Manba Finance IPO Allotment Status : Manba Finance IPO will be finalized on September 26, with the company expected to list on the BSE and the National Stock Exchange on September 30, 2024.
Investors responded well to Manba Finance Ltd IPO, which concluded on Wednesday. 224.10 times as many shares were subscribed, mostly by non-institutional investors.
The initial share sale of Rs 151 crore received bids for 1,97,18,34,875 shares, outperforming the 87,99,000 shares on offer.
Non-institutional investors received a significant subscription (511.65 times), while Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs) received subscriptions (148.55 times and 144.03 times respectively).
Manba Finance has launched an IPO, offering up to 1,25,70,000 equity shares at a price range of Rs 114-120 per share. The minimum application lot size is 125 shares.
Manba Finance has allotted 37.7 lakh shares at Rs 120 per share to eight anchor investors, raising Rs 45.25 crore before the IPO.
The Manba Finance IPO will be finalized on September 26 and the company is expected to list on the BSE and the National Stock Exchange on September 30.
Hem Securities Ltd. leads the Manba Finance IPO, with investors able to check allotment status on the registrar’s website and the BSE website, as well as the official IPO registrar’s website.
How To Check Manba Finance IPO Allotment Status On Link Intime
Check Manba Finance IPO Allotment Status Step by Step on Link Intime
- Visit the official website of Link Intime India https://linkintime.co.in/initial_offer/public-issues.html
- Choose ‘Manba Finance Limited‘ from the list of companies in the dropdown.
- Select either PAN, Application Number, DP/Client ID or Account Number/IFSC to verify your allotment status.
- Enter the required information based on your selection above
- To check your allotment status, simply click on the ‘Submit’ button.
How To Check Manba Finance IPO Allotment Status On BSE Website
Check Manba Finance IPO Allotment Status Step by Step On BSE.
- Visit the BSE official website –> https://www.bseindia.com/investors/appli_check.aspx
- Select the issue type as ‘Equity.’
- Choose ‘Manba Finance Limited’ from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Complete the ‘Captcha’ for verification.
- Click on the ‘Search’ button to view your allotment status.
Manba Finance IPO Dates :
- IPO Open Date: Monday, September 23
- IPO Close Date: Wednesday, September 25
- Basis of Allotment: Thursday, September 26
- Initiation of Refunds: Thursday, September 26
- Credit of Shares to Demat: Friday, September 27
- Listing Date: Monday, September 30
Manba Finance IPO GMP Today:
Manba Finance’s grey market premium is Rs 58, a 48.33% increase from its IPO price, as reported by Investorgain. The estimated listing price is Rs 178 per share, based on speculation, as the GMP is not an official price quote.
Manba Finance IPO Objective
The company proposes to utilize the Net Proceeds from the Issue towards augmenting our capital base to meet our Company’s future capital requirements.
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