September 23, 2024
New Delhi, India
IPO
The Manba Finance IPO opened today, aiming to raise ₹150.84 crore through a fresh issue. The public issue will be open for bidding from Monday, September 23, 2024, until Wednesday, September 25, 2024. The price band for the IPO has been set at ₹114 to ₹120 per equity share.
Manba Finance IPO Subscription Status:
By 10:15 AM on the first day of bidding, the IPO had been subscribed 0.77 times overall. The retail portion was subscribed 0.96 times, while the Non-Institutional Investor (NII) segment was subscribed 1.35 times.
Manba Finance IPO Grey Market Premium (GMP):
Shares of Manba Finance Limited are currently trading at a ₹60 premium in the grey market, indicating strong investor interest ahead of the issue.
Important Manba Finance IPO Details:
- Manba Finance IPO GMP Today:
The shares are trading at a premium of ₹60 in the grey market as of today. - Manba Finance IPO Price:
The IPO price band has been set between ₹114 to ₹120 per equity share. - Manba Finance IPO Date:
The IPO opened on September 23, 2024, and will remain open until September 25, 2024. - Manba Finance IPO Size:
The total issue size is ₹150.84 crore, comprising a fresh issue of equity shares. - Manba Finance IPO Lot Size:
Investors can bid for a minimum lot size of 125 shares. - Manba Finance IPO Allotment Date:
The allotment of shares is expected to be finalised on September 26, 2024. - Manba Finance IPO Registrar:
Link Intime India Private Limited is the official registrar for the IPO. - Manba Finance IPO Listing Date:
The shares are likely to be listed on BSE and NSE on September 30, 2024. - Manba Finance IPO Lead Manager:
Hem Securities Limited is the lead manager for this public issue.
Manba Finance Limited operates as a Non-Banking Financial Company (NBFC), focusing on vehicle financing and providing financial solutions in urban, semi-urban, and rural markets. The net proceeds from the IPO will be used to strengthen its capital base and meet future financial requirements.
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