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Manba Finance Limited IPO GMP Today, Price Range and Company Details

Manba Finance Limited IPO offers shares at ₹114 - ₹120, with a ₹60 Grey Market Premium. Available in 125 share lots, the subscription runs from September 23 to September 25, 2024.
Manba Finance Limited IPO GMP Today, Price Range and Company Details

Manba Finance Limited IPO has a ₹60 Grey Market Premium as of September 21, 2024, with a price range from ₹114 to ₹120 per share. Offering lots of 125 shares, the subscription window is open from September 23 to September 25, 2024.

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Manba Finance Limited IPO GMP Today

The Grey Market Premium (GMP) for Manba Finance Limited is ₹60 as of September 21, 2024. This assessment coincides with a price from ₹114 to ₹120 per share for the IPO.

Manba Finance Limited IPO Review

Manba Finance Limited’s financial overview shows rising revenue, from ₹133.32 crores in March 2023 to ₹191.63 crores by March 2024. This growth is supported by substantial increases in profitability and EPS, showcasing strong investor confidence.

The company’s financial health is robust, as evidenced by growing assets and a reduced debt-equity ratio. Equity and liabilities have consistently increased, reflecting expansion potential, while an improvement in RoNW to 15.66% highlights enhanced shareholder value generation.

To get a full IPO review, click here Manba Finance Limited IPO

Manba Finance Limited IPO Date

Manba Finance Limited will start accepting subscriptions from September 23, 2024, to September 25, 2024.

Manba Finance Limited IPO Price

Manba Finance Limited’s price range is from ₹114 to ₹120 per share with a face value of ₹10 each.

Manba Finance Limited

Manba Finance Limited, an NBFC-BL, specializes in financial solutions for new and electric two-wheelers, three-wheelers, used cars, small businesses, and personal loans, with an AUM over ₹90,000 lakhs as of March 31, 2024. They offer customized loan schemes for salaried and self-employed customers, funding up to 85% of the vehicle’s on-road price, ensuring quick approvals and efficient collections.

How To Apply For Manba Finance Limited IPO?

To apply for the Manba Finance Limited IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Manba Finance Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Manba Finance Limited IPO at Alice Blue in just a few clicks!

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