The Manba Finance IPO is scheduled to open on September 23, 2024, and will close on September 25, 2024. Notably, this IPO will follow a book-building process. The company intends to raise approximately ₹150.84 crore through the offering. Specifically, this amount includes a fresh issue of ₹150.84 crore, along with an offer for sale of up to [.] equity shares, each having a face value of ₹10.
Table of contents
- Manba Finance IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Manba Finance IPO GMP (Grey Market Premium)
- Manba Finance IPO Application Form PDF
- Manba Finance IPO Subscription Status
- Manba Finance IPO Allotment Status
- IPO Review
- Manba Finance IPO Registrar
- Manba Finance IPO Lead Manager
- Manba Finance Limited Contact
- FAQs
Manba Finance IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Manba Finance Limited |
| Industry | Financial Solutions |
| IPO Issue Type | Book Built Issue |
| Open Date | September 23, 2024 |
| Close Date | September 25, 2024 |
| Total Issue Size | ₹150.84 Crores (12,570,000 Equity Shares) |
| Fresh Issue | ₹150.84 Crores (12,570,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹114 to ₹120 per share |
| Listing on | BSE & NSE |
| Lot Size | 125 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Manba Finance Limited, a Non-Banking Financial Company-Base Layer (NBFC-BL), provides a variety of financial solutions, including loans for new and electric two-wheelers (2Ws), three-wheelers (3Ws), used cars, small businesses, and personal needs. As of March 31, 2024, the company manages assets under management (AUM) exceeding ₹90,000 lakh. Notably, Manba Finance is recognized for its quick loan sanctioning and disbursement, establishing itself as a leading financial solutions provider in India.
Headquartered in Maharashtra, the company operates around 66 locations through 29 branches across six states: Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. Furthermore, with a robust network of over 1,100 dealers, including more than 190 EV dealers, Manba Finance has recently expanded its loan portfolio to include used car loans, small business loans, and personal loans. Additionally, the company targets both salaried and self-employed individuals, offering customized offers and tailor-made schemes to attract and meet the needs of these diverse customer segments.
Key Dates
| Events | Date |
|---|---|
| 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 |
Financials (₹ in Crores)
| Period Ended | 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 |
| Reserves and Surplus | ₹162.46 | ₹155.54 | ₹138.96 |
| Total Borrowing | ₹752.27 | ₹595.93 | ₹394.4 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹195,000 |
| S-HNI (Min) | 14 | 1,750 | ₹210,000 |
| B-HNI (Min) | 67 | 8,375 | ₹1,005,000 |
The objective of the Issue
- Additionally, The Company intends to use the net proceeds to enhance its capital base. This strategy will help address future capital requirements and support the Company’s growth plans.
Company Promoters
- Manba Investments and Securities Private Limited
- Avalon Advisory and Consultant Services Private Limited
- Manba Fincorp Private Limited
- Manba Infotech LLP
- Mr. Manish Kiritkumar Shah (HUF)
Manba Finance IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Manba Finance IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Manba Finance Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Manba Finance IPO Application Form PDF
To download the Manba Finance IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Manba Finance IPO Subscription Status
This IPO subscription kicks off on September 23, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Manba Finance IPO Allotment Status
To check the Manba Finance IPO allotment status go to the IPO registrar website Link Intime or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Manba Finance Limited benefits from well-established relationships with over 850 dealers, including more than 60 EV dealers, across multiple states in India. Consequently, these connections provide quick access to customer funding needs, facilitating efficient loan processing.
- Moreover, the company has strategically expanded into new markets by leveraging its dealer network, which has contributed to its growth and broadened its customer base. Specifically, the rural market presents significant growth potential, given its low share of overall banking credit despite making substantial contributions to GDP.
- In addition, Manba Finance secures funding from a diverse range of sources, including public and private sector banks, ensuring cost-effective borrowing and adequate capital for lending.
Risks:
- Firstly, its reliance on dealer relationships for leads could be impacted by non-exclusive arrangements and potential dissatisfaction.
- Additionally, transitioning to new loan products might require adjustments in systems and processes.
- Finally, sustaining growth is contingent upon maintaining access to cost-effective funding; any disruption could adversely affect liquidity and financial stability.
Manba Finance IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: manbafinanceipo@linkintime.co.in
Website: www.linkintime.co.in
Manba Finance IPO Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Manba Finance Limited Contact
MANBA FINANCE LIMITED
IT/ ITES Building, Plot No.A-79, Road No. 16,
Wagle Estate, Thane 400 604, Maharashtra, India
Phone: +91 22 6234 6598
Email: investorrelation@manbafinance.com
Website: www.manbafinance.com
FAQs
To apply for the Manba Finance public offer, you can use Internet banking ASBA. Alternatively, you have the option to apply online through your stockbroker using UPI. If you prefer a paper application, simply fill out an offline IPO form and submit it to your broker.
Additionally, The price band for Manba Finance’s IPO ranges from ₹114 to ₹120.
Moreover, Manba Finance’s IPO allocation is structured as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors.
The minimum lot size for Manba Finance’s IPO is 125 shares, with a total bid amount of ₹15,000.
The allotment date for the Manba Finance’s IPO is September 26, 2024.
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