Manba Finance IPO: know the details, good or bad

Dear investors and financial enthusiasts! Let us talk about Manba Finance IPO. The enthusiasm is increasing day by day. It is a leading non-banking financial company (NBFC) headquartered in Mumbai.
Here we go:

When is Manba Finance IPO?
It will open for subscription on September 23, 2024, and will close on September 25, 2024.

What is the price band of Manba Finance IPO?
The price band of Manba Finance IPO has been fixed at ₹114 to ₹120 per equity share.

What is the lot size of Manba Finance IPO?
The lot size of Manba Finance IPO is 125 shares.

What is the objective of Manba Finance IPO?
The company aims to raise ₹151 crore through this IPO. The net proceeds from the IPO will be utilized for lending activities, repayment of certain borrowings, funding working capital requirements, and general corporate purposes.

Who are the lead managers of Manba Finance IPO?
The lead managers of Manba Finance IPO are ICICI Securities, Edelweiss Financial Services and IIFL Securities.

What is the registrar of Manba Finance IPO?
The registrar of Manba Finance IPO is Link Intime India Private Limited.

What is the grey market premium of Manba Finance IPO?
The grey market premium of Manba Finance IPO is ₹60 per share as of September 22, 2024.

What is the expected listing date of Manba Finance IPO?
The expected listing date of Manba Finance IPO is September 30, 2024.

What are the key strengths of Manba Finance?
The key strengths of Manba Finance include its experienced management team, diversified loan portfolio, and strong financial performance.

What are the key risks associated with Manba Finance IPO?
The key risks associated with Manba Finance IPO include the competitive nature of the NBFC industry, its dependence on external funding, and its exposure to interest rate fluctuations.

I hope this article helps you to gather the details about the Manba Finance IPO. If you have any further questions, please feel free to ask.