This summary provides a comprehensive overview of the Manba Finance IPO, highlighting key details and investor interest:
- Strong Investor Response: The Manba Finance IPO was fully subscribed within minutes of opening on September 23, 2024.
- Subscription Details: The IPO saw significant interest from retail and high-net-worth individual (HNI) investors.
- Price Band: Shares were offered in the price band of ₹114-₹120 per share.
- IPO Size: The company aimed to raise ₹150.84 crore through the IPO, with a fresh issue of 1,25,70,000 equity shares.
- Oversubscription: By noon on the first day, investors had bid for 6,83,20,875 equity shares, which is 7.76 times the 87,99,000 shares on offer.
- Retail and NII Interest: The retail portion was subscribed 10.78 times, while the NII portion saw a subscription of 10.63 times.
- Grey Market Premium: The grey market premium (GMP) for Manba Finance shares was around ₹60, indicating a potential 50% listing gain.
- Company Background: Established in 1998, Manba Finance is a non-banking finance company (NBFC) offering loans for two-wheelers, three-wheelers, used cars, small businesses, and personal loans.
- Market Presence: The company operates in six states: Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.
- Brokerage Views: Brokerage firms have a positive outlook on the IPO, citing strong financials and growth potential, though they note concerns about rising capital costs and bad loans.
-
NRI Selling Property in India: Why 14.95% Is Withheld — and the Form That Stops It
NRI Taxation · Property Sale · India, Tax Year 2026-27 NRI Selling Property in India: Why 14.95% Is Withheld — and the Form That Stops It NT NRI Tax DeskChecked against the Income-tax Act 2025, Finance Act 2026 and RBI FEMA guidance Updated 29 August 2026Covers India, Tax Year 2026-27, non-resident sellers of immovable property…
-
Why Did the NCLT Let Subhash Chandra Settle ₹22,006 Crore of Claims for ₹6.5 Crore, and Can Lenders Still Recover the Rest?
NCLT ₹6.5 Cr Plan vs ₹22,006 Cr Claims: Full Breakdown Insolvency · Banking · India · IBC Part III · Explainer Why Did the NCLT Let Subhash Chandra Settle ₹22,006 Crore of Claims for ₹6.5 Crore, and Can Lenders Still Recover the Rest? A creditor-by-creditor breakdown of the order approved on 25 August 2026: who…
-
GST Fake Invoice Penalty: Who Faces What Consequence Under Sections 122, 74 and 74A
GST Fake Invoice Penalty: Who Faces What Consequence GST · Fake invoicing · India, law as on 28 August 2026 GST Fake Invoice Penalty: Who Faces What Consequence Under Sections 122, 74 and 74A A role-by-role breakdown of demand, interest, penalty and prosecution exposure, with the Section 74A change that most notices still get wrong.…
-
India’s Biggest Stock Market Crashes: What History Reveals About Market Risk
India’s Biggest Stock Market Crashes: 1992 to 2026 Markets · Index history · India, 1991 to 2026 How Deep Was Every Indian Stock Market Crash Since 1992, and Where Does 2026 Rank? Nine major drawdowns, one benchmark, and the arithmetic of getting back to level. Figures as reported on 28 August 2026. DF Dailyfinancial ·…
-
How Micro and Small Enterprises Can Apply Under the Credit Guarantee Scheme
CGTMSE Loan Process for Micro and Small Enterprises Small Business Finance How Micro and Small Enterprises Can Apply Under the Credit Guarantee Scheme A practical explanation of the lender-led process for obtaining eligible credit backed by the Credit Guarantee Scheme for Micro and Small Enterprises. Dailyfinancial Author: DKush Published: August 28, 2026 Updated: August 28,…
-
Indian Stock Market Deep Dive August 28 2026: Sensex, Nifty and Bank Nifty Analysis
Indian Stock Market Deep Dive August 28 2026: Sensex, Nifty and Bank Nifty Analysis Why This Market Briefing Matters Indian equities entered Friday with investors focused on benchmark weakness, global risk appetite, crude oil, institutional flows and the RBI policy outlook. The BSE Sensex and NSE Nifty 50 had been under pressure in the preceding…
