Manba Finance Ltd was incorporated in 1998, is a non banking financial company(NBFC) who providing a range of financial solutions, including loans for new two- wheeler, three wheeler, electric two- wheeler, electric three wheelers, used cars, small business loan and personal loans etc. We have mentioned Manba Finance IPO GMP(Grey Market Premium in this blog.
This company is targeting two segment customers, Salaried and self employed professionals. This NBFC is financing upto 85% of the vehicle on road price, remaining amount to be contributed by customer itself.
Table of Contents
Manba Finance IPO Details:
| Narration | Remarks |
| IPO Open Date | 23rd Sept 2024 |
| IPO Close Date | 25th Sept 2024 |
| IPO Allotment Date | 26th Sept 2024 |
| Listing Date | 30th Sept 2024 |
| Demate Transfer | 27th Sept 2024 |
| Refund Initiation | 26th Sept 2024 |
| Lot Size | 125 Share |
| Issue Price | Rs.114 to Rs.120 |
| Face Value | Rs.10/Share |
| Issue Size | Approx. Rs.150.84 Crore |
| Fresh Issue | Approx. Rs.150.84 Crore |
| Listing At | NSE, BSE |
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Manba Finance IPO Financial Details:
| Date | Assets | Revenue | Profit |
| Mar 2022 | Rs.561.46 Crore | Rs.106.62 Crore | Rs.9.74 Crore |
| Mar 2023 | Rs.787.25 Crore | Rs.133.32 Crore | Rs.16.58 Crore |
| Mar 2024 | Rs.973.75 Crore | Rs.191.63 Crore | Rs.31.42 Crore |
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Manba Finance IPO GMP, Grey Market Premium
| Date | Grey Market Premium |
| 22-09-2024 | Rs.60(50%) |
Disclaimer:We are not registered with SEBI and not giving any tips or recommendation. This is only for knowledge purpose. Please advise with you financial advisor before taking any IPO or stocks.