Manba Finance, a Mumbai-based NBFC specializing in two and three-wheeler loans, saw its ₹151 crore IPO get an overwhelming response, subscribed 224 times.
High net worth investors led the demand, with their portion subscribed 512 times, while institutional and retail investors' portions were subscribed 149 and 144 times, respectively. The IPO, priced between ₹114-₹120 per share, will list on BSE and NSE on September 30. This demand highlights the ongoing IPO frenzy in India, with 2024 already seeing IPOs raise nearly ₹84,900 crore, surpassing 2023's ₹73,100 crore.