Manba Finance Ltd.’s initial public offering (IPO) has seen robust demand, with the offering being subscribed 23.79 times as of 17:25 p.m. on Monday. Non-institutional investors (NIIs) led the charge, with their portion being oversubscribed 43.18 times, followed by retail investors, whose portion was subscribed 27.71 times. The Qualified Institutional Buyers (QIB) portion saw a subscription of 2.36 times.

The company aims to raise up to ₹150.84 crore through this IPO, which is an entirely new issue of 1.26 crore shares. The price band for the IPO is set between ₹114 and ₹120 per equity share, with a face value of ₹10 per share. There is no offer for sale component in this IPO.

The minimum application lot size is 125 shares. Prior to the IPO, Manba Finance raised ₹45.25 crore by allotting 37.7 lakh shares at ₹120 each to eight anchor investors.

As of BSE Data –

MANBA FINANCE LIMITED

Last updated on
23 Sep 2024 | 05:00:00 PM
Sr.No. Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 25,14,000 59,35,750 2.36
1(a) Foreign Institutional Investors (FIIs) – 4,32,000 –
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) – 15,375 –
1(c) Mutual Funds – – –
1(D) Others – 54,88,375 –
2 Non Institutional Investors(NIIS) 18,85,500 8,14,23,625 43.18
2.1 Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) 12,57,000 4,71,63,875 37.52
2.1(a) Corporates – 3,97,375 –
2.1(b) Individuals (Other than RIIs) – 4,25,94,125 –
2.1(c) Others – 41,72,375 –
2.2 Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees) 6,28,500 3,42,59,750 54.51
2.2(a) Corporates – 75,625 –
2.2(b) Individuals (Other than RIIs) – 3,18,93,875 –
2.2(c) Others – 22,90,250 –
3 Retail Individual Investors (RIIs) 43,99,500 12,19,29,625 27.71
3(a) Cut Off – 11,28,72,125 –
3(b) Price Bids – 90,57,500 –
4 Employee Reserved – – –
4(a) Employee (Cut off) – – –
4(b) Employee (Price) – – –
5 Reservation PortionShareholder – – –
5(a) RPS (Cut off) – – –
5(b) RPS (Price) – – –
Total 87,99,000 20,92,89,000 23.79
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TOPICS: Manba Finance IPO