Get the latest updates on Manba Finance IPO allotment status, including how to check your application and key details about the IPO.
The Manba Finance IPO allotment status is currently a hot topic among investors. The initial public offering (IPO) for Manba Finance Limited opened on September 23, 2024, and closed on September 25, 2024. With an overwhelming response, the IPO was subscribed over 224 times, indicating strong investor interest. This article provides essential information about the allotment process, how to check your status, and other relevant details.
Overview of Manba Finance IPO
Manba Finance Limited is a non-banking financial company (NBFC) that specializes in offering vehicle loans for two-wheelers, three-wheelers, and electric vehicles. The IPO aimed to raise โน150.84 crore through the issuance of fresh shares priced between โน114 and โน120 each. The retail portion alone saw a subscription of 143.95 times, while non-institutional investors (NIIs) subscribed 511.62 times.
Manba Finance IPO Details
| IPO Date | 23/09/2024 |
| Face Value | โน10 per share |
| Price Band | โน114 to โน120 INR / Share |
| Total Share | 12,570,000 shares (โน150.84 Cr) |
| Availabe | BSE, NSE |
| Shareholding (post issue) | 37,669,410 |
| Shareholding (post issue) | 50,239,410 |
How to Check Manba Finance IPO Allotment Status
Investors can check their Manba Finance IPO allotment status online through two primary platforms: the BSE website and Link Intime India Private Ltd. Here are the steps for both methods:
Checking on BSE Website
- Visit the BSE website.
- Click on ‘Equity’.
- Select ‘Manba Finance Limited’ from the dropdown list.
- Enter your application number and PAN card ID.
- Confirm you are not a robot and submit.
Checking on Link Intime Website
- Go to the Link Intime India Private Ltd website.
- Choose ‘Manba Finance Limited’.
- Select either Application Number, Demat Account, or PAN option.
- Enter your details and complete the Captcha.
- Click ‘SUBMIT’ to view your status.
Latest Updates on Allotment Status
As of today, September 26, 2024, the final allotment status is expected to be announced by late evening. Investors who participated in the bidding are eagerly waiting for this update. Once finalized, shares will be credited to successful applicants’ Demat accounts by September 27.
Grey Market Premium (GMP)
The latest Grey Market Premium (GMP) for Manba Finance shares stands at โน58, suggesting a projected listing price of around โน178 per share on the stock exchanges. This indicates an expected gain of approximately 48.33% from the upper end of the IPO price.
Importance of Allotment Status
Understanding your Manba Finance IPO allotment details is crucial for investors looking to track their investments effectively. The allotment process determines how many shares each applicant will receive based on demand and eligibility criteria.
Eligibility Requirements
To be eligible for allotment, investors must meet certain criteria:
- Submit applications within the specified period.
- Provide accurate PAN details.
- Adhere to the minimum lot size requirement of 125 shares.
Key Dates
| Date | Event |
|---|---|
| September 23, 2024 | IPO Subscription Opens |
| September 25, 2024 | IPO Subscription Closes |
| September 26, 2024 | Allotment Status Finalization |
| September 27, 2024 | Expected Credit of Shares |
| September 30, 2024 | Expected Listing Date |
Subscription Status Table
| Investor Category | Subscription Rate |
|---|---|
| Retail Investors | 143.95 times |
| Non-Institutional Investors (NIIs) | 511.62 times |
| Qualified Institutional Buyers (QIBs) | 320.48 times |
| Overall Subscription | 224 times |
Share Pricing Table
| Share Price Range | Amount (โน) |
|---|---|
| Lower Band | โน114 |
| Upper Band | โน120 |
| Total Issue Size | โน150.84 crore |
Grey Market Premium (GMP) Table
| Date | GMP (โน) | Expected Listing Price (โน) |
|---|---|---|
| September 26, 2024 | โน58 | โน178 |
Eligibility Requirements Table
| Requirement | Details |
|---|---|
| Minimum Lot Size | 125 shares |
| Application Period | September 23-25, 2024 |
| PAN Requirement | Must provide accurate PAN details |
Common Questions About Manba Finance IPO
Here are some frequently asked questions regarding the Manba Finance IPO allotment status:
When will I know if I received shares?
The allotment results are expected to be announced today.
How can I confirm my share allotment?
You can confirm your share allotment through the BSE or Link Intime websites as detailed above.
What happens if I do not receive any shares?
If you do not receive shares, your application money will be refunded shortly after the allotment process is complete.
The Manba Finance IPO allotment status is highly anticipated due to its significant oversubscription rates across different investor categories. With strong demand and promising market responses, this IPO presents an exciting opportunity for investors in India’s growing financial sector. Keep an eye on official channels for updates regarding your application status and prepare for potential gains when shares list on September 30, 2024.
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