Manba finance IPO
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Manba Finance IPO allotment: Here’s how to check status online on Link Intime India, NSE
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3 min read | Updated on September 26, 2024, 16:05 IST
SUMMARY
Manba Finance launched its ₹150.8 crore IPO on September 23. After the successful bidding process, the IPO share allotment status is likely to be finalised by today. The company's shares are expected to be listed on both the NSE and BSE, with a tentative listing date set for September 30, 2024.
Manba Finance IPO allotment: Here’s how to check status online NSE, Link Intime India
Manba Finance Limited IPO share allotment status is likely to be finalised by today. The final status of the allotment is likely to be updated on the exchange and registrar website by late evening.
Manba Finance IPO received a robust response from investors. The IPO was subscribed over 224 times aided by strong demand from Non Institutional Investors (NIIs).
The investors, who participated in the bidding, are waiting for Manba Finance IPO share allotment status after the mainboard issue closed with a bumper subscription.
Here’s how to check Manba Finance IPO share allotment status on the registrar website
- Visit the Link Intime India Pvt Ltd using this link - https://www.linkintime.co.in/
- Navigate to the ‘Investor Services’ tab and select ‘Public Issues’
- From the drop-down menu, select Manba Finance
- Fill in any of these details- application No, DP/Client ID, PAN, or Account No / IFSC
- Click Submit to check the share allotment status
Steps to check Manba Finance IPO share allotment status on NSE
- Open the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
- Login with your username and password (You will have to create a new login if you are not registered on the NSE website)
- Choose ‘Manba Finance’ from the drop-down menu for issue names.
- Enter PAN details.
- Type in the IPO application Number.
- Click on the ‘I am not a Robot’ checkbox
- Hit the ‘Submit’ button.
It’s important to note that the IPO allotment details will appear on screen only after the company finalises the share allocation.
Alternatively you can also check the Manba Finance IPO share allotment status on the BSE website using PAN and application number.
Manba Finance IPO subscription
Manba Finance IPO was booked over 511 times in the Non-Institutional Investors (NIIs) category, with demand for nearly 96.4 crore shares compared to 18.85 lakh shares reserved for the category. The retail portion of the IPO was booked 143.9 times, with applications for 63 crore shares compared to the allocation of 43.99 lakh shares.
The Qualified Institutional Buyers (QIBs) booked their quota 148.55 times with bids for over 37.34 crore shares compared to 25.14 lakh shares set aside for the category.
Manba Finance IPO objective
The company plans to use the proceeds of the public issue to meet future capital requirements of the companies.
Manba Finance India Limited, established in 1998, is an NBFC that offers vehicle loans for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), and electric three-wheelers (EV3Ws). The company also offers financing for used cars, small business loans, and personal loans.
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India's inbound tourism witnessed a remarkable 64% surge in FY24; here are top 4 travel and tourism stocks of 2024 with the highest return
5 min read | Updated on September 26, 2024, 17:44 IST
SUMMARY
India’s travel sector is booming, driven by rising domestic and international travel. Key stocks like Thomas Cook ( +47%), and TBO TEK (+24%) are witnessing impressive YTD returns.
India’s booming travel sector: Inbound tourism witnessed a remarkable 64% surge in FY24 with over 92.36 lakh visitors
The Indian tourism sector is one of the fastest-growing economic sectors in the country. India’s tour and travel operators are expected to grow revenue by 15-17% this fiscal year, driven by rising domestic and international travel, according to CRISIL. This growth is supported by improving infrastructure, rising incomes, shifting travel patterns, and the government’s push for domestic tourism. The country’s inbound tourism witnessed a remarkable 64% surge in FY 2023-24 compared to the previous year, attracting 9,236,108 visitors. Despite this growth, the numbers are still 15.5% below pre-pandemic levels.
Rising disposable incomes, significant infrastructure improvements—especially in transportation connectivity—and the government's allocation of ₹2,479 crore for the tourism sector in the FY25 Union Budget reflect a strong commitment to enhancing tourism infrastructure.
As a result, the growth in the travel and tourism industry has positively impacted several stocks.
