Fri Sep 27 04:54:44 UTC 2024: ## Manba Finance IPO Allotment Finalized: Shares to List on September 30th

**Mumbai, India** – Manba Finance, an Non-Banking Financial Company (NBFC) specializing in vehicle loans, has announced the successful completion of its initial public offering (IPO). The ₹150.8 crore IPO was oversubscribed by 224 times, with particularly strong demand from Non-Institutional Investors (NIIs).

The share allotment status has now been finalized and investors can check their allotment status on the registrar website, Link Intime India, or on the exchange websites (NSE and BSE). The company’s shares are expected to be listed on both exchanges on September 30th, 2024.

Manba Finance’s IPO saw overwhelming response across all categories:

* **NIIs:** Oversubscribed 511 times, with demand for nearly 96.4 crore shares.
* **Retail:** Oversubscribed 143.9 times, with applications for 63 crore shares.
* **QIBs:** Oversubscribed 148.55 times, with bids for over 37.34 crore shares.

The company plans to use the proceeds from the public issue to meet its future capital requirements.

Established in 1998, Manba Finance offers a range of financial products, including:

* Vehicle loans for new and used two-wheelers, three-wheelers, electric two-wheelers and three-wheelers.
* Small business loans.
* Personal loans.

The company’s strong performance in the IPO reflects investor confidence in the growing demand for vehicle financing in India.

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