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.
-
Iran-Israel Conflict Sent Gold to ₹1.71 Lakh/10g — Here’s What Happens to the Price If Tensions Ease
Gold screamed to ₹1.71 lakh as missiles flew over the Middle East — but now the same conflict
-
Groww and Zerodha’s Kamath Brothers Just Bet ₹1,240 Crore on MSEI — But Can It Survive Against NSE’s 90% Market Stranglehold?
KEY FACTS AT A GLANCE: MSEI raised ₹1,240 crore in two tranches — ₹238 crore from Groww (Billionbrains
-
Microsoft Was the World’s Most Valuable Company — Then It Lost $357 Billion in a Single Session. What Went Wrong?
On January 29, 2026, Microsoft reported what should have been a triumphant quarter — revenue up 17%, profits
-
Apple Drops 5 Exciting New Models —Actually Worth Your Money
In a single week Apple announced five major new products that collectively redefine what creative professionals and everyday
-
Supabase Grew 111% in a Single Year — The Shocking Numbers Behind Its Rise to 4 Million Developers and a $5 Billion Valuation
In just 12 months, Supabase went from a $765 million startup to a $5 billion database giant —
-
South Korea’s KOSPI Crashes 12% as Iran Conflict Sparks Massive Sell-Off Across Asia
South Korea’s KOSPI just CRASHED 12%—worse than 2020—in a frantic Asia sell-off. Why is Iran’s raging conflict suddenly
With over 15 years of experience in Banking, investment banking, personal finance, or financial planning, Dkush has a knack for breaking down complex financial concepts into actionable, easy-to-understand advice. A MBA finance and a lifelong learner, Dkush is committed to helping readers achieve financial independence through smart budgeting, investing, and wealth-building strategies, Follow Dailyfinancial.in for practical tips and a roadmap to financial success!
