Thu Sep 26 09:44:42 UTC 2024: ## Manba Finance IPO Oversubscribed, Allotment Finalized

**Mumbai, September 27, 2023:** Manba Finance, a non-banking finance company, has successfully concluded its initial public offering (IPO), which was oversubscribed by a whopping 224 times. The IPO, which opened on September 23 and closed on September 25, received bids worth over Rs 23,600 crore, against an offering size of Rs 150 crore.

Investors can now check the allotment status of their shares through the registrar of the issue, Link Intime India. The allotment was finalized on September 26. Investors can access the allotment status by visiting Link Intime’s website, navigating to the public issue section, and entering their details like PAN number, application number, client ID, or account number.

The shares are expected to be listed on stock exchanges from September 30 onwards. With the IPO price band set between Rs 114 to Rs 120 per share, the company’s shares were trading with a premium of 48% in the grey market, indicating a strong debut on the D-Street.

Manba Finance focuses on providing financial solutions to individuals and small businesses, offering loans for new and used two-wheelers, three-wheelers, electric vehicles, and personal loans.

The company plans to utilize the proceeds from the IPO to strengthen its capital base and meet future growth requirements.

Meanwhile, Oben Electrics is celebrating Dussehra with a special offer on their flagship electric motorcycle, the Oben Rorr. From September 29 to October 12, customers can avail a discount of Rs 30,000 on the ex-showroom price, along with an extended warranty and a chance to win exciting prizes.

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