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Manba Finance IPO GMP 2024 Live Updates: Shares of Manba Finance are scheduled to debut on the BSE and NSE on Monday, September 30, 2024. Ahead of the listing, shares of Manba Finance are trading at a grey market premium (GMP) of Rs 38 per share.
The Rs 150.84-crore Manba Finance IPO has garnered overwhelming interest from investors, achieving a remarkable subscription rate of 224.10 times. The public offer received significant demand, primarily from non-institutional investors (NIIs), attracting bids for over 197 crore shares, far exceeding the 87.99 lakh shares available for subscription. The NII category was oversubscribed by 511.65 times, showcasing a robust appetite for the offering, while the Qualified Institutional Buyers (QIBs) category recorded a subscription rate of 148.55 times. Retail participation was also strong, with a subscription rate of 144.03 times.
The Manba Finance IPO included a fresh issuance of 1.26 crore shares, with the price range set between Rs 114 and Rs 120 per share. For retail investors, the minimum lot size was 125 shares, necessitating a total investment of Rs 15,000. This overwhelming response reflects the strong demand for the company’s shares and indicates positive investor sentiment in the market.
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Live Updates
Manba Finance IPO 2024 Live Updates: GMP Ahead of Listing
Shares of Manba Finance are scheduled to debut on the BSE and NSE on Monday, September 30, 2024. Ahead of the listing, shares of Manba Finance are trading at a grey market premium (GMP) of Rs 38 per share.