 operational centers spanning 11 Indian cities, the firm delivers end-to-end personalization and fulfillment services. Its product lines encompass EMV debit and credit cards, prepaid payment instruments, RFID tags, national identity credentials, and electronic cheque clearing infrastructure. The enterprise leverages extensive institutional relationships to expand its domestic market share while delivering export solutions across international regions including the Middle East, Africa, and Europe. Backed by security certifications, it focuses on automated high-speed production and chip-embedding capabilities.

Manipal Payment & Identity Solutions Limited raised Rs 362.25 crore through its anchor placement on September 8, 2026, allocating 10,685,841 equity shares at Rs 339 per share to 36 institutional investors including Motilal Oswal Mutual Fund, Abakkus Mutual Fund, ITI Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Life Insurance, Sageone Flagship Growth Fund, and Alchemy Emerging Markets Fund.