Manba Finance IPO: The book-building IPO of Rs 150.84 crore has finalised its allotment shares on September 27, and shareholders can view their application status online on BSE, NSE, and Link Intime website. The application status will give an idea of whether your bidding lot size for the IPO has been approved. Manbn Finance IPO is going to list on BSE and NSE on the last day of September. The latest GMP suggests a strong market debut.

Manba Finance IPO Allotment Status:

Investors can check the allotment status on BSE, NSE and LINK Intime websites.

To check the application status on Link Intime, click on the link below:

https://linkintime.co.in/initial_offer/public-issues.html

Once you click the link, you will be directed to a page asking for details of the company name. Select ‘Manba Finance’ in the company section. Further, select PAN, Application Number, DP/Client ID, Account No, or IFSC code as the option to view the status of the IPO. Click submit once the details are mentioned.

To check the application status on BSE, click on the link below:

https://www.bseindia.com/investors/appli_check.aspx

On the BSE website, select the issue type as ‘Equity’. Then select ‘MANBA Finance’ in the Issue Name section. Further, add the Application Number or PAN No and lastly click on ‘SEARCH’ to view the status of the allotment.

Manba Finance IPO Details:

Overall, the IPO subscribed 224.10 times on the final day of the bidding. From the total, the portion reserved for Non-Institutional Investors (NII) oversubscribed by 511.65x, followed by Retail Individual Investors (RIIs) portion that oversubscribed by 144.03x. Also, the Qualified Institutional Buyers (QIBs) portion subscribed by 148.55x.

The 100% book-building IPO opened on September 23 and closed on September 25. The IPO’s price band was at Rs 114 per share to Rs 120 per share.

Manba Finance IPO GMP:

As per Investor Grain, Manba Finance IPO’s last GMP is ₹56, last updated Sep 26th 2024 11:28 PM. With a price band of 120.00, Manba Finance IPO’s estimated listing price is ₹176 (cap price + today’s GMP). The expected percentage gain/loss per share is 46.67%.

Manba Finance IPO Listing:

The IPO is expected to list on September 30, 2024.

In its latest IPO note, Ventura Securities said that over the years, Manba Finance has demonstrated consistent growth, with its loan book expanding significantly. It has become a trusted name, especially in semi-urban and rural areas, thanks to its extensive network of branches and customer touchpoints.

Further, the brokerage added that with a strong focus on innovation and financial inclusion, the company continues to grow its market presence while maintaining a customer-friendly approach.

Also, the brokerage said, “The company finances around 85% of the value of the vehicle to be financed. Manba Finance faces risks such as the Inability to maintain relationships with our Dealers from whom we derive a significant portion of our New Vehicle Loans business.”

Manba Finance Limited, established in 1998, is a leading NBFC that primarily specializes in offering loans for two-wheeler vehicles (2Ws). It has also expanded into providing loans for three-wheeler vehicles (3Ws), electric three-wheelers (EV3Ws), electric two-wheelers (EV2Ws), used car loans, small business loans, and personal loans.

Story first published: Friday, September 27, 2024, 0:37 [IST]