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.
-
Indian Stock Market Trends 2026: The Shocking Truth Behind Today’s BSE Sensex, NSE Nifty 50 & Bank Nifty Moves
What if the Indian market’s biggest wealth-creating opportunity of 2026 is hiding in plain sight today? As Indian investors wake up on Monday, June 8, 2026, the Dalal Street narrative is at a critical inflection point. The BSE Sensex hovers near 84,467, the NSE Nifty 50 holds firm above 23,366, and the Nifty Bank trend signals…
-
Indian stock market trends 2026: Is Dalal Street quietly setting up its next big move on 05 June?
Indian stock market trends are being shaped today by a mix of cooling inflation, stable RBI policy, resilient domestic growth, and volatile global cues, with the broader market still trading cautiously after recent weakness. For Friday, 05-06-2026, the most useful lens is not a one-line prediction, but a full read on momentum, sector rotation, and…
-
Indian Stock Market Trends 2026: Will Sensex, Nifty 50, and Bank Nifty Keep the Rally Alive After Today’s Weakness?
The Indian stock market on Thursday, 04-06-2026 is being shaped by a classic push-pull battle: soft global cues, mixed sector leadership, and a domestic economy that still looks stronger than most major peers. For investors searching for fresh Indian stock market trends, the key story is not just where BSE Sensex and NSE Nifty 50…
-
Senior Citizens Win Big: The 4 FD Schemes Now Offering 8%+ Just for You
In today’s volatile market environment, senior citizens across India are discovering a powerful way to protect their retirement savings while earning substantial returns. The fixed deposit landscape has evolved dramatically, with four exceptional FD schemes now delivering 8% or higher interest rates specifically designed for those aged 60 and above. This comprehensive guide draws on…
-
Don’t Lock Your FD Yet: These 3 Small Finance Banks Cracked 7.9% This Week
Fixed deposits have long been the backbone of conservative investing in India, but the landscape is shifting rapidly. As of June 2026, three small finance banks have emerged with exceptional FD rates reaching 7.9% annually—significantly outpacing major public and private sector banks. If you’re planning to lock in your FD soon, understanding these opportunities and…
-
The “Green 555-Day” Fixed Deposit at 6.40%: A Smart Investment That Also Supports Climate Projects (June 2026 Fresh)
India’s fixed deposit landscape is undergoing a quiet but meaningful transformation in 2026, with the introduction of the “Green 555-Day” FD offering an attractive 6.40% annual return. Unlike traditional fixed deposits that focus purely on financial returns, this innovative product combines stability with purpose by channeling funds into climate-positive initiatives. As investors increasingly seek transparency…
