Manipal Payment and Identity Solutions Limited IPO

Incorporated in February 2008, Manipal Payment & Identity Solutions Limited is part of The Manipal Group and provides payment, identification, secure, smart tagging and Internet of Things (IoT) solutions to banks, fintechs, NBFCs and governments across domestic and international markets. Its payment offerings include payment cards, cheque solutions, NFC/QR-based solutions, payment-enabled wearables and digital automation. Identification solutions comprise driving licences, registration certificates, national identity cards and transit management solutions, while secure solutions include secure logistics, document personalisation, tamper-evident envelopes, holograms and coated products. The Company also provides RFID, IoT and anti-counterfeiting solutions. It served over 220 customers during the three months ended June 30, 2025 and operated through 10 facilities across India. Its customers include leading public and private sector banks and fintechs such as State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Airtel Payments Bank. The Company exports payment cards to several international markets and operates 10 facilities across India, along with five Central Cards Processing Centres supporting driving licence and registration certificate issuance.