Here are four key stocks in the travel and tourism sector, including tour operators, online travel agencies, and related businesses, along with their year-to-date (YTD) returns.
| Stocks | Market-Cap (₹ crore) | Current Price(₹) | YTD Return |
|---|---|---|---|
| Thomas Cook (India) | 9,596 | 204.48 | 47.49% |
| TBO TEK | 19,002.86 | 1750 | 24.44% |
| BLS International Services | 15,971 | 388.10 | 18.81% |
| Ecos (India) Mobility and Hospitality | 2,910 | 485.10 | 9.47% |
Source: Screener.in
Thomas Cook (India) Ltd (YTD Return: 47.4%)
In Q1FY25, the company reported consolidated revenue of ₹2,106 crore, reflecting a 10.9% year-on-year (YoY) growth. Net profit stood at ₹73 crore, marking a 2.82% YoY increase. However, the operating margin declined to 6%, compared to 7% in the same quarter last year. By the end of FY24, the company had reported a net profit of ₹345 crore, with a net margin of 3.74%.
Recently the company has inaugurated its new franchise outlet in Chromepet, Chennai - to leverage the high-growth market of the city and its surrounding catchments. The new Chennai outlet expands Thomas Cook India's network to 9 locations in the city and 15 across Tamil Nadu.
TBO TEK Ltd (YTD Return: 24.4%)
In Q1FY25, the company reported consolidated revenue of ₹418 crore, reflecting a 21.45% year-on-year (YoY) increase, while net profit rose 29.79% YoY to ₹61 crore. The operating margin improved to 19%, up 1% quarter-on-quarter (QoQ). By the end of FY24, the company recorded a net profit of ₹201 crore, with a net margin of 14.42%.
Recently, the company announced the incorporation of a new step-down subsidiary in the Canary Islands as part of TBO Tek’s expansion strategy to strengthen its presence in the region.
BLS International Services Ltd (YTD Return: 18.8%)
In Q1FY25, the company reported consolidated revenue of ₹493 crore, marking a 28.47% year-on-year (YoY) growth. Net profit surged by 70.42% YoY to ₹121 crore, while the operating margin increased to 27%, up from 21% in the same quarter last year. By the end of FY24, the company posted a net profit of ₹326 crore, with a net margin of 19.43%.
BLS International has been on an acquisition spree recently. On September 13, the company signed a definitive agreement to acquire a 100% stake in Citizenship Invest (CI), a Dubai-based advisory firm specializing in fast-track investor programs for obtaining residence and citizenship in over 15 countries. Earlier, on September 11, BLS International announced that its subsidiary had acquired a 99% stake in BLS Solutions Pvt. Ltd. (Bangladesh). Additionally, on August 30, the company entered into a definitive share purchase agreement to acquire a 51% stake in SLW Media.
Ecos (India) Mobility and Hospitality Ltd (YTD Return: 9.4%)
In Q1FY25, the company at the consolidated level reported a revenue of ₹149 crore, up 13.98% YoY and a net profit of ₹14 crore, while the operating margin fell to 14% from 17% in the corresponding quarter last year.
At the end FY24 of the company reported a net profit of ₹63 crore, at an 11.5% net margin.
The travel and tourism sector in the country is poised for impressive growth, given its rich history, culture, vast geographical breadth, and expanding infrastructure. With ongoing government investments in tourism initiatives and the modernisation of infrastructure, this sector will cater to both domestic visitors and international tourists. In addition, the increasing middle class and inflation-adjusted disposable incomes are expected to drive domestic travel inward.
These positive developments not only hope to rejuvenate the Indian Travel and Tourism industry, but also propel it towards growth, contributing significantly both economically and globally.
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Rappid Valves IPO allotment: Steps to check status on NSE, Link Intime
3 min read | Updated on September 26, 2024, 17:14 IST
SUMMARY
Investors can also check the Rappid Valves IPO share allotment status on the NSE and registrar, Link Intime India. After the share allotment, Rappid Valves India will initiate refunds for the unsuccessful bidders on September 27, and shares will be credited to the demat accounts of allottees the same day. The IPO listing date has been tentatively fixed as September 30.
Rappid Valves IPO: Steps to check share allotment status on NSE, Link Intime
Engineering company Rappid Valves India Ltd is expected to announce the IPO share allotment today.
The ₹ 30.41-crore public offer of the company was open for subscription from September 23 to 25, 2024. The IPO generated robust demand with the issue getting subscribed by 176 times.
Investors are keenly waiting for the company to finalise the share allotment status. Investors will be informed through SMS and emails about the allotment of shares.
IPO investors can also check the share allotment status by following simple steps.
