New Delhi: Manba Finance IPO Subscription Status was impressive on the last day of the three day stake process that had kick-started on September 23, 2024. Albeit, Manba Finance IPO GMP today fell marginally in the grey market. Nevertheless, the company’s shares’ premium in the grey market had rallied in run up to the Rs 150.84 crore stake sale process.
Manba Finance IPO Subscription Status:
According to Chittorgarh, Manba Finance IPO Subscription Status stood at 213x the total size by 4:30 pm on Wednesday. While, the retail portion was oversubscribed almost 126 times the available quota size. And, the Non-Institutional Investors’ (NIIs) category was oversubscribed huge 504 times. On the other hand, Qualified Institutional Buyers’ (QIBs) category stood oversubscribed 148x.
Manba Finance IPO GMP today
Manba Finance IPO GMP today fell slightly to Rs 58, according to InvestorGain. Considering the upper limit of the Manba Finance IPO’s price band of Rs 114-120 per share, and the shares’ latest grey market premium, the Manba Finance IPO’s listing gains of 48% can be estimated. At this premium, the company’s shares may list at Rs 177 on the bourses. Albeit, GMP cannot be considered as official figure.
Manba Finance IPO Allotment Date, Listing Date
Manba Finance IPO Allotment Date (tentatively) is Thursday, September 26, 2024. While, Manba Finance IPO listing date is tentatively on Monday September 30 on NSE and BSE.
Manba Finance IPO Key Details
The minimum investment amount required for retail investors was Rs 15,000. The minimum lot size was 125 shares. Small investors could have subscribes 35% of the company’s total issue size. While, QIBs could have subscribed 50% of the issue. NIIs on the other hand could have subscribes the issue 15% of its total size.
About Manba Finance
Mumbai based Non Banking Financial Company (NBFC) Manba Finance was incorporated in 1998. The company provides two-wheeler loans along with personal and small business loans.
