New Delhi. If you also invest money in Initial Public Offering i.e. IPO, then you will have an opportunity to earn from tomorrow. Manba Finance's IPO will open tomorrow i.e. on 23rd September. You will be able to bid for the shares of this issue till 25th September. On 30th September, the company's shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Manba Finance's IPO of Rs 150.84 crore is getting a tremendous response in the grey market. Manba Finance IPO share is trading at 50 percent premium in the grey market. According to the upper price band, at least Rs 15000 will have to be invested in this IPO. Looking at the GMP, it can be said that in seven days this IPO can increase this investment to Rs 22500. That is, a listing gain of Rs 7500 is expected.

Established in 1998, Manba Finance Limited is a non-banking finance company (NBFC). It provides new two-wheelers, three-wheelers, electric two-wheelers, electric three-wheelers, used cars, small business loans, and personal loan solutions. Manba Finance Limited's revenue grew by 44% and PAT grew by 90% between the financial years ending March 31, 2024 and March 31, 2023. In FY24, the company's revenue was Rs 191.63 crore, and profit after tax was Rs 31.42 crore.

Price band ₹114 to ₹120
Manba Finance will issue 12,570,000 fresh shares worth ₹150.84 crore for this issue. There is no offer for sale in this issue. That is, the existing investors of the company are not selling even a single share. Manba Finance has fixed the price band of the issue at ₹114 to ₹120. Retail investors can bid for a minimum of one lot i.e. 125 shares. A maximum of 13 lots can be applied for.

You will have to invest a minimum of Rs 15,000.
The price band of Manba Finance IPO is Rs 114-120. If a retail investor applies for 1 lot as per the upper price band of IPO of Rs 120, then he will have to invest at least Rs 15,000. Similarly, a retail investor can apply for a maximum of 13 lots i.e. 1625 shares. For this, Rs 195,000 will have to be invested as per the upper price band.

35% reserved for retail investors
50% of the Manba Finance IPO is reserved for qualified institutional buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).

Manba Finance IPO GMP
In the grey market, the unlisted shares of Manba Finance IPO are trading at a premium of 50 percent. According to IPOwatch.in, a website that monitors the grey market, today the shares of Manba Finance IPO are trading at a premium of Rs 60. According to the upper band price, the shares of Manba Finance can be listed at Rs 180.