Manba Finance IPO Subscription Status / GMP : Investors have given a lot of value to the IPO of non-banking financial company Manba Finance. This IPO has been subscribed more than 215 times on its last day. The size of the IPO is around Rs 151 crore, while investors have bid Rs 22593 crore in it. At the same time, its premium has also reached 50 percent in the gray market. In such a situation, the company’s shares can have a strong listing on BSE and NSE on September 30. Share allotment will be final on 26 September 2024. The company had fixed the price band for the IPO at Rs 114-116 per share.
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Manba Finance IPO : Subscription Status
Manba Finance’s IPO has been subscribed overall 215 times on its last day, 25 September 2024. 35 percent quota in the IPO was reserved for retail investors and it has been filled about 128.76 times. 50 percent quota was reserved for QIB and it has been filled 148.55 times. While 15 percent quota was reserved for NII and it has been filled 505.73 times so far. The size of the IPO was Rs 150.8 crore, while a total bid of Rs 22593.26 crore has been received from investors.
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Manba Finance : GMP 50%
There is a lot of craze in the grey market regarding the IPO of Manba Finance. The unlisted stock of the company is at a premium of Rs 60. While the IPO price is Rs 120. In this regard, listing is expected at Rs 180, which is a 50% premium.
Brokerage house’s view on the company’s outlook
Brokerage House Swastika Investmart According to the report, the company has demonstrated strong growth in revenue, net interest margin and other positive financial metrics. However, it is necessary to carefully consider the size of the company, potential risks and market volatility.
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Brokerage House SMIFS According to him, the company currently has limited presence across the country and the NPA level is high, however it has a good growth track record and there are better growth opportunities in future as well.
Brokerage firm BP Equities According to, the current issue is priced at a P/BV of 2.3x based on FY24 book value, indicating reasonable valuation. BP Equities believes that with its strategic focus on customer satisfaction and innovative products, Manba Finance is well positioned to meet the emerging market needs.
(Disclaimer: The views or advice on the stock are given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)
