Manba Finance Ltd IPO GMP, Grey Market Premium, Price Band: Good news is coming for IPO investors across the country. Let us tell you that the IPO of Non-Banking Financial Company (NBFC) Manba Finance Ltd is coming.

Manba Finance Ltd Company Overview

If we talk about the business of the companyThe company offers Two-Wheelers, Three Wheelers, Electric Two Wheelers, Small Business Loans and Personal Loans.

According to company’s official website, established in the year 1996, company operate across 5 states in 64 locations, providing competitive and tailored financial services. One of the leading Non-Banking Finance Companies in Mumbai, we strive to deliver our best to meet our customers financial needs.

Manba Finance Ltd IPO Motive

The company wants to use the money received from the IPO for its future needs.

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Manba Finance Ltd IPO Price Band

The price band of Manba Finance Ltd IPO has been fixed at Rs 114 to Rs 120 per share.

Manba Finance Ltd IPO Important Dates

This IPO will be open from 23rd to 25th September. The IPO will open for anchor investors on September 20.

Manba Finance Ltd IPO Size

The size of Manba Finance Ltd IPO is Rs 150 crore. The company can issue 1.25 crore fresh shares through IPO. No shares will be issued under Offer for Sale in IPO.

Manba Finance Ltd IPO Lot Size

The company has made a lot of 125 shares for this IPO. Because of which an investor will have to invest at least Rs 15,000.

A maximum of 50 percent share in Manba Finance Ltd IPO will be reserved for qualified institutional buyers, at least 35 percent share will be reserved for retail investors and at least 15 percent share will be reserved for non-institutional investors.

Manba Finance Ltd IPO Company Revenue

The company’s profit (after tax payments) has increased by 90 percent year-on-year during the financial year ending March 31, 2024. At the same time, there has been an increase of 44 percent in revenue year on year.

Manba Finance Ltd IPO Lead Manager

The company has appointed Hem Securities Limited as the book running lead manager of the IPO.

Allotment of shares of Manba Finance Ltd IPO can happen on 26th September. At the same time, listing of the company is possible on September 30.