Manba Finance Rs 150 crore IPO opens for subscription on Monday; price band set at Rs 114-120. Check details
The anchor book will open for one day on September 20.
The IPO is entirely a fresh issue of up to 1,25,70,000 shares, with no offer for sale component. The total size of the Rs 150.84 crore issue is determined by the upper price band.
The company plans to use the proceeds from the fresh issuance to strengthen its capital base and meet future capital requirements.
The issue will be conducted through the book-building process, with up to 50% allocated to qualified institutional buyers (QIBs), at least 15% reserved for non-institutional investors (NIIs), and at least 35% for retail investors.
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