Manba Finance IPO allotment: Check status, expected listing gain, subscription

The initial public offering (IPO) of Manba Finance saw massive interest from investors, with the public offering subscribing over 200 times.
Manba Finance IPO opened for subscription on September 23 and ran until September 25, generating huge bids. The price band for the IPO was set at Rs 114-120 per share.
Manba Finance Limited was subscribed 224.05 times overall. The retail portion saw a subscription of 143.95 times, while the QIB category was subscribed 148.55 times, and the NII segment received 511.62 times the bids.
Investors who have bid for Manba Finance Limited can check their allotment status online. They can log in to either the BSE website or the website of Link Intime India Private Ltd, the registrar for the issue.
Go to the BSE website by clicking here.
Click on ‘Equity’.
Choose ‘Manba Finance Limited’ from the list.
Put in your application number and PAN card ID.
Confirm that you’re not a robot and submit.
Visit the Link Intime India Private Ltd website.
Select ‘Manba Finance Limited’.
Choose the Application Number/Demat Account/PAN option and enter the details.
Enter the Captcha.
Click on the ‘SUBMIT’ option.
The latest Grey Market Premium (GMP) for Manba Finance’s IPO is Rs 58, as of the last update on September 26, 2024, at 10:00 AM.
With a price band set at Rs 120, the projected listing price for the IPO is Rs 178 (cap price + today’s GMP). This indicates an expected gain of 48.33% per share.
The shares of Manba Finance IPO are set to be listed on both the BSE and NSE, with the tentative listing date scheduled for Monday, September 30, 2024.