The Manba Finance IPO is set to open for subscription on September 23, 2024, with a price band of ₹114 to ₹120 per share.
Manba Finance IPO Details
Manba Finance IPO is a fresh issue of 1.26 crore shares, offering a book-built issue of Rs 150.84 crores.
The Manba Finance IPO is set to open for subscription on September 23, 2024, and close on September 25, 2024, with allotment expected to be finalized on September 26, 2024, and Manba Finance IPO will list on BSE, NSE with the tentative listing date fixed as Monday, September 30, 2024.
Manba Finance IPO is set to launch with a price band of ₹114 to ₹120 per share, with a minimum lot size of 125 shares for applications and a minimum investment of ₹15,000.
The minimum investment for sNII is 14 lots (1,750 shares), amounting to ₹210,000, while for bNII, it is 67 lots (8,375 shares), amounting to ₹1,005,000.
Hem Securities Limited is the book-running lead manager for the Manba Finance IPO, while Link Intime India Private Ltd is the registrar.
Please refer to Manba Finance IPO RHP for more detailed information.
Manba Finance IPO Objective
Manba Finance, a non-banking finance company, raised Rs 45.25 crore from eight institutional investors through its anchor book on September 20. Manba Finance IPO Anchor Investors list
According to MoneyControl, Chartered Finance & Leasing has become the largest investor in the anchor book, purchasing 8.33 lakh equity shares worth Rs 10 crore.
Seven other investors, including Finavenue Capital Trust, Antara India Evergreen Fund, Belgrave Investment Fund, Meru Investment Fund, NAV Capital VCC, Rajasthan Global Securities, and Vikas India EIF I Fund, each selected 4.2 lakh shares.
Company proposes to utilize the Net Proceeds from the Issue towards augmenting our capital base to meet our Company’s future capital requirements
Manba Finance IPO Dates:
Manba Finance IPO will start on September 23, 2024, and end on September 25, 2024.
- IPO Open Date: Monday, September 23, 2024
- IPO Close Date: Wednesday, September 25, 2024
- Basis of Allotment: Thursday, September 26, 2024
- Initiation of Refunds: Thursday, September 26, 2024
- Credit of Shares to Demat: Friday, September 27, 2024
- Listing Date: Monday, September 30, 2024
Manba Finance IPO Lot Size and Price:
Investors have the option to bid for a minimum of 125 shares and in multiples thereof. The table outlines the minimum and maximum investment amounts for retail investors and HNI in terms of shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹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 |
Manba Finance Limited PROMOTERS Holding:
The Promoters of our Company are Manish Kiritkumar Shah, Nikita Manish Shah, Monil Manish Shah, 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).
Promoters hold 3,76,64,010 Equity Shares in Company, representing 99.99% of the pre-issue issued, subscribed, and paid-up Equity Share capital.
Manba Finance Financial Information
Manba Finance Limited’s revenue grew by 44%, and its profit after tax (PAT) increased by 90% between the financial years ending March 31, 2023, and March 31, 2024.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets (₹ Cr) | 973.75 | 787.25 | 561.46 |
| Revenue (₹ Cr) | 191.63 | 133.32 | 106.62 |
| Profit After Tax (₹ Cr) | 31.42 | 16.58 | 9.74 |
| Net Worth (₹ Cr) | 200.61 | 168.43 | 151.74 |
| Reserves and Surplus (₹ Cr) | 162.46 | 155.54 | 138.96 |
| Total Borrowing (₹ Cr) | 752.27 | 595.93 | 394.4 |
Manba Finance Key Performance Indicators
Key Performance Indicators (KPI) for Manba Finance Limited based on the provided financial data : KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 21.36% |
| Debt-to-Equity Ratio | 3.75 |
| Return on Net Worth (RoNW) | 15.66% |
| Price-to-Book Value (P/BV) | 2.25 |
About Manba Finance Limited:
Manba Finance Limited, a Mumbai-based NBFC, was established in 1996. It specializes in providing financial solutions for vehicle loans, including new, used, electric, and used cars, as well as small business and personal loans.
Manba Finance Limited provide financial solutions to our target customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement.
Mumbai-based company operates 66 locations with 29 branches across six Indian states. Established relationships with over 1,100 dealers, including 190 EV dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.
The company has expanded its loan portfolio to include Used Car Loans, Small Business Loans, and Personal Loans, intending to utilize its existing network for market penetration.
Company’s target customers are mainly (i) salaried; and (ii) self-employed. The company offers tailored loan schemes to cater to various customer categories, typically funding up to 85% of the purchase price of the vehicle, with the customer requisitioning to contribute the remaining balance.
According to chittorgarh.com, As of March 31, 2024, the company employed a total of 1,344 people.
Manba Finance Limited 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/
Manba Finance IPO GMP Today:
According to investorgain.com, Manba Finance IPO last GMP is ₹64, last updated Sep 23rd 2024 02:27 PM.
