The book built issue of Manba Finance Company's IPO is Rs 150.84 crore. This issue of the company's IPO is the latest issue of 1.26 crore shares in total. Manba Finance Company is opening its IPO for subscription on September 23, 2024, and it will close on September 25, 2024. Manba Finance Company's IPO will be listed on BSE and NSE. Apart from this, the possible listing date has been fixed on September 30, 2024.
Talking about the price band of Manba Finance Company, its price band has been fixed from Rs 114 to Rs 120 per share. The company has kept the minimum lot size of 125 shares for application. The minimum investment amount by retail investors is ₹ 15,000. The minimum lot size investment for sNII is 14 lots (1,750 shares). This amounts to Rs 210,000 and for bNII it is 67 lots i.e. 8 thousand 375 shares, the total amount of which is equal to Rs 10 lakh 5 thousand.
Manba Finance IPO Details
IPO Date | September 23, 2024 to September 25, 20024 |
Listing Date | [.] |
Face Value | ₹10 per share |
Price Band | ₹114 to ₹120 per share |
Lot Size | 125 Shares |
Total Issue Size | 12,570,000 shares (eggregating up to ₹150.84 Cr) |
Fresh Issue | 12,570,000 shares (Eggregating up to ₹150.84 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE and NSE |
Share holding pre issue | 37,669,410 |
Share holding post issue | 50,239,410 |
Manba Finance IPO Timeline
The Manba Finance IPO is being opened for subscription on September 23, 2024 and the closing date for subscription is September 25, 2024.
IPO Date | Monday, 23 September, 2024 |
IPO Close Date | Wednesday, 25 September, 2024 |
Basis of Allotment | Thursday, 26 September, 2024 |
Initiation of Refunds | Thursday, 26 September, 2024 |
Credit of Shares to Demat | Friday, 27 September, 2024 |
Listing Date | Monday, 30 September, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on 25 September, 2024 |
About Manba Finance Company Limited
Manba Finance Company was established in the year 1938. Manba Finance Limited is a non-banking finance company that provides financial solutions for new two-wheelers (2W), three-wheelers (3W), electric two-wheelers (EV2W), electric three-wheelers (EV3W), used cars, small business loans, and also personal loans.
The target audience of Manba Finance Company is primarily employees and self-employed. The company generally finances up to 85% of the purchase price of the vehicle purchased by the customer and prefers the customer to contribute the balance amount.
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