Manipal Payment and Identity Solutions IPO Subscription Update: Issue Subscribed 0.17x on Day 1
Information Subscription
Manipal Payment and Identity Solutions IPO on on the First day, received bids for 21,91,288 shares against 1,30,60,472 shares available for subscription, according to NSE data. The retail investor category was subscribed 0.73x, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 0.13x and 0.00x bids, respectively, at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| Sr. No. | Category | No. of Times of Total Meant for the Category |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 0.00x |
| 2 | Non-Institutional Investors | 0.13x |
| 3 | Retail Individual Investors (RIIs) | 0.73x |
| - | Total | 0.17x |
Overview & Purpose
Manipal Payment and Identity Solutions is raising Rs.805 crore through a combination of a Rs.320 crore fresh issue and an Offer for Sale (OFS) of Rs.485 crore. The IPO has a price band of Rs.322–Rs.339 per share, with a lot size of 44 shares.
The fresh issue proceeds will primarily be used to purchase and set up new and second-hand equipment, with the remaining funds allocated towards general corporate purposes.
Disclaimer: This content is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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