Manipal Payment and Identity Solutions Ltd. IPO

We provide payments solutions, identifications solutions, secure solutions, and smart tagging and internet of things (“IOT”)solutions to banks, fintechs, non-banking finance companies and governments, across domestic and international jurisdictions. Incorporated on February 19, 2008, our Company is part of The Manipal Group. The Manipal Group commenced operations in 1948 as a printing company, under the name of Express Printers Private Limited, catering to the secured printing requirementsof banks in India and has since added products and services catering to customer requirements across various industries.

Our payment solutions primarily comprise payment cards, cheque solutions, near-field communication (“NFC”)/quickresponse (“QR”) codes, payment-enabled wearables, and digital automation solutions. Our identification solutions primarilycomprise driving licenses, registration certificates, national identity cards, among others, along with transit management solutions. Our secure solutions primarily comprise secure logistics, personalization of insurance policies, premium notices, renewal letters and marketing collaterals, along with security-enhanced packaging such as tamper-evident envelopes, holograms and coated products. Our smart tagging and IOT solutions primarily entail printing of excise labels with holograms andencrypted QR codes for various state excise departments, IOT and track and trace solutions with radio-frequency identification (“RFID”) tags, and anti-counterfeiting solutions.