Manba Finance's shares debuted on the BSE at Rs 150, a 25% premium over its issue price of Rs 120. The stock also listed on the NSE at Rs 145.
The company aims to use the IPO proceeds to strengthen its capital base. In FY24, Manba saw strong growth in assets under management (AUM), reaching Rs 936.85 crore, a 37.46% CAGR from FY22. The company's profits surged by 89% to Rs 31.41 crore, with revenue up 44% to Rs 191.58 crore, driven by its two-wheeler loan segment.