Manba Finance IPO: NBFC mobilises ₹45 crore from anchor investors ahead of subscription | Stock Market News

Manba Finance IPO: Manba Finance Limited has raised ₹45.25 crore from anchor investors ahead of its IPO subscription opening for bidding. The non-banking financial company (NBFC)’s initial public offering (IPO) is all set to hit the D-Street for its three-day subscription on Monday, September 23, 2024 which will remain open for investors till Wednesday, September 25, 2024.

Manba Finance Ltd allocated a total of 37,71,000 equity shares at Rs. 120 per share on Friday, September 20, 2024, to the anchor investors. The institutions that participated in the anchor round were Chartered Finance & Leasing Limited, Finavenue Capital Trustfinavenue Growth Fund, Anrara India Evergreen Fund, Belgrave Investment Fund, Meru Investment Fund PCC-Cell 1, Nav Capital VCC – Nav Capital Emerging Star Fund, Rajasthan Global Securities Private Limited, and Vikasa India EIF I Fund – Incube Global Opportunities.