Manba Finance Limited IPO
Manba Finance Limited was a mainboard IPO in the Non Banking Financial Company (NBFC) sector, offered at ₹114–₹120 per share to raise ₹151 crore. The issue was subscribed 224.1× overall (QIBs 148.55×, NIIs 511.65×, retail 144.03×). It listed on 30 Sep 2024 at ₹145 and closed its first day at ₹152, a listing gain of +26.9% versus the ₹120 issue price. It now trades around ₹145 (+21.2% versus the issue price).
Frequently asked questions
- How many times was the Manba Finance Limited IPO subscribed?
- The Manba Finance Limited IPO was subscribed 224.1× overall — 148.55× in the QIB category, 511.65× among non-institutional investors, 144.03× in retail.
- What were the Manba Finance Limited IPO listing gains?
- Manba Finance Limited listed on 30 Sep 2024 at ₹145, closing its first day at ₹152 — a listing gain of +26.9% versus the ₹120 issue price.
- What were the retail allotment odds for the Manba Finance Limited IPO?
- Retail was subscribed 144.03×, so a single-lot application had roughly a 0.7% chance of allotment (about 1 in 144), and allotment was finalised on 26 Sep 2024.
- What was the price band and lot size of the Manba Finance Limited IPO?
- The price band was ₹114–₹120 per share, with a minimum lot of 125 shares (₹15,000 at the upper band).
- Who were the registrar and lead manager for the Manba Finance Limited IPO?
- Link Intime India Private Limited was the registrar, and HEM Securities was the book-running lead manager.