Manba Finance Limited IPO
MainboardNon Banking Financial Company (NBFC)
Listed On: Sep 30, 2024 at ₹ 145.0(NSE)
₹ 15000 /125 Shares
Check AllotmentPrice Summary
Last Closing
131.51 (9.59%)52 Week High
157.5052 Week Low
131.22Last Update
7-Oct-2024 3:30 PMManba Finance IPO Details
23 Sep, 2024
Open Date25 Sep, 2024
Close Date26 Sep, 2024
Allotment Date30 Sep, 2024
Listing DateIssue Price
₹114-120 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Pvt LtdList Price
145.0(NSE)Listing Date
2024-09-30Market Lot
Retail : 125 Shares (₹15,000/-)S-HNI : 1,750 Shares (₹2,10,000/-)
B-HNI : 8,375 Shares (₹10,05,000/-)
Lead Manager
Hem Securities LimitedIssue Size
Approx 150 CroresRetail Portion
35% (Number of Retail Applications: 35,196 Approx),(Number of S-HNI Applications : 359 Approx),
(Number of B-HNI Applications : 718 Approx)
Subscription
215.96 timesManba Finance IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 2,514,000 | 1,885,500 1,257,000 628,500 | 4,399,500 | 8,799,000 |
Day 1 - 23-09-24 05:00 PM | 2.36 x | 43.18 37.52 x 54.51 x | 27.71 x | 23.79 x |
Day 2 - 24-09-24 05:00 PM | 4.15 x | 172.26 166.85 x 183.08 x | 70.26 x | 73.23 x |
Day 3 - 25-09-24 05:00 PM | 148.55 x | 506.21 546.56 x 425.49 x | 130.10 x | 215.96 x |
Manba Finance Valuations
EPS Pre IPO
8.34EPS Post IPO
6.25P/E Pre IPO
14.39P/E Post IPO
19.19RoNW
15.66%Manba Finance Company Financials All values are in ₹ Cr.
31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
---|---|---|---|
Assets | 973.75 | 787.25 | 561.46 |
Revenue | 191.63 | 133.32 | 106.62 |
Profit After Tax | 31.42 | 16.58 | 9.74 |
About The Company
Manba Finance Limited is a Non-Banking Financial Company (NBFC) specialising in financing solutions for various needs such as new 2-wheelers, 3-wheelers, electric vehicles (2-wheelers and 3-wheelers), used cars, small business loans, and personal loans. With an Asset Under Management (AUM) exceeding ₹80,000 lakh as of December 31, 2023, they primarily focus on new vehicle loans, which constitute about 99% of its loan portfolio, with an average ticket size of ~₹0.80 lakh.
Headquartered in Mumbai, Maharashtra, Manba Finance operates across 65 locations connected to 28 branches in 5 states in western, central, and north India. They have built strong relationships with over 850 dealers, including more than 60 electric vehicle dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh.
Manba Finance - Strength and Weakness
Established dealer network with over 1,100 dealers across six states.
Technology-driven operations ensure quick loan processing and disbursement.
Experienced promoters with deep industry knowledge driving consistent growth.
High dependence on dealers; 89.13% of loans are sourced through them.
Credit rating downgrades could increase borrowing costs significantly.
Manba Finance - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
Company Promoter(s)
- Manba Investments and Securities Private Limited, Avalon Advisory and Consultant Services Private Limited, Manba Fincorp Private Limited, Manba Infotech LLP and Manish Kiritkumar Shah (HUF).
Manba Finance IPO - Issue Objectives
- The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
Manba Finance IPO - Anchor Investors
Chartered Finance & Leasing is the biggest investor in the anchor book, buying 8.33 lakh equity shares worth Rs 10 crore.
Other seven investors - Finavenue Capital Trust, Antara India Evergreen Fund, Belgrave Investment Fund, Meru Investment Fund, NAV Capital VCC, Rajasthan Global Securities, and Vikas India EIF I Fund picked 4.2 lakh shares each.
Other Details
Manba Finance
324, Runwal Heights Commercial Complex, L.B.S Marg, Opp. Nirmal Lifestyle, Mulund (West), Mumbai - 400 080Phone: +91 22 6234 6598
Email: investorrelation@manbafinance.com
Website: http://www.manbafinance.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: manbafinanceipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Manba Finance IPO - FAQs
Ans. Manba Finance Limited IPO is a Mainboard IPO. The issue is priced at ₹114-120 per equity share. The minimum order quantity is 125 Shares. The IPO opens on Sep 23, 2024, and closes on Sep 25, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Manba Finance Limited IPO opens on Sep 23, 2024 and closes on Sep 25, 2024.
Ans. The size of Manba Finance Limited IPO is Approx 150 Crores.
Ans. The IPO price band is set between ₹114-120 per equity share.
Ans. To apply for Manba Finance Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Manba Finance Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Manba Finance Limited IPO is Sep 26, 2024.
Ans. The Manba Finance Limited IPO will be listed on Sep 30, 2024.
Ans. Follow the steps to check the allotment status for Manba Finance Limited IPO here.