Manba Finance
Mainboard₹15,000 / 125 Shares
Manba Finance IPO Details
The Manba Finance IPO price band is set between ₹114-120 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 23 Sep, 2024 and closes on 25 Sep, 2024. Investors can check the allotment status on 26 Sep, 2024, while the listing date is tentatively scheduled for 30 Sep, 2024.
The total issue size is Approx 150 Crores, aggregating up to . Stay tuned for the latest Manba Finance IPO review and GMP updates.
Manba Finance IPO Review, Rating & Analysis
Manba Finance IPO Review
NO REVIEWManba Finance IPO Rating
Manba Finance IPO Highlights
IPO Date
Sep 23, 2024 - Sep 25, 2024
Listing Date
30 Sep, 2024
Face Value
₹10 Per Equity Share
Price Band
₹114-120 per equity share
Lot Size
125 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Manba Finance IPO Lot Size
The minimum market lot for Manba Finance IPO is 125 shares with an application amount of ₹15,000. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8375 | ₹10,05,000 |
Manba Finance IPO Timeline
Issue Price
₹114-120 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Pvt LtdLead Manager
Hem Securities LimitedIssue Size
Approx 150 CroresManba Finance IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 973.75 | 191.63 | 31.42 | 200.61 | 162.46 | 752.27 |
| 31 Mar 23 | 787.25 | 133.32 | 16.58 | 168.43 | 155.54 | 595.93 |
| 31 Mar 22 | 561.46 | 106.62 | 9.74 | 151.74 | 138.96 | 394.4 |
All values are in ₹ Cr.
Manba Finance IPO Valuations
EPS Pre IPO
8.34EPS Post IPO
6.25PE Pre IPO
14.39PE Post IPO
19.19ROE
21.36%ROCE
19.39%Debt Equity
3.75RoNW
15.66%PAT Margin
-Price to Book Value
2.25Promoters & Share Holding
Promoter(s) Name
- 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).
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 74.98% |
About 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 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 |
Retail:116.64x
BHNI:107.89x
SHNI:419.76x times
Company Contact 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/
Registrar Contact Details
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
Frequently Asked Questions about Manba Finance IPO
When will Manba Finance IPO open for subscription?
The Manba Finance IPO opens on 23 Sep, 2024 and closes on 25 Sep, 2024.
What is the investors portion for Manba Finance IPO?
The investors' portion for QIB is 148.55 x, NII is 546.56 x, and Retail is 130.10 x.
How to apply for Manba Finance IPO?
You can apply for Manba Finance IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Manba Finance IPO?
The issue size of Manba Finance IPO is approx ₹Approx 150 Crores crores.
What is the price band of Manba Finance IPO?
The price band for Manba Finance IPO is ₹114 to ₹120 per equity share.
What is the lot size of Manba Finance IPO?
The minimum bid (lot size) for Manba Finance IPO is N/A shares with an investment of approx ₹15,000 .
What is the allotment date of Manba Finance IPO?
The allotment date for Manba Finance IPO is 26 Sep, 2024.
What is the listing date of Manba Finance IPO?
The listing date for Manba Finance IPO is expected to be 30 Sep, 2024.
What is the GMP of Manba Finance IPO?
The latest Grey Market Premium (GMP) for Manba Finance IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.