Steps to check share allotment status on IPO registrar:
- Go to Link Intime India Pvt Ltd website (https://www.linkintime.co.in/)
- Click on Investor Services and select Public Issues
- Select Rappid Valves (India) Ltd
- Enter either your application No, PAN, DP/Client ID or Account No / IFSC
- Submit to check allotment status
Steps to check Rappid Valves IPO share allotment status on NSE
- Go to NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
- Login with username and password
- Select Rappid Valves (India) Ltd
- Verify PAN
- Enter IPO application No
- Click on Submit
Rappid Valves India Limited IPO details
The ₹30.41-crore Rappid Valves IPO was an entirely fresh issue of 13.7 lakh shares. The company fixed the price band at ₹210 to ₹222 per share for the IPO. The minimum lot size for an application was 600 shares.
Rappid Valves IPO received strong demand across investor categories with the issue getting fully subscribed within hours of the launch of the IPO on September 23.
At the close of bidding on September 25, the valve solutions provider IPO was booked around 176 times. Bids for more than 16.04 crore shares were received against 9.1 lakh shares on offer, according to the NSE data.
The retail individual investors booked their quota 109 times while the Non-institutional investors’ (NIIs) segment was booked 491 times. The Qualified Institutional Buyers’ (QIBs) portion was booked around 55 times.
After the share allotment, Rappid Valves India will initiate refunds for the unsuccessful bidders on September 27. Shares will be credited to the allottees' demat accounts the same day. The IPO listing date has been tentatively fixed as September 30.
Earlier, the company raised ₹8.64 crore from anchor investors. It allotted 389,400 shares to four fund schemes at a price of ₹222 per share. Leading Light Fund VCC, Ashika Global Securities Private Limited, SB Opportunities Fund and Smart Horizon Opportunities Fund are the anchor investors.
Rappid Valves has proposed to use the IPO proceeds to fund capital expenditures for a new plant, machinery, and software. It will use ₹6.73 crore for funding the capital expenditure for the purchase of new plant and machineries and Software.
The company will use nearly ₹39 lakh for the renovation of the registered office and existing manufacturing unit .
It will use ₹10.50 crore for repayment/prepayment of all or certain of our borrowings availed of by the company and ₹ 4 crore for pursuing inorganic growth initiatives.
About Rappid Valves India Limited
Founded in 2002, Rappid Valves (India) specialises in manufacturing a wide variety of valve solutions. It produces valves such as ball, gate, globe, butterfly, check and marine valves used across sectors.
The company operates a well-equipped manufacturing facility with advanced CNC machinery and quality testing tools. It produces valves ranging from 15mm to 600mm, using both ferrous and non-ferrous materials.
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Top gainers and losers on Sept 26: Maruti Suzuki, Grasim, Tata Motors, and Shriram Finance lead NIFTY movers
3 min read | Updated on September 26, 2024, 16:53 IST
SUMMARY
Maruti Suzuki India shares gained the most among benchmark NIFTY constituents. The auto stock closed at ₹13,358.65 apiece, up by 4.48%. Grasim, Tata Motors and Shriram Finance were the other major gainers among NIFTY constituents. On the other hand, Cipla and ONGC emerged as the top drags among NIFTY shares.
Top gainers and losers: Maruti Suzuki, Grasim, Tata Motors, Shriram Finance lead NIFTY movers; Cipla major drag
Benchmark indices SENSEX and NIFTY50 scaled record highs on Thursday, led by a rally in auto stocks amid positive global cues. The NIFTY50 closed at 26,216 points, up by 211 points, or 0.81%, and the SENSEX settled at 85,836, up 666 points, or 0.78%.
NIFTY scaled to a fresh peak of 26,250 points, and the SENSEX soared to a record high of 85,930 points in intraday trade.
Among sectoral indices, NIFTY Auto and NIFTY Metal closed higher by 2.26% and 2.13%, respectively. On the other hand, NIFTY Consumer Durables closed lower by 0.9%.
Out of the total 50 NIFTY constituents, 9 closed in the red dragged by Cipla, ONGC, and Larsen and Toubro shares.
Maruti Suzuki India and Grasim emerge as top NIFTY gainers
Among other NIFTY constituents, Mahindra and Mahindra, Tata Steel and Hindalco shares closed higher by up to 2.52% on September 26.
Cipla and ONGC emerge as top losers
Shares of L&T closed lower by 0.82% at ₹3,760 apiece while Hero MotoCorp settled at ₹6,039.7 apiece, down by 0.8%. NTPC stock also closed 0.6% lower at ₹433.5 apiece.
Divi’s Laboratories, Infosys and HDFC Bank shares also emerged as losers among constituents of the NIFTY index, declining up to 0.54%.
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