Manba Finance IPO Details
The Manba Finance IPO is a book build issue with a total issue size of ₹150.84 cr, comprising of fresh issue of 12570000 equity shares. Manba Finance IPO opened for subscription on Sep 23, 2024 and closed on Sep 25, 2024. Manba Finance IPO is set price band at ₹114 to ₹120 per share, with a lot size of 125 shares. Minimum investment for Retail investors was ₹15,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 26, 2024, and listed on both the NSE and BSE on Sep 30, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Manba Finance IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 114 – 120
- Lot Size
- 125
- Issue Size
- ₹150.84 Cr
- Minimum Investment
- ₹15000 (125 Shares)
- Listing Date
- 30 September 2024
Current GMP
₹33 (+27.50%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- Hem Securities Limited
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 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.
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 per share.
Manba Finance IPO lot size is 125 shares, Retail investors need a minimum investment of ₹15000 based on the upper price band
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.
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.
Manba Finance IPO issue size is ₹150.84 crores.
Manba Finance IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.