Thu Sep 26 10:05:59 UTC 2024: ## Manba Finance IPO Over-Subscribed by 224 Times, Strong Listing Expected

**Mumbai, September 26, 2024:** Manba Finance Limited’s initial public offering (IPO) has witnessed overwhelming response from investors, with the public offering receiving bids over 200 times the number of shares offered.

The IPO opened for subscription on September 23 and closed on September 25, attracting strong interest across all categories. The retail portion was subscribed 143.95 times, the qualified institutional buyers (QIB) category saw 148.55 times subscription, while the non-institutional investors (NII) segment witnessed a staggering 511.62 times oversubscription.

The price band for the IPO was set at Rs 114-120 per share. Investors who bid for the IPO can check their allotment status online through the BSE website or the website of Link Intime India Private Ltd, the registrar for the issue.

The strong demand for the IPO is reflected in the Grey Market Premium (GMP), which currently stands at Rs 58. This translates to a projected listing price of Rs 178, indicating a potential gain of 48.33% per share.

Manba Finance’s shares are expected to be listed on both the BSE and NSE on Monday, September 30, 2024.

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