Manba Finance Limited IPO GMP

Manba Finance is a Non-Banking Financial Company-Base Layer (NBFC-BL) providing financial solutions for New two wheeler (2Ws,) three wheeler (3Ws), electric two wheeler (EV2Ws), electric three wheeler (EV3Ws), Used Cars, Small Business Loans and Personal Loans with an AUM size of more than ₹ 90,000 lakhs as on March 31, 2024. 

Manba Finance, an Book Built Issue amounting to ₹150.84 Crores, consisting entirely an Fresh Issue of 125.7 Lakh Shares. The subscription period for the Manba Finance IPO opens on September 23, 2024, and closes on September 25, 2024. The allotment is expected to be finalized on or about Thursday, September 26, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Monday, September 30, 2024.

The Share price band of Manba Finance IPO is set at ₹114 to ₹120 equity per share, with a minimum lot size of 125 shares. Retail investors are required to invest a minimum of ₹15,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,750 shares), amounting to ₹2,10,000.

Hem Securities Limited is the book-running lead manager, LINK INTIME INDIA PRIVATE LIMITED is the registrar for the Issue. 

Manba Finance (India) Limited IPO GMP Today
The Grey Market Premium of Manba Finance Limited IPO is expected in the range of ₹45 to ₹50 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Manba Finance Limited IPO Live Subscription Status Today: Real-Time Updates
As of 12:02 PM on 23 September 2024, the Manba Finance Limited IPO live subscription status shows that the IPO subscribed 7.80 times on its First day of subscription period. Check the Manba Finance Limited IPO Live Subscription Status Today at BSE.

Manba Finance Limited IPO Anchor Investors Report
Manba Finance has raised ₹45.25 Crore from Anchor Investors at a price of ₹120 per shares in consultation of the Book Running Lead Managers. The company allocated 37,71,000 equity shares to the Anchor Investors. Check Full list of Manba Finance Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Manba Finance Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Manba Finance IPO allotment date is 26 September, 2024, Thursday. Manba Finance IPO Allotment will be out on 26th September 2024 and will be live on Registrar Website from the allotment date. Check Manba Finance Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Manba Finance Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Manba Finance Limited IPO
Manba Finance proposes to utilize the Net Proceeds towards augmenting their capital base to meet the Company’s future capital requirements. 

Refer to Manba Finance Limited RHP for more details about the Company.