Manba Finance IPO subscription status started on September 23, 2024, and closed on September 25, 2024. The company aims to raise approximately ₹150.84 crore via this IPO. The retail quota is 35%, and QBI is 50%. The price band is ₹114 to ₹120 per equity share.
The IPO consists of a minimum market lot of 125 Shares requiring an application amount of ₹15,000. Manba Finance is a Mainboard IPO that will be listed on the BSE & NSE.
Also read: Manba Finance IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Manba Finance Limited, a Non-Banking Financial Company-Base Layer (NBFC-BL), provides a variety of financial solutions, including loans for new and electric two-wheelers (2Ws), three-wheelers (3Ws), used cars, small businesses, and personal needs. As of March 31, 2024, the company manages assets under management (AUM) exceeding ₹90,000 lakh. Notably, Manba Finance is recognized for its quick loan sanctioning and disbursement, establishing itself as a leading financial solutions provider in India.
Headquartered in Maharashtra, the company operates around 66 locations through 29 branches across six states: Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. Furthermore, with a robust network of over 1,100 dealers, including more than 190 EV dealers, Manba Finance has recently expanded its loan portfolio to include used car loans, small business loans, and personal loans. Additionally, the company targets both salaried and self-employed individuals, offering customized offers and tailor-made schemes to attract and meet the needs of these diverse customer segments.
IPOGMP.IN View
We strongly recommend that investors consider applying for the IPO with a long-term perspective. Additionally, investors should examine the QIB, NII, and Retail subscription numbers prior to making any investment decisions.
Manba Finance IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 2.36 | 4.15 | 148.55 |
| NII | 43.34 | 172.49 | 511.62 |
| RII | 28.32 | 71.01 | 143.95 |
| Total | 24.12 | 73.65 | 224.05 |
Manba Finance IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Manba Finance
- May Apply
Manba Finance IPO Form
To apply for the Manba Finance IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription will begin on September 23, 2024, for QIB, NII, and Retail Investors.
You can easily subscribe using either ASBA or Non-ASBA methods. First, log in to your bank account to apply online via ASBA, or download a physical form to submit to your broker or bank.
To check the latest updates, visit our portal for hourly updates on live subscription numbers. Alternatively, you can check the official IPO page for the most recent status.
To apply through Zerodha, log in to your account, then navigate to Portfolio. Find “Manba Finance,” click Bid, enter your UPI ID, quantity, and price, and then submit the form. Finally, approve the mandate in your UPI app.
For Upstox users, log in and select “Manba Finance.” After confirming your application, proceed to approve the mandate in your UPI app.
Follow IPOGMP.IN for Upcoming IPO news and IPO GMP. Connect with us on Twitter, Facebook, and Instagram.
