Manba Finance IPO
GMP, Subscription, Price, Dates & Financial Details
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)…
Open Date
Mon, 23 Sep 2024
Close Date
Wed, 25 Sep 2024
Price Band
₹ 114 – 120
Lot Size
125
Issue Size
₹ 150.84 Cr
Minimum Investment
₹ 15,000 (125 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Manba Finance IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹150.84 Crore, comprising a fresh issue of 1.26 Crore equity shares aggregating to ₹150.84 Crore.
The Manba Finance IPO remained open for subscription from September 23, 2024, to September 25, 2024. The basis of allotment was finalized on September 26, 2024, and the company's shares were listed on the NSE and BSE on September 30, 2024.
The company had fixed the price band at ₹114 to ₹120 per share, with a lot size of 125 shares. Retail investors were required to make a minimum investment of ₹15,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Manba Finance Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Manba Finance IPO Timeline (Tentative)
- IPO Open Date
- Mon, 23 Sep 24
- IPO Close Date
- Wed, 25 Sep 24
- Basis of Allotment
- Thu, 26 Sep 24
- Initiation of Refunds
- Thu, 26 Sep 24
- Credit of Shares to Demat
- Fri, 27 Sep 24
- Listing Date
- Mon, 30 Sep 24 — NSE & BSE
Open Date
23 September 2024
Close Date
25 September 2024
Basis Of Allotment
26 September 2024
Listing Date
30 September 2024
IPO Subscription
Check Live Subscription →The Manba Finance IPO has received bids for 1,97,18,34,750 shares against 87,99,000 shares offered, resulting in an overall subscription of 224.1x. the NII category is subscribed 511.65x, Retail Investors 144.03x, and QIBs 148.55x. Within the NII category, BNII is subscribed 546.56x, while SNII is subscribed 441.82x.
QIB
148.55x
NII
511.65x
BNII
546.56x
SNII
441.82x
RII
144.03x
Total
224.1x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 43,99,500 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 25,14,000 shares (20%), while Non-Institutional Investors (NIIs) receive 18,85,500 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 3,771,000 | 30% |
| Qualified Institutions | 2,514,000 | 20% |
| Non-Institutional | 1,885,500 | 15% |
| BNII | 1,257,000 | 10% |
| SNII | 628,500 | 5% |
| Retail Investors | 4,399,500 | 35% |
| Total | 12,570,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Manba Finance Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 21.36 |
| Debt / Equity | 3.75 |
| RoNW % | 15.66 |
| PbW | 2.25 |
Peers Comparison
No Peer Comparision Available
About Manba Finance Limited
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.
Manba Finance IPO 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%
Manba Finance IPO Objective
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.
Manba Finance Limited Address / Contact Details
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
Manba Finance IPO Lot Size
The Manba Finance IPO has a lot size of 125 shares. Retail investors require a minimum investment of ₹15,000 by applying for 1 lot (125 shares). The maximum application allowed for the retail category is 13 lots (1,625 shares), requiring an investment of ₹1,95,000.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Manba Finance IPO?
Manba Finance IPO is a Book-building IPO with a total issue size of ₹150.84 crore. The Manba Finance IPO price band is ₹114 to 120 per share. The Manba Finance IPO subscription opens on Mon, Sep 23, 2024, and closes on Wed, Sep 25, 2024. The Manba Finance IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Manba Finance IPO.
When will the Manba Finance IPO open for subscription?
The Manba Finance IPO opens on Mon, Sep 23, 2024 and closes on Wed, Sep 25, 2024
What is Manba Finance IPO Price Band?
Manba Finance IPO Price Band is ₹114 to 120 per share.
What is Manba Finance IPO Lot Size?
Manba Finance IPO lot size is 125 shares, Retail investors need a minimum investment of ₹15000 based on the upper price band
What is the minimum investment for Manba Finance IPO?
The minimum investment for Manba Finance IPO is ₹15000, based on one lot of 125 shares at the upper price band of ₹120 per share.
How to apply for Manba Finance IPO?
Investors can apply for the Manba Finance IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 25, 2024. The application amount remains blocked until the Manba Finance IPO allotment is finalized.
What is Manba Finance IPO Issue Size?
Manba Finance IPO issue size is ₹150.84 crores.
What is the Manba Finance IPO Allotment Date?
Manba Finance IPO allotment date is Thu, Sep 26, 2024.
Who is the Manba Finance IPO Registrar?
The registrar for Manba Finance IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Manba Finance IPO allotment status, refund processing, and other IPO-related information.
What is the Manba Finance IPO GMP?
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 27.50% over the issue price.
Who is the Manba Finance IPO Lead Manager?
The book-running lead managers (BRLMs) for the Manba Finance IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Manba Finance IPO Red Herring Prospectus (RHP).