Thu Sep 26 08:15:14 UTC 2024: ## Manba Finance IPO Over-Subscribed By 224 Times, Listing Expected on Monday

**Mumbai, September 26, 2024:** Manba Finance Limited’s initial public offering (IPO) has been a resounding success, exceeding expectations with an oversubscription rate of 224.05 times. The public offering, which ran from September 23rd to 25th, saw huge demand from investors across categories.

The retail portion of the IPO was subscribed 143.95 times, while the qualified institutional buyers (QIB) category saw 148.55 times subscription. Non-institutional investors (NII) showed the most interest, with a staggering 511.62 times subscription.

Investors who participated in the IPO can check their allotment status online through either the BSE website or the Link Intime India Private Ltd website. The Grey Market Premium (GMP) for the IPO is currently at Rs 58, indicating a potential listing price of Rs 178. This signifies a projected gain of 48.33% per share.

Manba Finance Limited’s shares are scheduled to be listed on both the BSE and NSE on Monday, September 30th, 2024. This high level of interest and the strong GMP suggest a positive outlook for the company’s future.

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