What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Manba Finance Limited IPO?

Based on the upper price band of ₹120 and current GMP of ₹33, the estimated listing price is ₹153 (approx. 27.5% gain).

What is the expected profit per lot for Manba Finance Limited IPO?

With a lot size of 125 shares and current GMP of ₹33, expected profit per retail application lot is approximately ₹4,125.

IPO GreyPremiumLIVE

Grey Market Intelligence

Manba Finance Limited

ListedMainboard

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

₹33

+27.5%

Est. Listing

₹153

at current GMP

Subscribed

224.10x

overall

Open

23 Sep 2024

25 Sep 2024

Allotment

26 Sep 2024

Refund

27 Sep 2024

Demat Credit

28 Sep 2024

Listing

30 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Manba Finance Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹33+27.5%

Issue Price (Upper)

₹120

Band: ₹114 – ₹120

Estimated Listing Price

₹153

Upper price + GMP

Lot Size

125 shares

Min investment ₹15,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹33	27.5%	₹153
30 Oct 2026	+₹33	27.5%	₹153
29 Oct 2026	+₹30	24.8%	₹150

About Manba Finance Limited Public Issue & Market Profile

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.

Public Issue & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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.

Frequently Asked Questions

What is Manba Finance Limited IPO GMP today?

The latest grey market premium for Manba Finance Limited IPO is ₹33, which indicates an expected listing price of ₹153.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.