Mon Sep 23 16:10:52 UTC 2024: ## Manba Finance IPO Opens Today, Offers Investors a Chance to Invest in Growing NBFC

**Mumbai, India – September 23, 2023:** The initial public offering (IPO) of Manba Finance, a non-banking financial company (NBFC), commenced today, offering investors an opportunity to invest in a company specializing in vehicle financing. The IPO is open until September 25th, with the tentative listing date scheduled for September 30th on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Manba Finance, established in 1998, primarily focuses on financing two-wheelers, three-wheelers, electric two-wheelers, and electric three-wheelers. The company also offers financial solutions for used cars, small business loans, and personal loans.

The IPO’s grey market premium (GMP) stands at ₹60 as of market opening today. Based on the GMP, the potential listing price for Manba Finance’s shares could reach ₹180 per share (₹120 IPO price + ₹60 GMP), signifying a potential listing premium of 50%.

This news comes amidst a positive start for the Indian stock market, with the Sensex and Nifty hitting all-time highs today. Investors are optimistic about the potential growth of Manba Finance and the overall market performance.

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