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Manba Finance IPO Opens with Strong Subscription, Shares Trade at ₹60 Grey Market Premium

The IPO of Manba Finance Limited opened today, offering ₹150.84 crore worth of shares with a price band of ₹114 to ₹120 per share. The issue will remain open until September 25, 2024. The offering consists entirely of fresh shares, with proceeds going towards the company’s expansion. Bidders can apply in lots of 125 shares. By mid-morning on the first…