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News Details

17/09/2024 14:20

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Manba Finance announces launch of initial public offering

Manba Finance Ltd. has announced public offering of 12570000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 110.00 per share. The gross proceeds of the issue are expected to be Rs 15,084.00 lakhs.

The company's initial public offer (IPO) will open on 23 September 2024 and is expected to close on 25 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 114.00-120.00 per share.

The IPO includes a fresh Issue of 12570000 Equity Shares of the Company at an price of Rs 120.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 125 shares with bids in multiples of 125.

Manba Finance Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.