Manba Finance Limited IPO oversubscribed by a whopping 225 times . Check the Current GMP and Allotment here
Manba Finance Ltd is an NBFC specializing in financing for new 2-wheelers, 3-wheelers, electric vehicles, used cars, small business, and personal loans. With an AUM of over ₹800 crore as of December 31, 2023, 99% of its portfolio is focused on new vehicle loans with an average ticket size of ₹0.80 lakh. Headquartered in Mumbai, it operates across 65 locations and 28 branches in 5 states, partnering with over 850 dealers, including 60+ electric vehicle dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh.
Manba Finance Ltd Subscription Details
| Category | Subscription (Times) |
|---|---|
| QIBs | 148.55x |
| NII Total | 511.62x |
| Retail | 143.95x |
| Total | 224.05x |
Read More : Phoenix Overseas IPO oversubscribed by a whopping 125 times , Check the Current GMP here
Manba Finance Ltd Allotment & Listing Date
The results of the allotment will be out on Thursday i.e. 26/09/2024 and will List on Monday i.e. 30/09/2024 .
To check the allotment, click here
Manba Finance Ltd GMP Today
The current GMP of the company is around Rs.53-55 which is around 44% of the Issue price . It is expected that investors can get a profit of 44% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
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