How can an investment of Rs 15000 give a profit of Rs 7500 in 7 days? know

New Delhi. If you also invest in Initial Public Offering i.e. IPO, you will have a chance to earn from tomorrow. Munba Finance’s IPO will open tomorrow, September 23. You will be able to bid for shares in this issue till September 25. On September 30, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The Rs 150.84 crore Manba Finance IPO is getting a strong response in the gray market. Manba Finance’s IPO shares are trading at a premium of 50 per cent on the gray market. According to the upper price band, a minimum investment of Rs 15,000 has to be made in this IPO. Looking at the GMP, it can be said that this IPO can raise this investment to Rs 22500 in seven days. This means an increase in the list of Rs 7500 is expected.

Manaba Finance Limited, established in 1998, is a Non-Banking Finance Company (NBFC). It offers new two-wheelers, three-wheelers, electric two-wheelers, electric three-wheelers, used cars, small business loans and personal loan solutions. Manaba Finance Ltd’s revenue grew 44% between March 31, 2024 and the fiscal year ending March 31, 2023, while PAT grew 90%. In FY24, the company’s revenue was Rs 191.63 crore and profit after tax was Rs 31.42 crore.

Also Read: Stock Market: FIIs on Friday broke a 3-year record in the market.

Price band ₹114 to ₹120
Manaba Finance will issue 12,570,000 fresh shares worth Rs 150.84 crore for this issue. There are no offers for sale in this issue. This means that the company’s existing investors are not selling a single share. Manaba Finance has fixed the issue price band at ₹114 to ₹120. Retail investors can bid for a minimum of one lot i.e. 125 shares. Applications can be made for a maximum of 13 lots.

You have to invest a minimum of Rs 15,000.
Manaba Finance IPO price band is Rs 114-120. If a retail investor applies for 1 lot at ₹ 120 in the upper price band of the IPO, he has to invest at least ₹ 15,000. Similarly, a retail investor can apply for a maximum of 13 lots ie 1625 shares. For this one will have to spend Rs 195,000 according to the upper price band.

35 shares are reserved for retail investors.
50% of Manaba Finance IPO is reserved for Qualified Institutional Buyers (QIB). In addition, 35% share is reserved for retail investors and remaining 15% share is reserved for non-institutional investors (NII).

Manaba Finance IPO GMP
The unlisted shares of Munba Finance IPO are trading at a premium of 50 percent in the gray market. According to gray market monitoring website IPOwatch.in, Munba Finance IPO shares are trading at a premium of Rs 60 today. According to the upper band price, Manba Finance shares can be listed at Rs.180.

Disclaimer: Investments made in IPO are subject to market risks. If you want to invest in any of these, consult a certified investment advisor first. News18 will not be responsible for any profit or loss you incur.)

Tags: business news, IPO, Money making tips, Stock market