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Manipal Payment and Identity Solutions provides end-to-end card and identity services. Its own site says its card service covers creation, design, manufacturing and delivery to the end customer. The company manufactures banking and smart cards and serves banks, fintechs and government customers. Its manufacturing units are designed to produce cards in a secured environment. The company also operates card-personalisation facilities, and states that its supply-chain and logistics partners support packaging, fulfilment and dispatch. Its business therefore combines physical secure-card production with personalisation and fulfilment services. The company’s website identifies customers and partners in the United Kingdom, Europe, Asia-Pacific and MEA regions, and says it uses eco-friendly materials as part of its sustainability approach. Its public profile also lists manufacturing units and commercial offices in multiple Indian locations. Revenue is generated from supplying cards and associated personalisation, collateral, fulfilment and delivery services to institutional clients.
About this company
Manipal Payment & Identity Solutions Ltd (Manipal Cards), abbreviated MPISL, is an Indian company that manufactures and supplies secure payment and identity products. Part of the Manipal Group, the company was incorporated in 2008 and is headquartered in Manipal, Udupi, Karnataka. It produces EMV-compliant banking cards (debit, credit and prepaid cards on networks such as RuPay, Visa and Mastercard), government identity documents including Aadhaar and driving-licence cards, transit and access cards, and offers card personalisation, PIN-mailer and fulfilment services. MPISL operates on a business-to-business model, serving banks, government agencies, fintech firms and transit operators from manufacturing and personalisation facilities in Karnataka. The company filed a confidential draft red herring prospectus in June 2025 in connection with a proposed public offering. As an unlisted, pre-IPO security, its shares are not traded on a recognised stock exchange and therefore carry higher risk and lower liquidity than listed equity, and valuations may be infrequent and difficult to verify. This information is provided for general reference only and is not a recommendation to buy, sell or hold any security.
COMPANY REGISTRY · ON FILE
THE CREW · BOARD & MANAGEMENT
COMMON QUESTIONS.
Is Manipal Payment & Identity Solutions Ltd (Manipal Cards) listed on the stock exchange?+
No. As of 3 September 2026, Manipal Payment & Identity Solutions Ltd (Manipal Cards) is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.
What is the Manipal Payment & Identity Solutions Ltd (Manipal Cards) unlisted share price?+
As of 3 September 2026, the indicative unlisted share price of Manipal Payment & Identity Solutions Ltd (Manipal Cards) is ₹385 per share. This is an over-the-counter reference price, not a stock-exchange quote.
What indicative minimum amount is displayed for Manipal Payment & Identity Solutions Ltd (Manipal Cards) unlisted shares?+
The displayed unit count is 30 share(s); at the indicative price of about ₹385, the displayed amount is approximately ₹11,550. This is a display convention, not evidence of inventory, an order minimum or a quote.
What is the ISIN of Manipal Payment & Identity Solutions Ltd (Manipal Cards)?+
The recorded ISIN of Manipal Payment & Identity Solutions Ltd (Manipal Cards) is INE241U01028. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.
Is trading in Manipal Payment & Identity Solutions Ltd (Manipal Cards) unlisted shares legal in India?+
Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.
Is there a lock-in period for unlisted shares?+
A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.
Do you guarantee returns?+
No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.