Market News
3 min read | Updated on September 27, 2024, 09:02 IST
SUMMARY
Manba Finance launched its ₹150.8 crore IPO on September 23. After the successful bidding process, the IPO share allotment status is likely to be finalised by today. The company's shares are expected to be listed on both the NSE and BSE, with a tentative listing date set for September 30, 2024.
Manba Finance IPO allotment: Here’s how to check status online NSE, Link Intime India
Manba Finance Limited IPO share allotment status has been finalised. The public issue received a robust response from investors. The IPO was subscribed over 224 times aided by strong demand from Non Institutional Investors (NIIs).
The investors, who participated in the bidding can check the share allotment status on the registrar website, Link Intime India. Alternatively, investors can also check status on the exchange website.
It’s important to note that the IPO allotment details will appear on screen only after the company finalises the share allocation.
Alternatively you can also check the Manba Finance IPO share allotment status on the BSE website using PAN and application number.
Manba Finance IPO was booked over 511 times in the Non-Institutional Investors (NIIs) category, with demand for nearly 96.4 crore shares compared to 18.85 lakh shares reserved for the category. The retail portion of the IPO was booked 143.9 times, with applications for 63 crore shares compared to the allocation of 43.99 lakh shares.
The Qualified Institutional Buyers (QIBs) booked their quota 148.55 times with bids for over 37.34 crore shares compared to 25.14 lakh shares set aside for the category.
The company plans to use the proceeds of the public issue to meet future capital requirements of the companies.
Manba Finance India Limited, established in 1998, is an NBFC that offers vehicle loans for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), and electric three-wheelers (EV3Ws). The company also offers financing for used cars, small business loans, and personal loans.
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