Manba Finance IPO Subscribed Over 224 Times: How to Check Allotment Status
Delhi News
The IPO of non-banking financial company (NBFC) Manba Finance has garnered overwhelming support from investors. The issue, which opened for bidding on September 23 and closed on September 25, 2024, saw a massive oversubscription of more than 224 times. The allotment status for the IPO is expected to be finalized today, September 26, and investors can check if they’ve been allotted shares using simple online methods.
Investor Response and Subscription Details
According to data from the National Stock Exchange (NSE), Manba Finance’s IPO received bids for an impressive 1,97,14,04,875 shares against the offer size of 87,99,000. The oversubscription figures indicate strong demand across various investor categories:
- Non-Institutional Investors (NII): The NII segment saw the highest interest, with a subscription rate of 511.62 times.
- Qualified Institutional Buyers (QIB): QIBs subscribed to the issue 148.55 times.
- Retail Individual Investors (RII): Retail investors also showed strong interest, with the segment being subscribed 143.95 times.
Price Band and IPO Details
The price band for the Manba Finance IPO was set at ₹114 to ₹120 per share. With such overwhelming demand, many retail and institutional investors are eager to know if they have been allotted shares in this heavily oversubscribed IPO.
How to Check Manba Finance IPO Allotment Status
You can check whether you’ve been allotted shares of Manba Finance through two main methods:
- Through the Registrar’s Website:
- Visit the website of the registrar responsible for managing the IPO allotment process. For Manba Finance, this information is typically available on the registrar’s portal.
- To check your allotment status, enter the required details, such as your PAN, application number, or DP/Client ID.
- Through BSE (Bombay Stock Exchange):
- Go to the BSE website and navigate to the “Equity” section under “Status of Issue Application.”
- Select “Manba Finance IPO” from the dropdown menu.
- Enter your application number or PAN, and hit “Search” to view your allotment status.
These easy-to-follow methods will help investors determine if they have received shares in this highly anticipated IPO. With such intense demand, Manba Finance’s IPO has significantly impacted the market, and investors are eager to see how the company performs post-listing.
Amazing! Who is this company whose IPO got subscribed 224 times, and investors filled the pockets
Manba Finance IPO: By the last day, Manba Finance Limited’s IPO had been subscribed 224.05 times. It received a massive response from all investor categories. A total of 1,97,14,04,875 shares were bid, while 87,99,000 equity shares were offered. Non-institutional investors and qualified institutional buyers also subscribed heavily to it.
New Delhi: Investors have welcomed Manba Finance Limited’s IPO. By the last day of bidding on Wednesday, it had received more than 224.05 times subscriptions. All types of investors participated enthusiastically in the IPO, which proved to be very popular among investors. Manba Finance Limited is a financial company that mainly provides loans for two-wheelers. The company’s IPO was open for subscription on September 23, 2024.
According to stock exchange data, the company had issued 87,99,000 equity shares at a price band of Rs 114-120. In comparison, bids were received for 1,97,14,04,875 shares. This means the IPO received a total subscription of 224 times.
Great responses were received from every category.
The non-institutional investor and qualified institutional buyer categories received massive bids of 511.62 times and 148.55 times, respectively. At the same time, retail investors also enthusiastically participated in the IPO. This category received a subscription of 143.95 times, which shows the success of the IPO.
Where does the company provide services?
Manba Finance Limited is primarily based in Mumbai, but it also provides its services in other cities. To provide maximum facilities to customers, Manba Finance Limited partners with different banks and financial institutions.
Manba Finance IPO Subscribed 224 Times: A Massive Hit Among Investors
The IPO of Manba Finance Limited has taken the market by storm, receiving a subscription of 224.05 times by the close of bidding. The overwhelming response came from all investor categories, showcasing the popularity of this financial services company. A total of 1,97,14,04,875 shares were bid for, compared to the 87,99,000 equity shares offered.
Strong Interest Across Investor Categories
Manba Finance’s IPO, which opened on September 23, 2024, attracted significant attention from investors. The non-institutional investor (NII) category was subscribed a remarkable 511.62 times, while qualified institutional buyers (QIBs) subscribed 148.55 times. Retail investors also showed great enthusiasm, with this category receiving a subscription of 143.95 times.
About Manba Finance
Manba Finance Limited is a Mumbai-based non-banking financial company (NBFC) primarily focused on providing two-wheeler loans. The company partners with various banks and financial institutions to offer comprehensive financial services across several cities.
The IPO was offered in a price band of ₹114-120 per share, and its immense interest highlights the company’s growth potential and strong investor confidence. Manba Finance has made a significant mark in the financial market with massive oversubscriptions.