Manipal Payment & Identity Solutions: IPO Proceeds Utilisation Report
Manipal Payment and Identity Solutions Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. Issued by Crisil Ratings Limited, the report details the utilization of proceeds from the company's Initial Public Offer (IPO). The IPO, which took place from September 09 to September 11, 2026, raised ₹3,200.00 million (gross proceeds). After deducting issue expenses of ₹246.78 million, the net proceeds amounted to ₹2,953.22 million. Crisil Ratings confirmed that there were no deviations from the stated objects of the issue. The report is in compliance with SEBI regulations.
Key Highlights
- Monitoring Agency Report for IPO proceeds utilization filed.
- No deviation from IPO objects reported by Crisil Ratings.
- IPO raised ₹3,200 million gross proceeds.
- Net proceeds after expenses were ₹2,953.22 million.
- Report covers utilization for the quarter ended September 30, 2026.
Price Impact
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