Manipal Payment IPO lot size and price band
The Manipal Payment IPO lot size is 44 shares. At the upper price band of ₹339, one lot costs ₹14,916: that is the minimum investment.
A retail application can be for 1 to 13 lots (up to ₹1,93,908, under the ₹2 lakh retail limit). HNI (NII) applications start at 14 lots (₹2,08,824), and big HNI above ₹10 lakh at 68 lots.
The price band is ₹322 to ₹339. The final issue price is set inside it after bidding and was ₹339; the amount blocked is worked out at the upper end, so a lower final price releases the difference. At the lower end one lot would cost ₹14,168.
Manipal Payment IPO: how many shares to bid for
The smallest and largest bid in each category, at the upper price band. Enter the number of shares (or lots) shown.
| Category | Minimum bid | Maximum bid |
|---|---|---|
| Retail (up to ₹2 lakh) | 44 shares (1 lot), ₹14,916 | 572 shares (13 lots), ₹1,93,908 |
| Small HNI (₹2 lakh to ₹10 lakh) | 616 shares (14 lots), ₹2,08,824 | 2948 shares (67 lots), ₹9,99,372 |
| Big HNI (above ₹10 lakh) | 2992 shares (68 lots), ₹10,14,288 | no upper limit |
Manipal Payment IPO amount by number of lots
At the upper price band. Retail covers bids up to ₹2 lakh, small HNI above ₹2 lakh up to ₹10 lakh, big HNI above ₹10 lakh.
| Lots | Shares | Amount | Category |
|---|---|---|---|
| 1 | 44 | ₹14,916 | Retail |
| 2 | 88 | ₹29,832 | Retail |
| 3 | 132 | ₹44,748 | Retail |
| 4 | 176 | ₹59,664 | Retail |
| 5 | 220 | ₹74,580 | Retail |
| 6 | 264 | ₹89,496 | Retail |
| 8 | 352 | ₹1,19,328 | Retail |
| 10 | 440 | ₹1,49,160 | Retail |
| 13 | 572 | ₹1,93,908 | Retail |
| 14 | 616 | ₹2,08,824 | Small HNI |
| 68 | 2992 | ₹10,14,288 | Big HNI |
What lot size and price band mean
The lot size is the smallest number of shares you can bid for, and bids go up in whole lots. The price band is the range within which you can bid; most IPOs end up priced at its top.
Retail applicants can bid at the cut-off price, which means accepting whatever the final price is. The amount blocked is calculated at the top of the band.
Questions
What is the Manipal Payment IPO lot size?
44 shares per lot.
What is the minimum investment in the Manipal Payment IPO?
₹14,916: one lot of 44 shares at the upper price band.
How many lots can a retail investor apply for in Manipal Payment?
Up to 13 lots (₹1,93,908); one more lot would pass the ₹2 lakh retail limit.
What is the minimum HNI application in Manipal Payment?
14 lots, ₹2,08,824.
What is the Manipal Payment IPO price band?
₹322 to ₹339.
Learn more
- Lot size and price band explained
- How many lots to apply for
- The cut-off price
- What is the HNI category?
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Track your family’s Manipal Payment applications free — allotment checked at the registrar and emailed to you.
Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.