Manba Finance IPO GMP Today
The Manba Finance IPO GMP is ₹60 (+50.0% over the upper price band of ₹120) as of 20 Sep 2024, giving an estimated listing price of ₹180 per share. On a minimum application of 125 shares, that is an estimated gain of ₹7,500. GMP has risen by ₹27 since tracking began on 30 Sep.
Last updated
- Issue Price
- ₹120
- GMP
- ₹60
- GMP %
- +50.0%
- Est. listing
- ₹180
- Est. gain / application
- +₹7,500
Manba Finance IPO GMP trend
Tracked for 11 days. High ₹64 on 23 Sep, low ₹33 on 30 Sep.
Manba Finance IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (125 sh) |
|---|---|---|---|---|---|
| (latest) | ₹60 | 0 | 50.00% | ₹180 | +₹7,500 |
| ₹60 | 0 | 50.00% | ₹180 | +₹7,500 | |
| ₹60 | -₹4 | 50.00% | ₹180 | +₹7,500 | |
| ₹64 | +₹6 | 53.33% | ₹184 | +₹8,000 | |
| ₹58 | 0 | 48.33% | ₹178 | +₹7,250 | |
| ₹58 | +₹2 | 48.33% | ₹178 | +₹7,250 | |
| ₹56 | +₹16 | 46.67% | ₹176 | +₹7,000 | |
| ₹40 | +₹2 | 33.33% | ₹160 | +₹5,000 | |
| ₹38 | +₹5 | 31.67% | ₹158 | +₹4,750 | |
| ₹33 | 0 | 27.50% | ₹153 | +₹4,125 | |
| ₹33 | — | 27.50% | ₹153 | +₹4,125 |
Est. listing = upper price band (₹120) + GMP. Est. gain = GMP × 125 shares (1 lot, the minimum application).
Manba Finance IPO subscription status
| QIB | 148.55x |
|---|---|
| bNII | 546.56x |
| sNII | 441.82x |
| Retail | 144.03x |
| Total | 224.10x |
Reading the Manba Finance IPO GMP
The grey market premium is the price above the issue price at which Manba Finance IPO shares are informally traded before listing. A GMP of ₹60 on an upper band of ₹120 suggests the shares could open around ₹180, if grey market sentiment holds until listing day.
GMP is not set by the company, the exchanges or SEBI. It moves daily with market conditions and subscription demand. Check it together with the subscription numbers and the company's financials before applying.
Manba Finance IPO GMP: FAQs
- What is Manba Finance IPO GMP today?
- The latest grey market premium (GMP) for the Manba Finance IPO is ₹60 as of 20 September 2024, which is 50.00% over the upper price band of ₹120.
- What is the expected listing price of Manba Finance IPO?
- Based on the current GMP, the estimated listing price of Manba Finance IPO is ₹180 per share (₹120 issue price + ₹60 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Manba Finance IPO?
- The lot size is 125 shares. The minimum application is 1 lot, which costs ₹15,000 at the upper price band.
- Is IPO GMP reliable?
- GMP reflects unofficial trades before listing and changes daily with market mood and subscription demand. It is a useful sentiment indicator but often differs from the actual listing price, so use it alongside the company's financials and subscription data.
GMP is an unofficial indicator compiled from grey market sources and is not investment advice. Actual listing prices can differ significantly. Read the offer document before investing.