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Manba Finance IPO Skyrockets with 23.67x Subscription on Day 1!

Manba Finance IPO saw overwhelming Day 1 demand, with overall subscription at 23.67 times, driven by QIBs at 2.36x, NIIs at 43.09x, and RIIs at 23.52x.
Manba Finance IPO Skyrockets with 23.67x Subscription on Day 1!

Manba Finance IPO saw diverse demand on Day 1, with Qualified Institutional Buyers subscribing 2.36 times, Non-Institutional Investors at 43.09 times, and Retail Individual Investors at 23.52 times. The overall subscription stood at 23.67 times, reflecting strong interest across different investor categories.

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How to check Manba Finance IPO Subscription Status?

Steps to check Manba Finance Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the ‘Manba Finance Limited IPO’ to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Manba Finance Limited IPO Allotment Status

The allotment date for the Manba Finance Limited IPO is set for September 26, with shares priced from ₹114 to ₹120 per share and a face value of ₹10. The offering consists of lots of 125 shares, with bids accepted for these lots or their multiples.

Manba Finance Limited IPO Listing Date 

Rappid Valves (India) Limited IPO is expected to be listed on the NSE SME on September 30, 2024.

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