Manba Finance Ltd. IPO Subscription

IPO Subscription
Sr.No. Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 2514000 373448500 148.55
1(a) Foreign Institutional Investors (FIIs) - 75696375 -
1(b) Mutual Funds - 15375 -
1(c) Others - 297736750 -
2 Non Institutional Investors(NIIS) 1885500 964714625 511.65
2(a) Corporates - 11946875 -
2(b) Individuals (Other than RIIs) - 861998500 -
2(c) Others - 90769250 -
3 Retail Individual Investors (RIIs) 4399500 633671750 144.03
3(a) Cut Off - 547813375 -
3(b) Price Bids - 85858375 -
4 Employee Reserved - - -
4(a) Employee (Cut off) - - -
4(b) Employee (Price) - - -
Total 8799000 1971834875 224.1

The subscription level indicates the level of investor interest in the IPO, typically expressed as the number of times the shares offered has been applied for by investors.

Investors are categorized into the following groups:

  • Retail Individual Investors (RIIs)
  • Non-Institutional Investors (NIIs)
  • Qualified Institutional Buyers (QIBs)

Retail Individual Investors (RIIs) - A "retail individual investor" refers to an investor who applies or bids for securities amounting to Rs. 2, 00,000 or less.

Qualified Institutional Buyers (QIBs) - include entities registered with SEBI such as mutual funds, venture capital funds, foreign venture capital investors, foreign institutional investors, public financial institutions, scheduled commercial banks, development financial institutions, state industrial development corporations, insurance companies, provident funds, pension funds, the National Investment Fund, and specific insurance funds managed by the armed forces and Department of Posts in India.

Non-Institutional Investors (NIIs) - Investors who do not meet the criteria for Retail Individual Investors (RIIs) or Qualified Institutional Buyers (QIBs) are categorized as "Non-Institutional Investors" (NIIs).