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.
-
Borrowers Alert: Instant ₹5 Lakh Personal Loans at 1.5% Monthly Interest Explained
In today’s fast-moving financial environment, the promise of instant personal loans up to ₹5 lakh at just 1.5% monthly interest without collateral has captured the attention of millions of Indian borrowers. These offers are widely promoted across fintech apps, social media platforms, and digital marketplaces, often positioned as quick solutions for urgent financial needs. While…
-
The Hidden 2026 Personal Loan Trick: How Gen-Z Gets 9% Rates Without a High CIBIL Score
A Quiet Shift in India’s Lending Landscape The idea that only borrowers with a high CIBIL score can access low-interest personal loans is rapidly becoming outdated in 2026. Across India, particularly in urban centers like Lucknow, Delhi, and Bangalore, Gen-Z borrowers are securing personal loans at rates as low as 9% without having a traditionally…
-
Indian Stock Market Trends June 2026: Complete Analysis of BSE Sensex, NSE Nifty 50 & Top Stocks to Buy
Will Indian Markets Rebound After Friday’s Sharp Crash? Your Complete June 1, 2026 Market Briefing The Indian stock market just experienced one of its most volatile weeks in 2026, with the BSE Sensex plummeting over 1,100 points and NSE Nifty 50 crashing nearly 390 points on Friday, May 29, closing at 74,775.74 (-1.44%) and 23,547.75 (-1.50%) respectively. But here’s…
-
From eKYC to Instant Cash: How Digital NBFCs Crossed ₹3.6 Lakh Crore in Personal Loans by 2030
The Digital Credit Revolution in India India’s lending ecosystem has undergone a structural transformation over the past decade, with digital Non-Banking Financial Companies emerging as powerful catalysts of change. The shift from traditional, document-heavy lending processes to instant, app-based credit has redefined accessibility, speed, and customer expectations. By 2030, digital NBFCs are projected to surpass…
-
RBI’s New Digital Lending Rules (2026): What Changed for Personal Loan Approvals?
The Reserve Bank of India’s digital lending rules that took effect on January 1, 2026, have fundamentally transformed how personal loans are approved, disbursed, and managed across India. If you have applied for a personal loan recently, you have likely noticed that the entire process feels different. The most critical changes include mandatory Key Fact…
-
Gold Loans Surged 50.4% in 2026: Should You Take a Personal Loan Instead? (May 2026 Analysis)
Gold loans surged 50.4% in 2026, but is this boom a trap? Discover the shocking truth: taking a personal loan might actually save you thousands. Why are millions pledging gold when a cheaper, safer alternative exists? The May 2026 analysis reveals the forbidden financial secret most lenders won’t tell you before you sign. Gold loans…
