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 current subscription status of Manba Finance Limited IPO?

Manba Finance Limited IPO has received a total subscription of 224.10 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

224.10x

Total Demand

QIB Multiplier

148.55x

Institutions & Funds

NII / HNI

511.65x

High Net-Worth

Retail (RII)

144.03x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 224.10x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	2,514,000	373,448,500	148.55x
NIB	1,885,500	964,714,625	511.65x
HNIs(10L +)	1,257,000	687,028,500	546.56x
HNIs (2-10L)	628,500	277,686,125	441.82x
RETAIL	4,399,500	633,672,000	144.03x
Total	10,684,500	2,936,549,750	224.10x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 119.46x

Category	Applications Reserved	Applications Received	Times Subscribed
HNIs (10L+)	718	77,465	107.89x
HNIs (2-10L)	359	150,693	419.76x
RETAIL	35,196	4,105,140	116.64x
Total Applications	36,273	4,333,298	119.46x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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 Schedule:

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 (GMP) for Manba Finance Limited IPO is ₹33 per equity share. Based on the upper price band of ₹114 to ₹120 per equity share, the estimated listing price is ₹153 (+27.5% expected listing 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, the expected profit per application lot is approx ₹4,125 (+27.5% gain). Minimum application cost is approx ₹15,000.

What is the issue size and price band for Manba Finance Limited IPO?

The Manba Finance Limited IPO aggregate issue size is ₹150.84 Crores with an equity price band set at ₹114 to ₹120 per equity share. The retail lot size is 125 shares requiring a minimum capital outlay of approx. ₹15,000.

How can I check Manba Finance Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 224.10x (Retail: 144.03x, QIB: 148.55x, NII: 511.65x). You can track live multiples directly on our dedicated subscription page.

Where and when will Manba Finance Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-09-26. Investors can verify status using PAN card or application number.

When is the listing date for Manba Finance Limited IPO?

Manba Finance Limited shares are scheduled to list on NSE and BSE on 2024-09-30.