Manba Finance Debuts Strong on BSE at ₹150, See Details Here!Manba Finance Debuts Strong on BSE at ₹150, See Details Here!

Manba Finance shares had a solid market debut on September 30, listing at ₹145 on the NSE, representing a 20.83% premium over the IPO price of ₹120. On the BSE, it listed at ₹150, gaining 25%, indicating strong investor demand.

Manba Finance IPO recorded strong subscription figures on Day 3, with Qualified Institutional Buyers (QIBs) at 148.55 times, Non-Institutional Investors at 511.65 times, and Retail Individual Investors (RIIs) at 144.03 times, culminating in a total subscription of 224.10 times, highlighting robust investor interest.

Manba Finance Limited, an NBFC-BL, specialises 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 customised 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.

The main objective of Manba Finance Limited is to augment its capital base to meet future capital requirements and growth objectives.