Manba Finance shares debut on Monday. Here’s what GMP indicates ahead of listing

Manba Finance shares debut on Monday. Here’s what GMP indicates ahead of listing

The shares of Manba Finance will debut at the bourses on Monday. Ahead of the listing, the company’s shares were trading with a GMP of Rs 38 in the grey market. Considering the upper price band of Rs 120, the stock is expected to list at a premium of 32% over the issue price. However, … Read more

Manba Finance IPO opens on Monday. What GMP signals ahead of subscription?

Manba Finance IPO opens on Monday. What GMP signals ahead of subscription?

The Rs 151 crore initial public offering (IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September 23 and will close on September 25. Ahead of the issue, the grey market premium (GMP) for Manba Finance was around Rs 55-60, suggesting a 46% premium over the issue … Read more