Manba Finance Limited IPO Overview
The Manba Finance IPO is a book-built issue of ₹150.84 crores, offering 1.26 crore fresh shares. The IPO opens from September 23, 2024, to September 25, 2024, with allotment expected by September 26, 2024, and listing on BSE and NSE on September 30, 2024. The price band is ₹114 to ₹120 per share, with a minimum investment of ₹15,000 for 125 shares. For sNII, the minimum investment is ₹210,000 (14 lots), and for bNII, it’s ₹1,005,000 (67 lots). Hem Securities Limited is the lead manager, and Link Intime India Private Ltd is the registrar.
Refer to Manba Finance IPO RHP for detailed information.
Manba Finance Limited IPO Important dates
Manba Finance IPO opens on September 23, 2024, and closes 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 |
| The credit of Shares to Demat | Friday, September 27, 2024 |
| Listing Date | Monday, September 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2024 |
Manba Finance Limited Financial Performance
Manba Finance Limited’s revenue increased by 44% and profit after tax (PAT) rose by 90% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 973.75 crore | 787.25 crore | 561.46 crore |
| Revenue | 191.63 crore | 133.32 crore | 106.62 crore |
| Profit After Tax | 31.42 crore | 16.58 crore | 9.74 crore |
| Net Worth | 200.61 crore | 168.43 crore | 151.74 crore |
| Reserves and Surplus | 162.46 crore | 155.54 crore | 138.96 crore |
| Total Borrowing | 752.27 crore | 595.93 crore | 394.40 crore |
Manba Finance Limited IPO Key Performance Indicator
The market capitalization of Manba Finance IPO is Rs 602.87 Cr. KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.36% |
| Debt/Equity | 3.75 |
| RoNW | 15.66% |
| P/BV | 2.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.34 | 6.25 |
| P/E (x) | 14.39 | 19.19 |
Manba Finance Limited IPO Objectives
The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
Manba Finance Limited IPO Lot Size
Investors can bid for a minimum of 125 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
Manba Finance Limited IPO Details
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | [September 30, 2024] |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 12,570,000 shares (aggregating up to ₹150.84 Cr) |
| Fresh Issue | 12,570,000 shares (aggregating up to ₹150.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 37,669,410 |
| Shareholding post issue | 50,239,410 |
Manba Finance Limited Company Overview and Services
Established in 1998, Manba Finance Limited is a prominent non-banking finance company (NBFC-BL) specializing in diverse financial solutions. The company provides funding for 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.
Manba Finance targets employees and the self-employed, offering tailored financial programs to meet their specific needs. Typically, the company finances up to 85% of the vehicle’s on-road price, requiring customers to contribute the remaining balance.
With a strong presence in urban, semi-urban, and metropolitan areas, Manba Finance also serves surrounding rural regions. It maintains partnerships with over 1,100 dealers, including 190+ EV dealers across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. As of March 31, 2024, the company employs 1,344 people.
Manba Finance Limited IPO SWOT Analysis
Strengths
- Strong Market Position: Manba Finance has established itself as a well-recognized player in the financial services sector, focusing on vehicle loans and other consumer finance products.
- Consistent Financial Growth: The company has shown steady revenue and profit growth, reflecting its effective business model and management.
- Diverse Loan Portfolio: Manba Finance caters to a wide range of customers, including individuals and businesses, reducing risk through diversification.
- Experienced Management: The leadership team brings years of experience in the finance industry, helping to navigate market challenges effectively.
Weaknesses
- High Dependence on Vehicle Financing: A significant portion of the company’s revenue comes from vehicle financing, making it vulnerable to market downturns in the automobile industry.
- Limited Geographic Presence: The company’s operations are primarily focused on specific regions, which could limit growth opportunities compared to larger, more geographically diversified competitors.
Opportunities
- Expanding Financial Services: Manba Finance can explore offering more financial products such as personal loans or small business loans, which could attract a broader customer base.
- Growing Financial Inclusion: With increasing demand for financial services in underserved regions, the company has the opportunity to expand its operations into new markets.
- Digitization: Adopting digital lending platforms and enhancing customer experience through technology could streamline operations and improve customer retention.
Threats
- Regulatory Risks: The financial services industry is heavily regulated, and any changes in regulations could impact the company’s operations and profitability.
- Rising Competition: Manba Finance faces stiff competition from larger financial institutions and fintech companies, which may offer more competitive loan products.
- Economic Slowdowns: A downturn in the economy could lead to higher default rates on loans, affecting profitability and asset quality.
Manba Finance Limited IPO GMP Details
Manba Finance IPO’s last GMP is ₹60, last updated Sep 21st, 2024. With a price band of 120.00, Manba Finance IPO’s estimated listing price is ₹180 (cap price + today’s GMP). The expected percentage gain/loss per share is 50.00%.
Stay with us to know the daily price trend of Manba Finance IPO GMP with an expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 21-09-2024 | 120.00 | ₹60  |
5700/79800 | ₹180 (50%) | 21-Sep-2024 |
| 20-09-2024 | 120.00 | ₹60  |
5700/79800 | ₹180 (50%) | 20-Sep-2024 |
| 19-09-2024 | 120.00 | ₹0 |
— | ₹120 (0%) | 19-Sep-2024 |
| 18-09-2024 | 120.00 | ₹0 |
— | ₹120 (0%) | 18-Sep-2024 |
| 17-09-2024 | 120.00 | ₹0 |
— | ₹120 (0%) | 17-Sep-2024 |
Manba Finance Limited IPO subscription status
Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Manba Finance Limited IPO Allotment status
The allotment status of Manba Finance IPO is expected to be available on September 26, 2024.
Manba Finance IPO allotment status is not available at this time. Manba Finance IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Manba Finance Limited’s IPO allotment status.
To check Manba Finance IPO allotment status, follow the steps below:
- Click on the allotment status check button below.
- Select Company Name.
- Enter your PAN Number, Application Number, or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd by phone or email. Investors can call +91-22-4918 6270 or email all relevant details to manbafinanceipo@linkintime.co.in.
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/
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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their economic situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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