Currently, there is a flood of IPOs in the stock market. IPOs are coming one after the other. IPOs of many big companies are being announced. IPOs of big companies like Swiggy to Hyundai Motors are expected to come this year. A few years ago, the country's biggest IPO was of LIC. Which was subscribed many times.

In a few months, the IPO of Tata Tech, a Tata Group company, was released and people bought it in large numbers. But the IPO we are going to discuss today has made its place in the top 10 of that list, in which there is neither a Tata Group company, nor a Bajaj Group company, nor any Adani Group company is mentioned.

Yes, this company is none other than Manba Finance Limited. The last date for its subscription was Wednesday. The special thing is that in terms of subscription, Manba Finance Company has become the top 7th company of India. The special thing is that in terms of subscription, it has left behind companies like Tega Industries and MTAR Technology. Let us also tell you what kind of figures have been seen for Manba Finance Limited?

Manba's record subscriptions

Manba Finance Limited's IPO has received 224 times subscription till Wednesday, the third and last day of bidding. According to NSE data, bids were received for 1,96,32,02,000 shares against the proposed offer of 87,99,000 shares for the Rs 151 crore IPO of non-banking finance company (NBFC) Manba Finance.

The NII segment received a 510.89 times subscription while the QIB quota received a 148.55 times subscription. The retail individual investors (RIIs) portion received a 142.40 times subscription. 1,25,70,000 new equity shares have been issued in the IPO. The price range for the IPO is Rs 114-120 per share.

The proceeds from the issue will be used to meet the company's future capital requirements and for general company operations. Manba Finance provides financial solutions for vehicle loans, used cars, small business loans and personal loans. It currently operates in 66 locations across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.

Top 10 blockbuster mainline IPOs of the country by subscription

This IPO got the highest subscription

If we turn the pages of history, the IPO of a mainline company that received the highest subscription was Latent View Analytics Limited, which received a subscription of 326.49 times. With an issue price of Rs 197, the company's share closed at Rs 488.60 on the day of listing. So far, only three mainstream companies' IPOs have received more than 300 times subscription. These include Vibhor Steel Tubes Limited 320.05 times and Paras Defense and Space Tech 304.26 times. Tega Industries Limited is also in this list, which received a subscription of 219.04 times. While Gala Precision Engineering Limited received a subscription of 201.41 times and MTAR Tech Limited received a subscription of 200.79 times.