Can Manipal Payment and Identity Solutions IPO deliver long-term growth for high-risk investors?

Manipal Payment and Identity Solutions plans a ₹320 crore fresh issue for capacity expansion. The company's promoter stake will decrease to 53% after the initial public offering. Growing card issuance and demand for identity solutions are expected to benefit the business. However, potential regulatory changes in payments could increase compliance costs for the firm. The issue is deemed suitable for long-term investors with a higher risk tolerance.

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