Manba Finance IPO Allotment Status: How to Check, Grey Market Premium, and Listing Date
Manba Finance, a non-banking finance company (NBFC) offering loans for vehicles and small businesses, recently concluded its initial public offering (IPO) on September 25, 2024. The IPO, which aimed to raise ₹150.84 crore, received an overwhelming response from investors, with the issue being subscribed a staggering 224.10 times.
The IPO was open for bidding from September 23 to September 25, with a fixed price band of ₹114-120 per share and a lot size of 125 shares. The issue saw strong participation from various investor categories, with the non-institutional investors (NIIs) portion being subscribed 511.65 times, the qualified institutional buyers (QIBs) portion being subscribed 148.55 times, and the retail investors portion being subscribed 144.03 times.
As the IPO has now closed, investors are eagerly awaiting the announcement of the basis of allotment, which is expected to be finalized on Friday, September 26, 2024. Successful applicants will receive messages, alerts, or emails regarding the debit of their funds or revocation of their IPO mandate by Friday, September 24 or over the weekend.
Main Points
Manba Finance IPO GMP Today
As of today, September 26, 2024, the Grey Market Premium (GMP) for Manba Finance shares stands at ₹58. This indicates that the expected listing price could be around ₹178 per share if the upper price band is considered along with today’s GMP. This projection suggests a potential listing gain of approximately 48.33% for investors.
How to Apply for Manba Finance IPO
To apply for the Manba Finance IPO, investors needed to follow these steps:
- Select a Broker: Choose a broker that offers online trading services.
- Open an Account: If you don’t already have one, open a Demat and trading account.
- ASBA Process: Use the Application Supported by Blocked Amount (ASBA) process to apply.
- Fill in Details: Enter your application details and select the number of lots you wish to apply for.
- Confirm Payment: Ensure that sufficient funds are available in your bank account to cover the application amount.
How to Check Manba Finance IPO Allotment Status
Investors who participated in the Manba Finance IPO can check their allotment status using the following methods:
- BSE Website:
- Visit the BSE website using this link: https://www.bseindia.com/investors/appli_check.aspx
- Under ‘Issue Type,’ select ‘Equity’
- In the ‘Issue Name’ dropdown, choose ‘Manba Finance Limited’
- Enter your Application Number or PAN details
- Complete the verification by checking the ‘I am not a robot’ box, then click ‘Search’
- Your Manba Finance IPO allotment status will be displayed on the screen
- Link Intime India Website:
- Visit the IPO registrar’s website using this link: https://linkintime.co.in/initial_offer/public-issues.html
- In the ‘Select Company’ dropdown menu, choose ‘Manba Finance Limited’
- Select your preferred option – PAN, Application Number, DP ID, or Account Number
- Enter the corresponding details based on the option chosen
- Click on ‘Search’
- Your Manba Finance IPO allotment status will then be displayed on the screen
- NSE Website:
- Investors can also check their share allotment online via the official website of NSE using application number or PAN details
Manba Finance IPO Grey Market Premium (GMP) and Listing Date
According to reports, Manba Finance’s shares were trading at a premium of ₹58-60 per share in the grey market, suggesting a listing pop of nearly 50% for investors. However, the GMP was around ₹64-65 on the first day of the bidding.Manba Finance’s shares are expected to list on both the BSE and NSE on Monday, September 30, 2024. The company’s strong financials, rising demand for loans, and proposed business expansion have been cited as positive factors for the issue.
However, investors should also be aware of the potential risks associated with the investment, such as the rising cost of capital and increased bad loans.
About Manba Finance
Manba Finance, established in 1998, is a non-banking finance company (NBFC) offering 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. The company’s target customers are mainly employees and the self-employed.The proceeds from the IPO will be used to augment Manba Finance’s capital base to meet its future capital requirements.
Manba Finance IPO Review
Brokerage firms have largely given positive reviews regarding this IPO. They cite strong financials and rising demand for loans as key factors supporting their recommendations to subscribe. However, potential investors should also consider risks such as rising costs of capital and increasing bad loans.
Subscription Status
The overall subscription rate for the Manba Finance IPO was an impressive 224.05 times, with specific segments seeing even higher rates:
- Retail Investors: Subscribed 143.95 times
- Qualified Institutional Buyers (QIBs): Subscribed 148.55 times
- Non-Institutional Investors (NIIs): Subscribed an astonishing 511.62 times
This overwhelming response reflects strong market confidence in Manba Finance’s business model and growth prospects.
Manba Finance IPO Financials
Manba Finance is a non-banking financial company (NBFC) established in 1998. It offers various financial solutions including:
- Loans for new two-wheelers
- Three-wheelers
- Electric vehicles
- Used cars
- Small business loans
- Personal loans
The company’s solid financial performance has contributed to its attractiveness among investors.
Risk Factors
While there are many positives, investors should also be aware of certain risk factors associated with investing in this IPO:
- Potential fluctuations in loan demand
- Economic downturns affecting repayment capabilities
- Regulatory changes impacting operations
SWOT Analysis
A SWOT analysis reveals:
- Strengths: Established brand presence and diverse loan offerings.
- Weaknesses: Dependence on economic conditions.
- Opportunities: Growing demand for financing in emerging markets.
- Threats: Increasing competition from other NBFCs and banks.
