Manba Finance IPO booked over 224 times, receives bid worth over ₹23,000 crore; check share allotment

Manba Finance Limited IPO share allotment status is expected to be finalised on Thursday, September 26.

Manba Finance IPO 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, are waiting for Manba Finance IPO share allotment status after the mainboard issue closed with a bumper subscription.

Investors can check the Manba Finance IPO share allotment status through the websites of the issue registrar, Link Intime India Private Ltd, and the NSE.

Steps to check Manba Finance IPO share allotment status on NSE

• Open the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with your username and password (You will have to create a new login if you are not registered on the NSE website)
• Choose ‘Manba Finance’ from the drop-down menu for issue names.
• Enter PAN details.
• Type in the IPO application Number.
• Click on the ‘I am not a Robot’ checkbox
• Hit the ‘Submit’ button.

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.

Here’s how to check Manba Finance IPO share allotment status on the registrar website

• Visit the Link Intime India Pvt Ltd using this link - https://www.linkintime.co.in/
• Navigate to the ‘Investor Services’ tab and select ‘Public Issues’
• From the drop-down menu, select Manba Finance
• Fill in any of these details- application No, DP/Client ID, PAN, or Account No / IFSC
• Click Submit to check the share allotment status

Manba Finance IPO subscription

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.

Manba Finance IPO details

Manba Finance IPO was worth ₹150.84 crore and consisted of a fresh issuance of 1.26 crore shares. The price band was fixed at ₹114 to ₹120 per share.

The minimum lot size for retail investors was fixed at 125 shares which aggregated to an investment of ₹15,000.

After finalising the share allotment status, Manba Finance Limited will transfer shares into the demat accounts of the successful bidders on Thursday, September 27.

Manba Finance IPO listing is scheduled for September 30. Shares of the non-banking finance company (NBFC) will be listed on both the NSE and BSE.

Manba Finance IPO objective

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.