Manba Finance IPO 2024 Allotment Date Likely Today Latest GMP, Steps to Check Allotment Status Online

The highly anticipated allotment for the Manba Finance IPO is expected to take place today, September 26. Following a successful subscription period from September 23 to 25, investors are eagerly awaiting the announcement of allotment results. With the IPO generating significant interest, the upcoming days promise to be crucial for participants in this public offering.

Manba Finance IPO 2024

Manba Finance, an automobile loan company, has drawn attention with its robust subscription numbers, having been oversubscribed 224.10 times overall. The shares are set to be credited to the demat accounts of successful applicants by September 27, while refunds for unsuccessful bidders will also be initiated on the same day. As the IPO listing date approaches on September 30, investors are keenly monitoring the grey market premium (GMP) for insights into potential listing gains.

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Manba Finance IPO Allotment Status

DateEvent Description
September 26, 2024Expected IPO allotment date
September 27, 2024Shares credited to demat accounts
September 30, 2024IPO listing date on BSE and NSE

Manba Finance IPO Subscription Details

CategorySubscription Rate
Overall224.10 times
Retail Investors144.03 times
Qualified Institutional Buyers148.55 times
Non-Institutional Investors511.65 times

Manba Finance IPO Pricing

DetailInformation
Price Band₹114 to ₹120 per share
Total Amount Raised₹150.84 crore
Number of Shares Offered1.26 crore shares

Manba Finance IPO GMP

MetricValue
Current GMP₹60 per share
Estimated Listing Price₹180 per share (50% premium)
IPO Price₹120 per share

Steps to Check Allotment Status on BSE

Step No.Action
Visit BSE website at BSE India
Select ‘Equity’ in the Issue Type
Choose ‘Manba Finance Limited’ from dropdown
Enter Application No. or PAN
Click ‘Search’ after verifying CAPTCHA

Steps to Check Allotment Status on Link Intime

Step No.Action
Visit Link Intime at Link Intime
Choose ‘Manba Finance Limited’
Select among PAN, Application No., DP ID
Enter the required details
Click ‘Search’

Expected Timeline for IPO Process

EventDate
IPO Subscription PeriodSeptember 23-25, 2024
IPO Allotment AnnouncementSeptember 26, 2024
Shares CreditedSeptember 27, 2024
IPO Listing DateSeptember 30, 2024

Utilization of IPO Proceeds

PurposeDetails
Capital AugmentationMeeting future capital requirements
Growth InitiativesSupporting business expansion

Manba Finance Overview

CompanyInformation
NameManba Finance Ltd
SectorAutomobile Loans
RegistrarLink Intime India Private Ltd

Manba Finance IPO Key Highlights

MetricValue
Total Bids Received224.10 times
Retail Segment Bids144.03 times
QIB Segment Bids148.55 times
NII Segment Bids511.65 times

Recent Market Trends

Market TrendInsights
Grey Market ActivityStrong premium indicates positive sentiment
Investor InterestHigh demand observed during subscription

Manba Finance IPO Summary

The Manba Finance IPO is generating significant buzz, with allotment expected today. Investors are keen to check their status and understand potential listing gains. With impressive subscription numbers and a strong GMP, Manba Finance’s upcoming entry into the stock market is set to attract attention, making it a pivotal moment for both investors and the company.

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