New Delhi, Sept. 10 -- Manipal Payment & Identity Solutions IPO has entered its second day of bidding. The Rs.805 crore IPO received muted response from investors on the first day, with issue being subscribed over 17% so far.

The Manipal Payment & Identity Solutions IPO opened for bidding on 9 September and will close on 11 September.

The company has set the IPO price band at Rs.322-339 per equity share. The issue includes a fresh issue of shares worth Rs.320 crore and an Offer for Sale (OFS) of up to 1.43 crore shares, valued at Rs.485 crore, by promoter Manipal Technologies.

At the upper price band, the total IPO size is estimated at around Rs.805 crore, while the company's implied post-issue market capitalisation is expected to be a...