Manba Finance IPO: Check Anil Singhvi's view on this 'small size, small price' IPO before subscribing

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: The Rs 151-crore initial share sale received bids for 64,39,20,375 shares against 87,99,000 shares on offer, as per NSE data.

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: The price range for the offer is Rs 114-120 per share.

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: The IPO lot size is 125 shares.

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: According to Zee Business Managing Editor Anil Singhvi, investors can subscribe to this IPO for listing gains. 

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: According to Singhvi, the 'Small Size, Small Price' IPO has seen a good response from investors. He said that whether one should keep the stock for the long term is something that can be decided after the listing.

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO

- Promoters with strong background

- Good relationship with dealers

- Niche player in two-wheeler financing

- Good growth track record 

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: Singhvi said that there is nothing company-specific negative.

- Very competitive business 

- Mainly focused in Maharashtra 

- Reasonable valuation

- High attrition rate

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: The IPO will conclude on September 25.

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: Manba Finance provides financial solutions for auto loans, used cars, small business loans and personal loans.

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: Proceeds from the issues will be utilised to augment the capital base to meet the company's future capital requirements towards onward lending and for general corporate purposes.

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: Hem Securities is the manager of the offer.

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: The allotment is expected on September 26, 2024.

Manba Finance IPO allotment date, listing date; Anil Singhvi View on Manba Finance IPO: The listing is expected on September 30.