Manba Finance IPO day GMP, Review, Subscription Status, Price Band, Lot Size : The company didn't offer more than 35% of the issue to retail investors.

The initial public offering (IPO) of Manba Finance Limited opened today. The public issue worth 150.84 crore will remain open until 25 September 2024. This mean

Manba Finance IPO subscriptions for the non-banking finance company's (NBFC) initial public offering (IPO) were accepted on Monday, September 23. The price range for the public issue, which ends on September 25,

Manba Finance Ltd.'s initial public offering has been subscribed 2.46 times within minutes of opening for bids on Monday. Net institutional investors drove demand, with retail investors a close second. The company is aiming to raise up to Rs 150.84 crore from the IPO.

Manba Finance Limited is all set to raise money through an initial public offering. Here’s everything you need to know about the IPO and the company.

The company's recent 48% AUM growth in FY24, spurred by a one-time gain from asset recovery, masks underlying financial weaknesses. With a credit rating of BBB+ and an expensive valuation at 1.7x post-money book value, the risks far outweigh any potential gains.

Maharashtra-based Manba Finance aims to use the IPO proceeds primarily to increase its capital base, which will help meet future capital requirements.

Manba Finance is an entirely fresh offering of up to 1,25,70,000 shares without an offer of sale component, and it is a book-built issue of Rs 150.84 crores.

The Rs 151 crore initial public offering (IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September 23 and will close on September 25.

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