Manba Finance Limited IPO

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Non Banking Financial Company (NBFC)

Listed On: Sep 30, 2024 at ₹ 145.0(NSE)

₹ 15000 /125 Shares

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Price Summary

Last Closing

144.98 (20.82%)

52 Week High

171.80

52 Week Low

128.00

Last Update

21-Nov-2024 3:30 PM

Manba Finance IPO Details

23 Sep, 2024

Open Date

25 Sep, 2024

Close Date

26 Sep, 2024

Allotment Date

30 Sep, 2024

Listing Date

Issue Price

₹114-120 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Pvt Ltd

List Price

145.0(NSE)

Listing Date

2024-09-30

Market Lot

Retail : 125 Shares (₹15,000/-)
S-HNI : 1,750 Shares (₹2,10,000/-)
B-HNI : 8,375 Shares (₹10,05,000/-)

Lead Manager

Hem Securities Limited

Issue Size

Approx 150 Crores

Retail Portion

35% (Number of Retail Applications: 35,196 Approx),
(Number of S-HNI Applications : 359 Approx),
(Number of B-HNI Applications : 718 Approx)

Subscription

215.96 times

IPO Docs

DRHP RHP ANCHOR

Manba Finance IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	2,514,000	1,885,500 1,257,000 628,500	4,399,500	8,799,000
Day 1 - 23-09-24 05:00 PM	2.36 x	43.18 37.52 x 54.51 x	27.71 x	23.79 x
Day 2 - 24-09-24 05:00 PM	4.15 x	172.26 166.85 x 183.08 x	70.26 x	73.23 x
Day 3 - 25-09-24 05:00 PM	148.55 x	506.21 546.56 x 425.49 x	130.10 x	215.96 x

Total No. of Applications: 43,33,200 (Approx)

Retail Subscription on the basis of Applications: Retail:116.64x BHNI:107.89x SHNI:419.76x times

Manba Finance Valuations

EPS Pre IPO

8.34

EPS Post IPO

6.25

P/E Pre IPO

14.39

P/E Post IPO

19.19

RoNW

15.66%

Manba Finance Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	973.75	787.25	561.46
Revenue	191.63	133.32	106.62
Profit After Tax	31.42	16.58	9.74

About The Company

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.

Manba Finance - Strength and Weakness

Strength

Established dealer network with over 1,100 dealers across six states.

Technology-driven operations ensure quick loan processing and disbursement.

Experienced promoters with deep industry knowledge driving consistent growth.

Weakness

High dependence on dealers; 89.13% of loans are sourced through them.

Credit rating downgrades could increase borrowing costs significantly.

Manba Finance - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

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).

Manba Finance IPO - Issue Objectives

The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.

Manba Finance IPO - Anchor Investors

Manba Finance raises over Rs 45 crore from anchor investors.

Chartered Finance & Leasing is the biggest investor in the anchor book, buying 8.33 lakh equity shares worth Rs 10 crore.

Other seven investors - 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 picked 4.2 lakh shares each.

Other Details

Company Contact Details

Manba Finance

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 Details

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

Manba Finance IPO - FAQs

Ans. Manba Finance Limited IPO is a Mainboard IPO. The issue is priced at ₹114-120 per equity share. The minimum order quantity is 125 Shares. The IPO opens on Sep 23, 2024, and closes on Sep 25, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Manba Finance Limited IPO opens on Sep 23, 2024 and closes on Sep 25, 2024.

Ans. The size of Manba Finance Limited IPO is Approx 150 Crores.

Ans. The IPO price band is set between ₹114-120 per equity share.

Ans. To apply for Manba Finance Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Manba Finance Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Manba Finance Limited IPO is Sep 26, 2024.

Ans. The Manba Finance Limited IPO will be listed on Sep 30, 2024.

Ans. Follow the steps to check the allotment status for Manba Finance Limited IPO here.