The shares of Manba Finance will debut at the bourses on Monday. Ahead of the listing, the company’s shares were trading with a GMP of Rs 38 in the grey market. Considering the upper price band of Rs 120, the stock is expected to list at a premium of 32% over the issue price. However, … Read more
The initial public offer (IPO) of Manba Finance has opened for subscription today and will close on September 25. Ahead of the issue opening, the company raised Rs 45 crore from anchor investors. The IPO is entirely a fresh issue of up to 1.25 crore shares with no offer-for-sale component. Through the issue, the company … Read more
The Rs 151 crore initial public offering (IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September 23 and will close on September 25. Ahead of the issue, the grey market premium (GMP) for Manba Finance was around Rs 55-60, suggesting a 46% premium over the issue … Read more
