Manba Finance IPO
Open MainLineCurrent GMP
₹33 (+27.50%)
Price Band
₹ 114 – 120
Lot Size
125
Issue Size
₹150.84 Cr
Minimum Investment
₹15000 (125 Shares)
Listing Date
30 September 2024
Subscription
224.1x
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.
According to the CRISIL report, they lead in two-wheeler loans, boasting a 96% share of AUM, and maintain the highest AUM per branch in fiscal 2023.
Promoters
- Manba Investments and Securities Private Limited
- Avalon Advisory and Consultant Services Private Limited
- Manba Fincorp Private Limited
- Manba Infotech LLP
- Manish Kiritkumar Shah
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.98%
Objects of the Issue
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The primary objective of the IPO is to augment the capital base to meet future capital requirements for onward lending. This will support the growth of business and assets, ensuring continuous financial solutions such as new vehicle loans, used cars loans, small business loans, and personal loans to customers.
- A portion of the net proceeds from the IPO will be allocated towards general corporate purposes, not exceeding 25% of the gross issue proceeds.
Address / Contact Info
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
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 23 September 2024
IPO Close Date
Wednesday, 25 September 2024
Basis of Allotment
Thursday, 26 September 2024
Initiation of Refunds
Thursday, 26 September 2024
Credit of Shares to Demat
Friday, 27 September 2024
Listing Date
Monday, 30 September 2024 — NSE & BSE
Important Dates
Open Date
23 September 2024
Close Date
25 September 2024
Basis Of Allotment
26 September 2024
Listing Date
30 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 |
| Reserve & Surplus | 162.46 | 155.54 | 138.96 |
| Total Borrowings | 752.27 | 595.93 | 394.4 |
EPS Pre
8.34%
EPS Post
6.25%
P/E Pre
14.39
P/E (Post Issue)
19.19x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 21.36 |
| ROCE % | 0 |
| Debt / Equity | 3.75 |
| RoNW % | 15.66 |
| PbW | 2.25 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 3771000 | 30 | 0 |
| Qualified Institutions | 2514000 | 20 | 0 |
| Non-Institutional | 1885500 | 15 | 0 |
| BNII | 1257000 | 10 | 718 |
| SNII | 628500 | 5 | 359 |
| Retail Investors | 4399500 | 35 | 35196 |
| Total | 12570000 | 100 | 0 |
Subscription Status ( Wed, 25 Sep 24 01:24 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2514000 | 373448500 | 148.55x |
| Non-Institutional | 1885500 | 964714625 | 511.65x |
| BNII | 1257000 | 687028500 | 546.56x |
| SNII | 628500 | 277686125 | 441.82x |
| Retail Investors | 4399500 | 633671625 | 144.03x |
| Total | 8799000 | 1971834750 | 224.1x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 125 | 15,000.00 |
| Retail (Max) | 13 | 1,625 | 195,000.00 |
| S-HNI (Min) | 67 | 8,375 | 210,000.00 |
| S-HNI (Max) | 66 | 8,250 | 990,000.00 |
| B-HNI (Min) | 67 | 8,375 | 1,005,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Manba Finance IPO is a Book-building IPO worth ₹150.84 crores. The price band is ₹114 to 120 per share. The IPO opens on Mon, Sep 23, 2024 and closes on Wed, Sep 25, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Manba Finance IPO opens on Mon, Sep 23, 2024 and closes on Wed, Sep 25, 2024
Manba Finance IPO Price Band is ₹114 to 120.
Manba Finance IPO lot size is 125, and the minimum amount required for application is ₹15000.
The minimum investment for Manba Finance IPO is approximately ₹15000 based on the upper price band.
To apply for the Manba Finance IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Sep 25, 2024. After submission, funds are blocked until the basis of allotment of Manba Finance IPO is finalised.
Manba Finance IPO issue size is ₹150.84 crores.
Manba Finance IPO allotment date is Sat, Jun 27, 2026.
The registrar for Manba Finance IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Manba Finance IPO through their official website or helpline.
The Manba Finance IPO GMP (Grey Market Premium) is ₹33 as of Mon, Sep 30, 2024. Based on the upper price band of ₹120 per share, the estimated Manba Finance IPO listing price is ₹153, indicating a potential listing gain of approximately 31% over the issue price.