Manba Finance IPO Details: The Manba Finance IPO will open on September 23, 2024, and close on September 25, 2024. It is a Book Built Issue, aiming to raise approximately ₹150.84 crores. This includes a fresh issue of ₹150.84 crores along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the IPO is set between ₹114 and ₹120 per share. The allocation quota is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI). Manba Finance shares are scheduled to be listed on the BSE and NSE on September 30, 2024, with allotments expected by September 26, 2024.
In terms of financial performance, the company reported revenue of ₹191.63 crores for 2024, a significant increase from ₹133.32 crores in 2023. The profit for 2024 stands at ₹31.42 crores, compared to ₹16.58 crores in 2023. Based on the company’s financials, this IPO may be a suitable option for long-term investors.
Manba Finance IPO 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 Review (Apply or Not)
- Update soon
Manba Finance IPO Date & Price Band Details:
| IPO Open Date: | September 23, 2024 |
| IPO Close Date: | September 25, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹114 to ₹120 Per Share |
| Issue Size: | Approx ₹150.84 Crores |
| Fresh Issue: | Approx ₹150.84 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Manba Finance IPO Lot Size:
The minimum market lot for the Manba Finance IPO is 125 shares, requiring an application amount of ₹15,000. Retail investors have the option to apply for up to 13 lots, totaling 1,625 shares, with a maximum investment of ₹195,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 125 | ₹15,000 |
| Retail Maximum | 13 | 1625 | ₹195,000 |
| S-HNI Minimum | 14 | 1,750 | ₹210,000 |
| B-HNI Minimum | 67 | 8,375 | ₹1,005,000 |
Manba Finance IPO Timeline:
The Manba Finance IPO will open on September 23 and close on September 25. The allotment will be finalized on September 26, with the listing scheduled for September 30.
| IPO Open Date: | September 23, 2024 |
| IPO Close Date: | September 25, 2024 |
| Basis of Allotment: | September 26, 2024 |
| Refunds: | September 27, 2024 |
| Credit to Demat Account: | September 27, 2024 |
| IPO Listing Date: | September 30, 2024 |
Manba Finance IPO GMP Today:
GMP for Manba Finance IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Promoters of Manba Finance IPO
The promoters of Manba Finance are 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).
About Manba Finance
Manba Finance Limited is a Non-Banking Financial Company – Base Layer (NBFC-BL), offering financial solutions for a variety of segments including new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans, and personal loans. As of March 31, 2024, the company’s asset under management (AUM) stands at over ₹900 crores.
Manba Finance has established itself as a leading financial solutions provider in India, known for its quick turnaround time (TAT) in loan sanctioning and disbursement, particularly for customers seeking fast financing. Based in Maharashtra, the company operates in around 66 locations through 29 branches across six states in western, central, and northern India. Their strong dealer network includes over 1,100 dealers, with more than 190 dedicated to electric vehicles (EV) across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.
In addition to vehicle financing, Manba Finance has recently expanded its loan offerings to include used car loans, small business loans, and personal loans. Their approach focuses on providing tailored loan solutions for both salaried and self-employed individuals, with customized schemes to meet the unique needs of each customer segment.
Manba Finance IPO Company Financial Report
The company reported revenue of ₹191.63 crores in 2024 against ₹133.32 crores in 2023. The company reported a profit of ₹31.42 crores in 2024 against a profit of ₹16.58 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹106.62 | ₹93.96 | ₹9.74 | ₹561.46 |
| 2023 | ₹133.32 | ₹110.53 | ₹16.58 | ₹787.27 |
| 2024 | ₹191.63 | ₹152.74 | ₹31.42 | ₹973.75 |
Manba Finance IPO Valuation – FY2024
Check Manba Finance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 15.66% |
| ROCE: | 19.39% |
| EBITDA Margin: | 65.38% |
| PAT Margin: | NA |
| Debt to equity ratio: | 3.75 |
| Earning Per Share (EPS): | ₹8.34 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.66% |
| Net Asset Value (NAV): | ₹53.26 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Baid Finserv Limited | 1.08 | 13.65 | 7.75 | 13.89 | 66.36 Cr. |
| Arman Financial Services Limited | 195 | 8.57 | 21.36 | 775.70 | 661.53 Cr. |
| MAS Financial Services Limited | 15.31 | 18.13 | 14.25 | 108.71 | 1285.68 Cr. |
Manba Finance IPO Registrar
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
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Manba Finance Limited
324, Runwal Heights Commercial Complex,
L.B.S Marg, Opp. Nirmal Lifestyle,
Mulund (West), Mumbai – 400 080
Phone: +91 22 6234 6598
Email: investorrelation@manbafinance.com
Website: http://www.manbafinance.com/
Manba Finance IPO FAQs
1. What are the Manba Finance IPO open and close dates?
- The Manba Finance IPO opens on September 23, 2024 and closes on September 25, 2024.
2. What is the price band for the Manba Finance IPO?
- The price band for the Manba Finance IPO is set between ₹114 and ₹120 per share.
3. What is the minimum lot size for the Manba Finance IPO?
- The minimum market lot size is 125 shares, which requires an application amount of ₹15,000.
4. How much can retail investors apply for in the Manba Finance IPO?
- Retail investors can apply for up to 13 lots, which is a total of 1,625 shares or an investment amount of ₹195,000.
5. When will the allotment for the Manba Finance IPO be finalized?
- The IPO allotment will be finalized on September 26, 2024.
6. On which stock exchanges will the Manba Finance IPO be listed?
- The Manba Finance shares will be listed on the BSE and NSE on September 30, 2024.
7. How much money is Manba Finance looking to raise through the IPO?
- Manba Finance plans to raise around ₹150.84 crores, which includes a fresh issue of ₹150.84 crores and an offer for sale of up to [.] equity shares.
8. What is the retail investor quota in the Manba Finance IPO?
- The retail quota for the Manba Finance IPO is 35%.
9. What are the company’s recent financials?
- In 2024, Manba Finance reported a revenue of ₹191.63 crores, up from ₹133.32 crores in 2023. The company also reported a profit of ₹31.42 crores for 2024, compared to ₹16.58 crores in 2023.
10. Who are the promoters of Manba Finance?
- The promoters of the company include 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).
11. What type of loans does Manba Finance offer?
- Manba Finance provides loans for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans, and personal loans.
12. How many locations does Manba Finance operate in?
- Manba Finance operates in around 66 locations, connected to 29 branches across six states, including Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.
13. What is the company’s loan portfolio size?
- Manba Finance manages an AUM (Assets Under Management) of over ₹900 crores as of March 31, 2024.
14. Who can apply for Manba Finance loans?
- Manba Finance targets both salaried individuals and self-employed customers, offering tailored loan solutions to meet the specific needs of each group.
