Manba Finance IPO: Know lot size, bidding dates, & other details
Manba Finance is a non-banking finance company (NBFC) specialising in two-wheeler, three-wheeler, and small business loans.
The initial public offering (IPO) of Manba Finance is set to open next week on September 23 for three days.
Manba Finance IPO: Bidding dates
The IPO will open on Monday (September 23) offering a price band between Rs 114 and Rs 120.
The company has fixed a minimum bid for a quantity of 125 shares and its multiples. Investors can apply for the IPO from September 23 to September 25.
Manba Finance IPO: Issue price
The NBFC is raising a total amount of Rs 150.84 crore through the IPO by offering 12,570,000 equity shares.
Manba Finance IPO: Price band
As mentioned earlier, the company has set its price band at Rs 114–Rs 120 per share with a face value of Rs 10.
Manba Finance IPO: Other details
Here are some key highlights of the Manba Finance IPO:
Investors' reservation: QIBs; 50 per cent, NIIs; 15 per cent, and RIIs; 5 per cent
Book Running Lead Manager (BRLM): Hem Securities Ltd
Registrar: Link Intime India
Tentative listing date: September 30, 2024
What does Manba Finance do?
Manba Finance is a non-banking finance company (NBFC) specializing in two-wheeler, three-wheeler, and small business loans. With branches in urban, semi-urban, and metropolitan cities, the company serves surrounding rural areas and has established relationships with over 1,100 dealers, including EV dealers across major states such as Maharashtra, Uttar Pradesh, Madhya Pradesh, Gujarat, and Rajasthan.