Manipal Cards IPO: Management Shares Growth Roadmap, Financial Outlook & Key Plans

Manipal Payment & Identity Solutions IPO is in focus as the company opens its issue for subscription. In this exclusive management conversation, ED & CEO Kukkundoor Girish Kini and CFO Ramanath Pai discuss the company’s business outlook, growth strategy and financial performance. The ₹805 crore IPO comprises a ₹320 crore fresh issue and a ₹485 crore offer for sale, with the price band set at ₹322–339 per share. We decode the company’s payment and identity solutions business, its presence across banks, fintechs, NBFCs and government clients, and its expanding product portfolio. The conversation also explores margins, profitability, capital expenditure plans, industry opportunities and the road ahead. Tune in as Manipal Cards management shares its strategy, priorities and outlook as the company enters the public markets.