Manba Finance Limited
Sep 23, 2024 - Sep 25, 2024
Manba Finance Limited IPO Details
Mainline
Status
listed
Issue Price
₹114.00 - ₹120.00
Lot Size
125 Shares
Subscription
224.05 times
Listing Price
₹145.00 (20.83%)
Face Value
₹10 Per share
Issue Size
Approx ₹150.84 Cr
Fresh Issue
Approx ₹150.84 Cr
Total Shares Offered
-
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE, NSE
Registrar
Link Intime India Private Ltd
NSE Code
MANBA
BSE Code
544262
IPO Tentative Timetable
Open Date
Mon Sep 23 2024
Close Date
Wed Sep 25 2024
Allotment Date
Thu Sep 26 2024
Refunds Initiation
Thu Sep 26 2024
Demat Transfer
Fri Sep 27 2024
Listing Date
Mon Sep 30 2024
Valuation
Earning Per Share (EPS)
₹8.34
Price/Earning P/E Ratio
-
Return on Net Worth (RoNW)
15.66%
Net Asset Value (NAV)
₹53.26
Promoters
Pre issue Share Holding
100%
Post issue Share Holding
-
Company Promoters
- 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)
Lead Managers
Hem Securities Limited
Live Subscription
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Sep 23, 2024 | 2.36 | 43.34 | 28.32 | 24.12 |
| Sep 24, 2024 | 4.15 | 172.49 | 71.01 | 73.65 |
| Sep 25, 2024 | 148.55 | 511.62 | 143.95 | 224.05 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹195,000 |
| S-HNI (Min) | 14 | 1,750 | ₹210,000 |
| S-HNI (Max) | 66 | 8,250 | ₹990,000 |
| B-HNI (Min) | 67 | 8,375 | ₹1,005,000 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.36% |
| Debt/Equity | 3.75 |
| RoNW | 15.66% |
| P/BV | 2.25 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 37,71,000 (30%) | NA |
| QIB Shares Offered | 25,14,000 (20%) | NA |
| NII (HNI) Shares Offered | 18,85,500 (15%) | |
| bNII > ₹10L | 12,57,000 (10%) | 718 |
| sNII < ₹10L | 6,28,500 (5%) | 359 |
| Retail Shares Offered | 43,99,500 (35%) | 35,196 |
| Total Shares Offered | 1,25,70,000 (100%) |
Company Financial
| 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 |
About Company
Manba Finance Limited, founded in 1998, is a non-banking finance company (NBFC-BL) offering a range of financial solutions for the purchase of new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, as well as small business and personal loans.
The company's primary customer segments include employees and self-employed individuals, for whom it offers tailored financing programs. Typically, the company finances up to 85% of the vehicle's on-road price, requiring customers to contribute the remaining balance.
Manba Finance operates through branches in urban, semi-urban, and metropolitan areas, with a focus on serving nearby rural regions. It has partnerships with over 1,100 dealers, including more than 190 electric vehicle dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.
As of March 31, 2024, the company employed 1,344 people.
The company's primary customer segments include employees and self-employed individuals, for whom it offers tailored financing programs. Typically, the company finances up to 85% of the vehicle's on-road price, requiring customers to contribute the remaining balance.
Manba Finance operates through branches in urban, semi-urban, and metropolitan areas, with a focus on serving nearby rural regions. It has partnerships with over 1,100 dealers, including more than 190 electric vehicle dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.
As of March 31, 2024, the company employed 1,344 people.
Company Contact
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/
Registrar Contact
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