Manba Finance IPO opens tomorrow; 10 Key points to note before subscribing to the public issue
Manba Finance Limited is a non-banking finance company (NBFC-BL) offering financial solutions for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans and personal loans. The IPO comprises fresh issuance of equity shares worth ₹150.84 Cr.
Manba Finance IPO date: The book build issue will open on September 23rd, 2024, and will remain open until September 25th, 2024.
Price band: The price range for the offer has been fixed at ₹114 to ₹120 per share
IPO size: The book build issue is complete fresh shares, which aims to raise ₹150.84 crore
IPO Lot size: Investors can bid for a minimum of 125 equity shares and in multiples thereof. At the upper end of the price band, one lot is worth Rs 15,000 and maximum of 13 lots, i.e. 1625 equity shares and its worth Rs. 1,95,000
Grey market premium: As per the sources, the IPO is trading at a premium of Rs 60 per shares in the grey market
Lead managers: Hem Securities Limited has been appointed lead manager of the public offer.
Registrar: Link Intime India Private Limited is the Registrar for this issue.
IPO allotment date: The most likely Manba Finance IPO allotment date is 26th September 2024.
IPO listing date: The listing date for Manba Finance IPO is on 30th September 2024.
Promoters: The Company’s Corporate Promoters are Manba Investments and Securities Private Limited, Avalon Advisory and Consultant Services Private Limited, Manba Fincorp Private Limited, Manba Infotech LLP and Manish Kiritkumar Shah (HUF).
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