Comparison between Manipal Payment and Identity Solutions IPO and Shadowfax Technologies IPO.
Manipal Payment and Identity Solutions IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Shadowfax Technologies IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Manipal Payment and Identity Solutions IPO is up to ₹0.00 Cr whereas the issue size of the Shadowfax Technologies IPO is up to ₹1,907.27 Cr. The final issue price of Manipal Payment and Identity Solutions IPO is and of Shadowfax Technologies IPO is ₹124.00 per share.
| Manipal Payment and Identity Solutions IPO | Shadowfax Technologies IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹118.00 per share | |
| Issue Price (Upper) | ₹124.00 per share | |
| Issue Price (Final) | ₹124.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 120 shares | |
| Fresh Issue Size | 0 shares | 8,06,45,160 shares |
| Fresh Issue Size (Amount) | up to ₹400.00 Cr | up to ₹1,000.00 Cr |
| OFS Issue Size | 1,75,00,000 shares | 7,31,66,854 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹907.27 Cr |
| Issue Size Total | 0 shares | 15,38,12,014 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹1,907.27 Cr |
Manipal Payment and Identity Solutions IPO opens on , while Shadowfax Technologies IPO opens on Jan 20, 2026. The closing date of Manipal Payment and Identity Solutions IPO and Shadowfax Technologies IPO is , and Jan 22, 2026, respectively.
| Manipal Payment and Identity Solutions IPO | Shadowfax Technologies IPO | |
|---|---|---|
| Anchor Bid Date | Jan 19, 2026 | |
| Issue Open | Jan 20, 2026 | |
| Issue Close | Jan 22, 2026 | |
| Basis Of Allotment (Tentative) | Jan 23, 2026 | |
| Initiation of Refunds (Tentative) | Jan 27, 2026 | |
| Credit of Share (Tentative) | Jan 27, 2026 | |
| Listing date (Tentative) | Jan 28, 2026 | |
| Anchor Lockin End date 1 | Feb 21, 2026 | |
| Anchor Lockin End date 2 | Apr 22, 2026 |
Manipal Payment and Identity Solutions IPO P/E ratio is , as compared to Shadowfax Technologies IPO P/E ratio of 1017.96.
| Manipal Payment and Identity Solutions IPO | Shadowfax Technologies IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)Manipal Payment & Identity Solutions Ltd.'s revenue increased by 1% and profit after tax (PAT) rose by 13% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)
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| Promoter Shareholding (Pre-Issue) | 62.10 | 19.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 16.49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 1017.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7168.85 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 55.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 33.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.76 | 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹0.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 45.54 | 0.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Manipal Payment and Identity Solutions IPO Retail Individual Investors (RII) are offered 0 shares while in Shadowfax Technologies IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Manipal Payment and Identity Solutions IPO and 4,60,22,638 shares in Shadowfax Technologies IPO.
| Manipal Payment and Identity Solutions IPO | Shadowfax Technologies IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 6,90,33,955 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 0 shares | 4,60,22,638 shares |
| NII | 0 shares | 2,30,11,318 shares |
| RII | 0 shares | 1,53,40,878 shares |
| Employee | 0 shares | 4,03,225 shares |
| Others | ||
| Total | 0 shares | 15,38,12,014 shares |
Manipal Payment and Identity Solutions IPO subscribed in total, whereas Shadowfax Technologies IPO subscribed 2.86x.
| Manipal Payment and Identity Solutions IPO | Shadowfax Technologies IPO | |
|---|---|---|
| QIB (times) | 4.00x | |
| NII (times) | 0.88x | |
| Big NII (times) | 0.66x | |
| Small NII (times) | 1.33x | |
| RII (times) | 2.43x | |
| Employee (times) | 2.17x | |
| Other (times) | ||
| Total (times) | 2.86x |
