Manba Finance IPO
NBFC/2W Finance - Listed on 30 September 2024
Manba Finance IPO listing summary
Manba Finance (NBFC/2W Finance) closed its IPO window in 2024 and listed on NSE and BSE on 30 September 2024 at an upper band issue price of Rs 120, opening at Rs 145 for a listing gain of +20.8% and closing day one at Rs 152.25 (+26.9% on closing basis). The IPO was subscribed 224.10x overall - QIB 148.55x, HNI/NII 428.81x, Retail 94.24x. The total issue size was Rs 150.84 Cr (Fresh Issue Rs 150.84 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Manba Finance IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 235 | +216.67% |
| Day 2 | Rs 245 | +212.50% |
| Day 3 | Rs 240 | +216.67% |
| Day 4 | Rs 250 | +216.67% |
| Day 5 | Rs 260 | +216.67% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Manba Finance IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Manba Finance IPO - FAQs
What was the listing gain of Manba Finance IPO?
Manba Finance IPO listed at +20.8% versus the upper issue price of Rs 120 on 30 September 2024.
How many times was Manba Finance IPO subscribed?
Manba Finance IPO was subscribed 224.10x overall. QIB portion was subscribed 148.55x, HNI / NII 428.81x and Retail 94.24x.
What was the IPO GMP for Manba Finance?
IPO GMP started at Rs 235 on Day 1 and moved to Rs 260 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.