Manba Finance IPO
Manba Finance IPO is listed on BSE and NSE, priced at ₹114–₹120 per share. The stock debuted at ₹145, delivering a listing gain of 20.8%. The IPO had a lot size of ₹125 shares and a minimum investment of ₹15,000.
Manba Finance Limited IPO
- IPO Dates
- Sep 23, 2024 – Sep 25, 2024
- Price band
- ₹114-120 per equity share
- Minimum Investment
- ₹15,000
- Issue size
- ₹150.84 Cr
- Lot size
- 125
- Allotment Date
- Sep 26, 2024
- Listing
- Sep 30, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Sep 23, 2024
Open Date
Completed
-
Sep 25, 2024
Close Date
Completed
-
Sep 26, 2024
Allotment Date
Completed
-
Sep 30, 2024
Listing Date
Completed
Price Summary
- Last closing
- 108.90 (-9.25%)
- 52 week high
- 159.50
- 52 week low
- 98.00
- Last update
Manba Finance IPO Essentials
Manba Finance IPO Details
Manba Finance IPO is priced at ₹114-120 per share with a total issue size of 150.84 crore. The IPO has a lot size of 125 shares and is listed on BSE and NSE.
- Issue price
- ₹114-120 per equity share
- Lot size
- 125 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Approx 150 Crores
- Total issue size
- 1,25,70,000 shares
(aggregating up to ₹150.84 crore) - Fresh issue
- 1,25,70,000 shares
(aggregating up to ₹150.84 crore) - Listing at
- BSE, NSE
- List price
- 145.0(NSE)
- Listing date
- Registrar
- Link Intime India Pvt Ltd
- Lead manager
-
Hem Securities Limited
Market Lot Size
Investors can bid for a minimum of 125 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 125 | ₹15,000 |
| Retail(max) | 13 | 1625 | ₹1,95,000 |
Manba Finance IPO Reservation
Manba Finance IPO reservation details show category-wise allocation of shares. Out of the total 1,25,70,000 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 37,71,000 (30%) | |
| QIB Shares Offered | 25,14,000 (20%) | |
| NII (HNI) Shares Offered | 18,85,500 (15%) | |
| bHNI > ₹10L | 12,57,000 (10%) | 718 |
| sHNI < ₹10L | 6,28,500 (5%) | 359 |
| Retail Shares Offered | 43,99,500 (35%) | 35,196 |
| Total Shares Offered | 1,25,70,000 (100%) |
Manba Finance IPO Analytics
Manba Finance IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Manba Finance IPO Subscription Status
Manba Finance IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
43.18x
37.52x
54.51x
|
27.71 x | 23.79 x |
|
Day 2
24-09-24 05:00 PM
|
4.15 x |
172.26x
166.85x
183.08x
|
70.26 x | 73.23 x |
|
Day 3
25-09-24 05:00 PM
|
148.55 x |
506.21x
546.56x
425.49x
|
130.10 x | 215.96 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 43,33,200 (Approx) | —x | —x | 116.64x |
Manba Finance Valuations
Earnings
- EPS Pre IPO
- 8.34
- EPS Post IPO
- 6.25
- P/E Pre IPO
- 14.39
- P/E Post IPO
- 19.19
Returns
- ROE
- 21.36%
- ROCE
- 19.39%
- RoNW
- 15.66%
Fundamentals
- Debt / Equity
- 3.75
- Price / Book
- 2.25
Manba Finance Financials( In Crs.)
| 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 |
| Net Worth | 200.61 | 168.43 | 151.74 |
| Reserves & Surplus | 162.46 | 155.54 | 138.96 |
| Total Borrowing | 752.27 | 595.93 | 394.4 |
Manba Finance Company & Offer Insights
About Manba Finance
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 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). are the company's promoters of Manba Finance.
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
Manba Finance raises over Rs 45 crore from 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.
Manba Finance IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Manba Finance Limited | 8.34 | N/A | 53.26 | N/A | 15.66 | 2.26 | Consolidated |
| Baid Finserv Limited | 1.08 | N/A | 13.89 | 13.65 | 7.75 | N/A | Consolidated |
| Arman Financial Services Ltd. | 195 | N/A | 775.7 | 8.57 | 21.36 | N/A | Consolidated |
| Mas Financial Services Ltd | 15.31 | N/A | 108.71 | 18.13 | 14.25 | N/A | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on August 22, 2024, divided by the Basic EPS.
- Return on Net Worth (%) = Net profit after tax, as restated / Average Net worth as restated as at year-end.
- Net worth has been computed as sum of paid-up share capital and other equity.
- NAV is computed as the closing net worth divided by the closing outstanding weighted average number of equity shares.
Manba Finance IPO - Strengths and Risks
Manba Finance IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Manba Finance
+91 22 6234 6598
investorrelation@manbafinance.com
324, Runwal Heights Commercial Complex, L.B.S Marg, Opp. Nirmal Lifestyle, Mulund (West), Mumbai - 400 080
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Manba Finance IPO is a book-built IPO worth ₹150.84 crore. The price band is ₹114–₹120 per share. The IPO opens on Sep 23, 2024 and closes on Sep 25, 2024. It will be listed on BSE and NSE. Link Intime India Pvt Ltd is the registrar.
The price band of Manba Finance IPO is ₹114 to ₹120 per share.
The lot size of Manba Finance IPO is 125 shares.
The minimum investment for Manba Finance IPO is approximately ₹15,000 based on the upper price band .
Manba Finance IPO opens on Sep 23, 2024 and closes on Sep 25, 2024.
The allotment date of Manba Finance IPO is Sep 26, 2024.
Manba Finance IPO is expected to be listed on Sep 30, 2024, on BSE and NSE .
Manba Finance IPO listed on Sep 30, 2024. It was issued at ₹145.0(NSE) and is currently around ₹108.90 as on 27-May-2026 3:30 PM, which is approximately -9.2% versus issue price. The 52-week high is ₹159.50.
Based on listing and post-listing performance, Manba Finance IPO delivered around -9.2% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Manba Finance IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Manba Finance IPO valuation snapshot: P/E 19.19, EPS 6.25, P/B 2.25, RoNW 15.66%, and market cap N/A.
To apply for Manba Finance IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Manba Finance IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Manba Finance IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Manba Finance IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Manba Finance IPO allotment status on IPO Ji for quick and easy access.