Manba Finance IPO Allotment Expected Today : Check Your Status Online.

The initial public offering (IPO) of Manba Finance Ltd, a company that focuses on automobile loans, attracted a lot of attention from investors. Now that the bidding period has ended, everyone is waiting for the IPO allotment results, which are expected to be announced today, September 26.

Investors can check the status of their allotment for the Manba Finance IPO online on the BSE and NSE websites, or through the official platform of Link Intime India Private Ltd, the registrar managing the allotment process for Manba Finance.

Here’s How to Check the Manba Finance IPO Allotment Status Online:

Checking Allotment Status on the BSE Website:

1. Visit the BSE website at this link: BSE IPO Allotment.
2. Under ‘Issue Type,’ select ‘Equity.’
3. In the ‘Issue Name’ dropdown, choose ‘Manba Finance Limited.’
4. Enter your Application Number or PAN details.
5. Complete the verification by checking the ‘I am not a robot’ box, then click ‘Search.’
6. Your Manba Finance IPO allotment status will be displayed on the screen.

Also Read: How to Apply ? Prefr Personal Loan |

Checking Allotment Status on the Link Intime Website:

1. Visit the Link Intime website at this link: Link Intime IPO Registrar.
2. From the ‘Select Company’ dropdown, choose ‘Manba Finance Limited.’
3. Select your preferred option: PAN, Application Number, DP ID, or Account Number.
4. Enter the relevant details based on the option you chose.
5. Click ‘Search.’
6. Your allotment status will appear on the screen.

Checking Allotment Status on the NSE Website:

Investors can also check their share allotment online through the official NSE website using their application number or PAN details.

Manba Finance IPO Details

The Manba Finance IPO, valued at ₹150.84 crore, received a fantastic response from investors, with a subscription rate of 224.10 times. This means that investors wanted to buy many more shares than were available. The high interest was mainly from non-institutional investors (NIIs), with bids for over 197 crore shares, far exceeding the 87.99 lakh shares offered.

• The NII category was oversubscribed by an impressive 511.65 times.
• Qualified Institutional Buyers (QIBs) subscribed 148.55 times.
• Retail investors also showed strong interest with a subscription rate of 144.03 times.

The IPO included a fresh issuance of 1.26 crore shares, with a price range set between ₹114 and ₹120 per share. Retail investors needed to buy at least 125 shares, requiring a total investment of ₹15,000.

The Manba Finance IPO opened for bidding on September 23 and closed on September 25. After the allotment is finalized, refunds will be processed today. Investors can expect shares to be credited to their Demat accounts by September 27. The shares of Manba Finance Ltd. are set to be listed on the NSE and BSE on September 30.

The company plans to use the funds raised from the IPO to strengthen its capital base and support future needs.

About Manba Finance

Manba Finance Ltd., founded in 1998, provides financial solutions for purchasing new two-wheelers, three-wheelers, electric vehicles, used cars, small business loans, and personal loans. With branches in urban, semi-urban, and metropolitan areas, Manba Finance also serves rural regions and has partnered with over 1,100 dealers, including more than 190 electric vehicle dealers across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.

Next Story: