Manba Finance IPO Listing: The company’s shares debuted on the market with great success, going public on the NSE at a price of Rs 145, which was 20.83 percent higher than the IPO price of Rs 120. It gained 25% when it went public on the BSE at Rs 150. Priced between Rs 114 and Rs 120, the Rs 150.84 crore initial public offering (IPO) took place between September 23 and September 25.

After three days of bidding, the Manba Finance IPO completed with an enormous amount of demand—224,05 subscriptions were made to the offering. Bids for 197.14 crore shares were received, in contrast to the 87.99 lakh shares that were offered in the IPO.

Manba Finance Subscription for IPO

Retail investor segment: subscriptions were received 143.95 times.

511.62 times in the Non-Institutional Investors (NII) category

Buyers from Qualified Institutions (QIBs) Number of quotes: 148.55

Details of Manba Finance’s IPO

Manba Finance’s initial public offering (IPO) was up for bid from September 23 to September 25. With a lot size of 125 shares, company offered its shares at a fixed price range of Rs 114–120 per share. Up to 1,25,70,000 equity shares were sold at the IPO, bringing the total amount of money the company raised to Rs 150.84 crore.

Established in 1998, Manba Finance is a non-banking finance firm (NBFC) offering financing options for used automobiles, small business loans, personal loans, and new two-wheelers (2W), three-wheelers (3W), electric two-wheelers (EV2W), and electric three-wheelers (EV3W).