Manipal Payment & Identity Solutions lists at 2% discount to IPO price

Manipal Payment & Identity Solutions made a weak stock market debut after its Rs 805-crore IPO was subscribed 1.26 times overall. The shares opened at a discount to the issue price on both the BSE and NSE. The IPO comprised a fresh issue and an offer for sale, with proceeds earmarked primarily for capital expenditure across the company’s manufacturing facilities.