All You Need to Know About the Upcoming Manba Finance IPO
Introduction to Manba Finance Limited
Manba Finance Limited is gearing up for its new mainboard IPO, a significant event for investors and the finance market alike. Scheduled from September 23 to September 25, 2024, this IPO offers an attractive pricing range of ₹114 to ₹120 per share. This launch comes with an exciting opportunity for retail investors to participate in a dynamic financial landscape.
Details of the IPO
The IPO consists of a lot size of 125 shares, totaling approximately ₹150.84 crore. With a retail allocation of 35,196 shares, there’s ample opportunity for individuals looking to invest in this burgeoning firm. The demand is anticipated to be robust, as indicated by the allocation percentages, which include 50% for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and a significant 35% reserved for retail participants.
Investing in the Future
Investors should consider this IPO not just as a transaction but as an entry into a growing sector. With Manba Finance Limited poised to make strides in its operations, the timing could be right for investors looking to diversify their portfolios. Be sure to check the latest updates to make informed decisions closer to the IPO dates.
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