Manba Finance IPO Subscription Status

Manba Finance's initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing significantly over the three-day period. Starting strong on day one, the IPO witnessed a surge in demand, resulting in an impressive 92.72 times oversubscription by 10:47:08 AM on day three. This response underscores the strong market appetite for Manba Finance's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 23rd September 2024, has seen significant growth in investor participation across all categories. Manba Finance attracted bids for 81,58,69,000 equity shares amounting to ₹9,790.43 crore.

The Non-Institutional Investors (NII) segment, in particular, has shown overwhelming demand, followed by strong interest from Retail Investors. The Qualified Institutional Buyers (QIB) have also shown moderate participation.

Subscription Status of Manba Finance IPO for Days 1, 2, and 3:

Here are the subscription details for Manba Finance IPO as of Day 3 (25th September 2024, 10:47:08 AM):

Total Applications: 2,656,798

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of Manba Finance is currently subscribed 92.72 times, with exceptional demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 234.11 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 82.68 times.
• Qualified Institutional Buyers (QIB) have shown moderate interest, with a subscription ratio of 4.26 times.
• The overall subscription trend increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Manba Finance IPO - Day 2 Subscription at 73.65 Times

Key Highlights:

• On Day 2, Manba Finance's IPO was subscribed 73.65 times, with strong demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) showed significantly increased interest with a subscription ratio of 172.49 times.
• Retail investors showed increased interest with a subscription ratio of 71.01 times.
• Qualified Institutional Buyers (QIB) showed moderate interest with a subscription ratio of 4.15 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Manba Finance IPO - Day 1 Subscription at 24.12 Times

Key Highlights:

• The IPO of Manba Finance was subscribed 24.12 times on Day 1, with strong initial demand across all investor categories.
• Non-Institutional Investors (NII) showed early strong interest with a subscription ratio of 43.34 times.
• Retail investors showed significant initial interest with a subscription ratio of 28.32 times.
• Qualified Institutional Buyers (QIB) showed moderate initial interest with a subscription ratio of 2.36 times.
• The first-day response laid a strong foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Manba Finance Ltd:

Manba Finance Limited, founded in 1998, is a non-banking finance company (NBFC-BL) providing a range of financial solutions for new and electric two-wheelers, three-wheelers, used cars, small business loans, and personal loans. The company's target customers are primarily employees and self-employed individuals, offering financing of up to 85% of the vehicle's purchase price. Manba Finance has established relationships with over 1,100 dealers across six states in India. As of March 31, 2024, the company employed 1,344 people. For FY 2024, Manba Finance reported a revenue of ₹191.63 crore and a profit after tax (PAT) of ₹31.42 crore.

Read more about Manba Finance IPO

Highlights of the Manba Finance IPO:

• IPO Date: 23rd September 2024 to 25th September 2024
• Listing Date: 30th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹114 to ₹120 per share
• Lot Size: 125 Shares
• Total Issue Size: 12,570,000 shares (aggregating up to ₹150.84 Cr)
• Fresh Issue: 12,570,000 shares (aggregating up to ₹150.84 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Link Intime India Private Ltd