Manba Finance IPO: Retail category subscribed 70 times on the second day, opportunity to invest till tomorrow, know what is the current GMP? – Top News Bulletin

Manba Finance IPO: Manba Finance Limited's initial public offering (IPO) opened on Monday, September 23, 2024. The ₹150.84 crore IPO will close on September 25. This means that the initial public offering will remain open for bidding till Wednesday this week. NBFC company Manba Finance has fixed the price band of the IPO at ₹114 to ₹120 per equity share. Book build issue is completely new. That is, the money raised from the IPO will go directly to the balance sheet of the company. The IPO of this NBFC company has received tremendous response from retail investors. On the second day, the IPO has been subscribed more than 70 times in the retail category. Let us know what is the price of this IPO in the gray market today. Should you invest money or not?

Manaba Finance IPO Subscription Status

Manba Finance's IPO has been subscribed 73.19 times on the second day. The retail portion of the IPO has been subscribed 70.10 times. The NII segment has been booked 172.23 times and the QIB segment has been booked 4.15 times.

About Manba Finance IPO

1. Manba Finance IPO GMP Today: As per GMP Markets, the NBFC shares are available at a premium of ₹ 60 in the grey market today. According to this, the estimated listing price of Manba Finance IPO is ₹ 180 (Cap Price + Today's GMP).
2. Manba Finance IPO Price: The NBFC has fixed the Manba Finance IPO price band at ₹114 to ₹120 per equity share.
3. Manba Finance IPO Date: Book build issue will remain open till September 25, 2024.
4. Manba Finance IPO Size: Book build issue is entirely fresh shares, aiming to raise ₹150.84 crore.
5. Manba Finance IPO Lot Size: Bidders can apply in lots, and one lot of the public issue consists of 125 company shares.
6. Manba Finance IPO Allotment Date: The most probable Manba Finance IPO allotment date is 26 September 2024.
7. Manba Finance IPO Registrar: Link Intime India Pvt Ltd has been appointed as the official registrar of the public issue.
8. Manba Finance IPO Listing Date: The book build issue is proposed for listing on BSE and NSE, and the most likely date of share listing is 30th September 2024.
9. Manba Finance IPO Lead Manager: Hem Securities Limited has been appointed as the lead manager of the public offer.
10. Should you invest in Manba Finance IPO: On whether to apply for the public issue or not, market experts say that the issue size is small, and the merchant banker has expertise in handling SME IPOs. Due to the small size of the public issue, a positive response from the market is expected.