Manba Finance IPO
Manba Finance Limited (MANBA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 September 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +61.6% (likely range +43% to +116%), day's high +77.0%, chance of a gain 97%. Actual: +20.8% at the open, +26.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 25,14,000 | 37,34,48,500 | 149x | |
| NII (HNI) total | 18,85,500 | 96,47,14,625 | 512x | |
| Big NII (above ₹10 lakh) | 12,57,000 | 68,70,28,500 | 547x | |
| Small NII (₹2-10 lakh) | 6,28,500 | 27,76,86,125 | 442x | |
| Retail | 43,99,500 | 63,36,71,750 | 144x | |
| Total | 87,99,000 | 1,97,18,34,875 | 224x |
Bids on NSE and BSE together, as published by NSE, as of 25 Sep 2024, 07:00 PM. Shares offered exclude the anchor portion. 28% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Manba Finance's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Vibhor Steel TubesFeb 2024 | 179x | 721x | 188x | 299x | ₹77.3 Cr | +181.5% | +195.5% |
| Gala Precision EngineeringSep 2024 | 233x | 415x | 91.9x | 201x | ₹168 Cr | +36.3% | +43.1% |
| Astron Paper & Board MillsDec 2017 | 103x | 397x | 77.9x | 243x | ₹80.0 Cr | +130.0% | +141.5% |
| Unicommerce eSolutionsAug 2024 | 139x | 252x | 131x | 168x | ₹277 Cr | +117.6% | +137.0% |
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| BLS E- ServicesFeb 2024 | 123x | 300x | 237x | 162x | ₹311 Cr | +125.9% | +171.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Hem Securities | 2 | +34.7% | 100% |
Offer documents (NSE)
Frequently asked
What is the Manba Finance IPO price band and lot size? ₹114–120 per share, with a lot of 125 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 224x overall: QIB 149x, NII 512x, retail 144x.
How did it list? It opened at ₹145, +20.8% against the issue price of ₹120, and closed its first day +26.9%.
