Manba Finance, a company providing financing facility to 2-wheeler vehicles, has been listed in the stock market today. The company's shares have been listed on both the exchanges i.e. NSE and BSE today. The special thing is that this stock has been listed at a premium price compared to the issue price. In this way, those investors who got the allotment of this IPO have benefited on the first day of listing.

Manba Finance's stock was listed on NSE at ₹ 145 per share. Whereas, it was listed on BSE at ₹ 144 per share. In this way, it was listed at a premium of about 21% compared to the issue price.

There were also indications from the gray market that the shares of this company would be listed at a premium price. The gray market is a kind of unofficial market. Most investors look at the gray market premium for listing indications. The price band for Manba Finance IPO was fixed at ₹ 114 - ₹ 120 per share. The company has raised ₹ 150.84 crore through this IPO. This IPO is a completely fresh issue. Before launching the IPO for subscription, the company had raised ₹ 45.25 crore from anchor investors. The IPO received tremendous response The special thing is that this IPO has received a great response from investors. It was subscribed a record 224.05 times. The company has received bids for 197.18 crore equity shares in exchange for 87.99 lakh equity shares. It was subscribed 148.55 times in the QIB category. It has been subscribed 511.62 times from the NII category and 143.95 times from the retail category. Where will the company use the funds? This Maharashtra-based company will use the funds raised from the IPO to increase its capital base, so that future needs can be met. How are the company's finances? During the last 3 years, the company's finances have seen consistent improvement. In the financial year 2024, Manba Finance's income stood at ₹ 191.63 crore, which was at ₹ 133.32 crore in the previous year. During this period, the company's profit also increased to ₹ 31.42 crore. In its previous financial year, it was at ₹ 16.58 crore.