Manba Finance IPO gets overwhelming response: How to check allotment status

The much-anticipated allotment of shares for the Manba Finance Ltd Initial Public Offering ( IPO ) is expected to be finalised today, September 26, following an overwhelming subscription. The IPO, which specialises in automobile loans, witnessed a massive demand, being oversubscribed 224.1 times on its final day. This surge in interest reflects the confidence investors have in the company’s growth potential.

Manba Finance's IPO , valued at Rs 150.84 crore, received bids for a staggering 197.18 crore shares against the available 87.99 lakh shares. Non-Institutional Investors (NIIs) led the subscription frenzy, with their portion oversubscribed by 511.65 times, while Qualified Institutional Buyers (QIBs) subscribed 148.55 times and retail investors followed closely with 144.03 times.

The IPO had a price band set between Rs 114 and Rs 120 per share, with the latest Grey Market Premium (GMP) reported at Rs 58 as of 11:23 AM on September 26, according to Investor Gain. Based on the cap price and today’s GMP, the estimated listing price is Rs 178, indicating a potential gain of 48.33 per cent per share.

How to Check Manba Finance IPO Allotment Status

Investors can easily check their allotment status online through the official platforms of BSE, NSE , or the registrar for this IPO , Link Intime India Private Ltd. Here's how:

On BSE Website

1. Visit [BSE Allotment Page](https://www.bseindia.com/investors/appli_check.aspx)
2. Select ‘Equity’ under ‘Issue Type’.
3. Choose ‘Manba Finance Limited’ from the dropdown.
4. Enter your application number or PAN details.
5. Complete the verification and ‘Search’.

On Link Intime Website

1. Visit [Link Intime Allotment Page](https://linkintime.co.in/initial_offer/public-issues.html)
2. Choose ‘Manba Finance Limited’ in the ‘Select Company’ dropdown.
3. Enter either PAN, Application Number, or DP ID/Account Number.
4. on ‘Search’ to view your allotment status.

IPO Subscription Details and Listing Expectations

The Manba Finance IPO was open for bidding from September 23 to September 25, and the finalisation of allotment will set the stage for the listing of its shares on the NSE and BSE on September 30. Investors who receive allotments will have the shares credited to their Demat accounts by September 27.

The funds raised from the IPO will primarily be used to strengthen the company’s capital base, enabling it to meet future capital requirements. With an estimated listing price of Rs 178, based on today’s GMP, Manba Finance is expected to deliver solid returns for investors.

Founded in 1998, Manba Finance Ltd offers financial services primarily in the automobile sector, providing loans for new two-wheelers, three-wheelers, electric vehicles, and used cars, as well as small business and personal loans. With a strong presence in Maharashtra, Gujarat, Rajasthan, and other states, the company has built a wide network of over 1,100 dealers, including 190 electric vehicle dealers.