Manba Finance IPO received the highest demand from Non-institutional investors, who bid for a whopping 511.65 times, followed by Qualified institutional buyers (QIBs) who bid for 148.55 times, and Retail individual investors (RIIs) who bid for 144.03 times, as per the data available on the NSE.

Manba Finance IPO allotment status

The shares of Manba Finance are scheduled to be allotted today. Once the allotment is finalized, investors can check the allotment status of the Manba Finance IPO by visiting the official websites of either BSE, NSE, or Link Intime, the registrar for the issue.

Alternatively, investors can use the following links to check the allotment status of Manba Finance IPO directly:

– Check Manba Finance IPO allotment status on BSE: https://www.bseindia.com/investors/appli_check.aspx

– Check Manba Finance IPO allotment status on Link Intime: https://linkintime.co.in/initial_offer/public-issues.html

– Check Manba Finance IPO allotment status on NSE: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Manba Finance IPO grey market premium (GMP)

The unlisted shares of Manba Finance continue to command a strong premium in the grey markets on Thursday. Manba Finance shares are currently trading at a premium of Rs 58 or 48.33 per cent over the upper band of the IPO price of Rs 120, according to several sources tracking grey market activities. This indicates a strong listing for Manba Finance shares on the bourses.

Manba Finance expected listing price

Following the allotment, shares of Manba Finance are expected to make their debut on the bourses on Monday, September 30, 2024, by listing on BSE and NSE. Should the current grey market premium hold, shares of Manba Finance may list around Rs 178 (Upper end of IPO price + GMP), a premium of nearly 49 per cent from the upper band of the issue price.

About Manba Finance

Manba Finance is a non-banking finance company (NBFC-BL), which offers financial solutions for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans, and personal loans. Manba Finance IPO comprised an entirely fresh issue of 12,570,000 shares. It was available at a price band of Rs 114-120, and a lot size of 125 shares. The subscription window remained open from Monday, September 23, 2024, till Wednesday, September 25, 2024.

The post Manba Finance IPO allotment today: Check status, GMP, likely listing price appeared first on The India Bizz Startup News Website.

The post Manba Finance IPO allotment today: Check status, GMP, likely listing price appeared first on The India Bizz Startup News Website.