Manba Finance IPO subscribed 169 times so far on last day

25 Sep 2024 , 02:34 PM

The Manba Finance IPO has gotten a positive response from investors, with bids for 1,47,00,86,125 shares against 87,99,000 shares offered, resulting in an oversubscription of 169.50 times at 14:28 p.m. on Wednesday.

Non-institutional investors made the biggest bid for the Manba Finance IPO, purchasing 447.3 times. According to the BSE data, Retail Individual Investors (RIIs) subscribed 114.79 times, while Qualified Institutional Buyers (QIBs) subscribed 56.88 times.

Investors are able bid for a minimum of 125 Manba Finance shares, and multiples thereof. A retail investor must pay a minimum of ₹15,000 to bid on one lot or 125 shares of the Manba Finance IPO. The basis of allotment of Manba Finance shares is planned to take place on Thursday, September 26, 2024, with the company’s shares being credited to demat accounts on Friday, September 27, 2024.

Manba Finance shares are planned to be listed on the BSE and NSE on Monday, September 30, 2024. Manba Finance intends to use the net proceeds from the IPO to increase its capital base in order to satisfy the company’s future capital requirements.

For feedback and suggestions, write to us at [e-mail]