Manba Finance IPO Allotment Status

Summary

Manba Finance IPO has received an exceptional response from investors, closing with an impressive subscription of 215.89 times by 25th September 2024 at 5:09:07 PM (Day 3). The public issue witnessed substantial demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with a subscription of 506.17 times, with big NIIs (bids above ₹10 lakh) subscribing 546.56 times and small NIIs (bids below ₹10 lakh) subscribing 425.38 times. The Qualified Institutional Buyers (QIB) portion demonstrated strong engagement, subscribing 148.55 times. The Retail Investors segment was subscribed 129.97 times.

The Anchor Investors portion was fully subscribed. This exceptional response across all categories underscores the positive market sentiment towards Manba Finance's offering and suggests optimistic investor expectations for the company's future performance.

How to Check Manba Finance IPO Allotment Status:

How do you Check Manba Finance IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Link Intime India Private Ltd (https://linkintime.co.in/initial_offer/)

Step 2: From the selection menu, choose Manba Finance IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Manba Finance IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Manba Finance IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Manba Finance Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Manba Finance IPO Timeline:

Manba Finance IPO Subscription Status

Manba Finance IPO received 215.89 subscriptions. By 25th September 2024 at 5:09:07 PM (Day 3), the public issue had been subscribed 129.97 times in the retail category, 148.55 times in the QIB category, and 506.17 times in the NII category.

Subscription Day 3 (as of 5:09:07 PM)
Total Subscription: 215.89 times
QIB: 148.55 times
NII: 506.17 times
bNII (bids above ₹10L): 546.56 times
sNII (bids below ₹10L): 425.38 times
Retail investors: 129.97 times

Subscription Day 2
Total Subscription: 73.65 times
QIB: 4.15 times
NII: 172.49 times
Retail investors: 71.01 times

Subscription Day 1
Total Subscription: 24.12 times
QIB: 2.36 times
NII: 43.34 times
Retail investors: 28.32 times

Manba Finance IPO Details 

Manba Finance's initial public offering (IPO) is a book built issue amounting to ₹150.84 crores. This offering consists of a fresh issue of 1.26 crore shares.

The bidding process for the Manba Finance IPO commenced on 23rd September 2024 and concluded on 25th September 2024. The allotment results for this IPO are anticipated to be finalised on 26th September 2024. Furthermore, the shares of Manba Finance are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 30th September 2024.

The Manba Finance IPO price band has been established between ₹114 and ₹120 per share. Investors must apply for a minimum lot size of 125 shares, which requires a minimum investment of ₹15,000 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 14 lots (1,750 shares), totalling ₹210,000. For big non-institutional investors (bNII), the minimum investment is 67 lots (8,375 shares), amounting to ₹1,005,000.

Hem Securities Limited serves as the book running lead manager for the Manba Finance IPO. Link Intime India Private Ltd is designated as the registrar for this offering.