Manba Finance Limited’s ₹150 crore initial public offering (IPO) saw a strong response, being fully subscribed within the first hour of bidding. As of 10:27 AM, the total subscription stood at 1.70 times the offered shares.
The Non-Institutional Investors (NIIs) category was subscribed 2.70 times, with bids for 50,96,125 shares against the offered 18,85,500 shares. In the Retail Individual Investors (RIIs) category, 98,17,875 shares were bid for against 43,99,500 shares, with a subscription of 2.23 times.
However, there was no participation yet from Qualified Institutional Buyers (QIBs), with 0 bids against the offered 25,14,000 shares.
The demand from retail and non-institutional investors signals a robust interest in the IPO, with further bidding updates expected as the subscription period continues.
