Manba Finance IPO: All you need to know

Manba finance IPO allotment date

Manba Finance, a non-banking financial company (NBFC), is planning to raise Rs 200 crore through an initial public offering (IPO). The IPO will open for subscription on September 23 and close on September 25. The price band for the IPO has been fixed at Rs 145-150 per share.
The IPO proceeds will be used to augment the company's capital base and to fund its growth plans. Manba Finance is a leading provider of lending and financial services to small and medium-sized enterprises (SMEs). The company has a strong track record of growth and profitability.
The IPO is being managed by ICICI Securities, Axis Capital, and Edelweiss Financial Services.
Here are the key details of the IPO:
* Issue size: Rs 200 crore
* Price band: Rs 145-150 per share
* Issue period: September 23-25, 2024
* Listing: BSE, NSE
Should you invest in Manba Finance IPO?
Manba Finance is a well-run company with a strong track record of growth and profitability. The company is also well-positioned to benefit from the growing demand for lending and financial services from SMEs.
However, there are a few risks to consider before investing in the IPO. These risks include:
* The company's reliance on a single sector (SMEs)
* The company's exposure to interest rate risk
* The company's competition from other NBFCs
Overall, Manba Finance IPO is a good investment opportunity for investors who are looking for a long-term investment in a well-run company with a strong track record of growth and profitability.
Disclaimer: This article is not intended as investment advice. Please consult with a financial advisor before making any investment decisions.