Manba Finance IPO GMP Today 2024 Details: Manba Finance company will Open the Manba Finance IPO on 23 September 2024 & will end on 25 September 2024. Investors searching for information such as Manba Finance IPO Details, Manba Finance Listing price & GMP price can check this page. we have shared the information below., please read the article before applying for the Manba IPO.
Manba Finance IPO Details 2024
Manba Finance IPO will open for bidding for the IPO size – ₹150.84 crores with a price value of Rs 114 to 120. IPO will open to apply from 23 to 25 Sep 2024. Investors can apply for the IPO through online apps such as Zerodha, Groww, Angel Broker & banking apps, etc. Investors can apply for the 125 shares under this IPO. face value will be 10rs. Once the IPO is closed, Investors can check the registrar website linkintime.co.in website to check the status.
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| Company Name | Manba Finance Ltd |
| IPO Name | Manba Finance IPO |
| Size of IPO | 150 Crore |
| Allotment size | 125 shares |
| apply dates | 23 to 25 September 2024 |
| face value | 10 Rupees |
| Listing date | 30 Sep 2024 |
| Price of IPO | 114 to 120 Rupees |
| allotment status | 26 September 2024 |
Manba Finance IPO GMP Today 2024 with KOSTAK Rates?
Investors have started checking the GMP Value ahead of the IPO release date. As per the official update, the Grey Market price(GMP) value will hover around Rs 60-80 before it is listed as BSE/NSE. Please check the day-by-day Manba Finance IPO GMP Value today with KOSTAK rates.
| Date | GMP Value | KOSTAK rates |
| 23 September 2024 | ||
| 22 September 2024 | Rs 60 | – |
| 21 September 2024 | Rs 60 | – |
| 20 September 2024 | Rs 60 | not yet decided |
Manba Finance IPO Listing price & date 2024?
As per the BSE, the Manba Finance IPO Listing Date is 30 September 2024. The allotment will be credited to the account of the Investors by 27 September 2024. Manba Finance IPO Listing price will be set based on GMP value with KOSTAK Rates. As per the IPO experts and industry reputation, the Manba IPO Listing price will be Rs 180 to 200.
Manba Finance IPO is good or Bad?
Manba Finance is a financial company providing a wide range of financial solutions such as loans on two-wheelers, three-wheelers, and personal & business loans. The company has shown good profit in the past. Being a financial company, the company has shown growth and profit has increased from Rs 09 crore in FY 22 to 32 Crore for FY 2023-2024.
Manba Finance IPO is good to Buy as per their Company’s growth & business. According to experts, there might be some risk as the company faces challenges while recovering loans. Also, the competition has increased as other banks have also started providing banking solutions.
The conclusion is that Manba finance IPO is good to Buy but holding it for long could be risky. If investors are ready to take risk can apply for the IPO.
Manish Narela has a mass communication and journalism post-graduate Degree. He has 10 Years experience in the education field as a content writer and CTO. He has worked as a news reporter and sub-editor and enjoys working in the education domain.