Manba Finance lists with 25% premium on the BSE
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Manba Finance has debuted at Rs 150.00 on the BSE, up by 30 points or 25% from its issue price of Rs 120.00.
The scrip is currently trading at Rs 157.45, up by 37.45 points or 31.21% from its issue price.
It has touched a high and low of Rs 157.45 and Rs 144.00 respectively. So far 13.32 lakh shares were traded on the counter.
The offering, which was open for subscription between September 23, 2024 and September 25, 2024 was subscribed 224.10 times. The issue price was fixed at Rs 120.00 per share i.e. at upper end of price band of Rs 114-120 apiece.
Manba Finance is a registered as a non-banking finance company engaged in the business of providing finance. The company primarily deals in the financing of new 2Ws, 3Ws, EV2Ws, EV3Ws and personal loans.
