The Manba Finance IPO opened for subscription from September 23 to September 25, 2024, with a price band between ₹114 to ₹120 per share. Aiming to raise ₹150.84 crores by issuing 12.57 million shares, the IPO received a massive subscription rate of 224.1 times. The allotment date is set for September 26, 2024, and the shares will be listed on BSE and NSE on September 30, 2024. Want to learn how to analyze IPOs like this? Visit GRM IIT for expert trading insights and training.
Manba Finance IPO Size: Key Details
The Manba Finance IPO size is ₹150.84 crores, positioning it as a major offering in the financial sector. The funds raised will be used to enhance the company’s vehicle and personal loan operations. This IPO has attracted significant attention due to Manba Finance’s strong standing in the Non-Banking Financial Company (NBFC) market.
Is Manba Finance IPO Good or Bad for Investors?
If you’re wondering whether the Manba Finance IPO is good or bad, the subscription numbers speak for themselves. Here’s the breakdown:
Subscription Data:
- Qualified Institutional Buyers (QIBs): 148.55 times
- Retail Investors: 144.03 times
- Non-Institutional Investors (NIIs): 511.65 times
- Total Subscription Rate: 224.1 times
These figures indicate significant market confidence, suggesting that the Manba Finance IPO is a good opportunity for both short-term and long-term investors.
How to Check Manba Finance IPO Allotment Status KFintech?
To check the Manba Finance IPO allotment status, follow these steps:
Steps to Check Allotment Status:
- KFintech Website: Use your PAN or application number to view your allotment.
- BSE/NSE Websites: Check the official BSE/NSE links for allotment status updates.
Ensure you check your Manba Finance IPO allotment status on September 26, 2024, to confirm if you’ve received shares in this highly subscribed IPO.
Manba Finance IPO Listing Date and Price
The Manba Finance IPO listing date is September 30, 2024, and the shares will be listed on BSE and NSE. The expected Manba Finance IPO listing price is around ₹145 per share. Based on the Grey Market Premium (GMP), which is between ₹25 and ₹30, the market outlook is positive, signaling potential listing gains for investors.
Manappuram Finance IPO Price and Date Comparison
For comparison, you can look at the Manappuram Finance IPO price and Manappuram Finance IPO date. Although these are different offerings, understanding the performance of past NBFC IPOs can provide insights. Investors often check both Manba Finance IPO details and Manappuram Finance IPO details to make informed decisions.
Which IPO is the Biggest IPO in India?
While the Manba Finance IPO isn’t the largest, its overwhelming demand has made it a significant event in the financial sector. If you’re curious about which IPO is the biggest IPO in India, it’s important to keep track of the largest IPOs by size and impact. Learning how to assess issue size, demand, and fundamentals is crucial for success in IPO investments.
Manba Finance IPO Good or Bad? Final Verdict
Is the Manba Finance IPO good or bad? With a subscription rate of 224.1 times and strong investor interest, this IPO is considered a good investment opportunity. Manba Finance’s growth potential, backed by its strong asset base, makes it an attractive choice for investors.
Manba Finance IPO GMP InvestorGain
The Manba Finance IPO GMP (Grey Market Premium), as reported by InvestorGain, is between ₹25 and ₹30, showing market confidence in the company’s growth prospects. This Manba Finance IPO GMP suggests strong potential for listing gains on September 30, 2024.
Manba Finance IPO Allotment Status Check KFintech: The Process
Here’s how to check your Manba Finance IPO allotment status KFintech:
Step-by-Step Guide:
- Visit the KFintech website.
- Enter your PAN or application number.
- Check your allotment details instantly.
This quick process ensures you stay informed about your Manba Finance IPO allotment status as soon as it is available.
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