Know important details before investing in Manba Finance IPO

Know important details before investing in Manba Finance’s IPO The price range of Rs 114-120 per share has been fixed for the IPO of Rs 151 crore. This IPO will open on September 23 and close on September 25 Half of the issue size is reserved for qualified institutional buyers. While 35 percent will be for retail investors and 15 percent of the shares will be for non-institutional investors. Investors can bid for a minimum of 125 equity shares Manba Finance provides financial solutions for auto loans, used cars, small business loans and personal loans. It currently operates in 66 locations across six states – Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh. Its AUM grew to Rs 936.85 crore in FY 2024 from Rs 495.82 crore in FY 2022. It had a CAGR of 37.5 percent.