
Financial Services · NSE / BSE
Established in 1998, Manba Finance Limited is an NBFC-BL that provides financing solutions for two-wheelers, three-wheelers, electric vehicles, used cars, small business loans, and personal loans. It serves both salaried and self-employed customers and finances up to 85% of a vehicle’s purchase value. The company has a strong presence across urban, semi-urban, and rural regions, and has partnered with more than 1,100 dealers, including around 190 EV dealers in several states. As of March 31, 2024, Manba Finance employed 1,344 people.
Price Band
₹114 – ₹120
Issue Size
₹151 Cr
Lot Size
125 shares
GMP
+27.5%
Est. Listing
₹153
at current GMP
Subscribed
224.10x
overall
Open
23 Sep 2024
Close
25 Sep 2024
Allotment
26 Sep 2024
Refund
27 Sep 2024
Demat Credit
28 Sep 2024
Listing
30 Sep 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
26 Sep 2024
Basis finalization
Refunds Initiate
27 Sep 2024
Mandate release
Demat Credit
28 Sep 2024
Shares in demat
Listing Debut
30 Sep 2024
Trading begins
Manba Finance Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹150.84 Crores. The shares are offered at a price band of ₹114 to ₹120 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 125 shares (approx. ₹15,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-28, while un-allotted funds or UPI block mandates will be released on 2024-09-27.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.