Manba Finance IPO will open for subscription from 23 September 2024. The company aims for an issue size of ₹150.84 Cr through this IPO.
Company Overview
| Full name | Manba Finance Limited |
| Sector | Finance |
| Industry | Finance – NBFC |
| Company Website | https://www.manbafinance.com/ |
About Company
Manba Finance is an NBFC-BL offering financial solutions for new two-wheelers, three-wheelers, electric two-wheelers, electric three-wheelers, used cars, small business loans, and personal loans. As of 31 December 2023, the company has an AUM size of over INR 800 crore. Approximately 99% of its loan portfolio consists of new vehicle loans, with an average ticket size of around INR 0.80 lakhs.
Based in Mumbai, Manba Finance operates out of 65 locations connected to 28 branches across five states in western, central, and northern India. The company has established deep, long-term relationships with over 850 dealers, including more than 60 EV dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh. Recently, Manba Finance expanded its loan portfolio to include used car loans, small business loans, and personal loans. As of 31 January 2024, the company had 1,315 full-time employees.
The Objectives of the Issue
- The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
Manba Finance IPO Timetable
| IPO Opening date | 23 September 2024 |
| IPO Closing | 25 September 2024 |
| Basis of Allotment | 26 September 2024 |
| Initiation Refund | 27 September 2024 |
| Credit to Demat Account | 27 September 2024 |
| Listing Date | 30 September 2024 |
Manba Finance IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹150.84 Cr – 12,570,000 shares |
| Fresh Issue | ₹150.84 Cr – 12,570,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot size | 125 Shares |
| Shareholding pre-issue | 37,669,410 |
| Shareholding post-issue | 50,239,410 |
| Listing Exchange | BSE & NSE |
Manba Finance IPO 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 |
Manba Finance Offer Documents
Manba Finance IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Manba Finance Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 106.59 | 133.32 | 191.59 |
| Expenses | 93.96 | 110.53 | 152.74 |
| Net income | 9.74 | 16.58 | 31.42 |
| Margin (%) | 9.14 | 12.44 | 16.40 |
Manba Finance Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 2.58 | 4.40 | 8.33 | 6.25 |
| PE Ratio | – | – | 13.68 – 14.4 | 18.25 – 19.21 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 6.42 | 9.84 | 15.66 |
| NAV | 40.25 | 44.68 | 53.21 |
| ROCE (%) | 8.34 | 13.53 | 19.39 |
| EBITDA (%) | 59.14 | 62.90 | 65.38 |
| Debt/Equity | 2.60 | 3.54 | 3.75 |
Company Promoters
- Manba Investments and Securities Private Limited
- Avalon Advisory and Consultant Services Private Limited
- Manba Fincorp Private Limited
- Manba Infotech LLP
- Manish Kiritkumar Shah (HUF).
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 74.98% |
Manba Finance Offer GMP Update
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 28-09-2024 | 120.00 | ₹40 | 3800/53200 | ₹160 (33.33%) | 28-Sep-2024 10:28 |
| 27-09-2024 | 120.00 | ₹40 | 3800/53200 | ₹160 (33.33%) | 27-Sep-2024 23:31 |
| 26-09-2024 Allotment | 120.00 | ₹56 | 5300/74200 | ₹176 (46.67%) | 26-Sep-2024 23:28 |
| 25-09-2024 Close | 120.00 | ₹58 | 5500/77000 | ₹178 (48.33%) | 25-Sep-2024 23:25 |
| 24-09-2024 | 120.00 | ₹58 | 5500/77000 | ₹178 (48.33%) | 24-Sep-2024 23:31 |
| 23-09-2024 Open | 120.00 | ₹64 | 6100/85400 | ₹184 (53.33%) | 23-Sep-2024 23:31 |
| 22-09-2024 | 120.00 | ₹60 | 5700/79800 | ₹180 (50%) | 22-Sep-2024 23:30 |
| 21-09-2024 | 120.00 | ₹60 | 5700/79800 | ₹180 (50%) | 21-Sep-2024 23:25 |
| 20-09-2024 | 120.00 | ₹60 | 5700/79800 | ₹180 (50%) | 20-Sep-2024 23:29 |
| 19-09-2024 | 120.00 | ₹0 | — | ₹120 (0%) | 19-Sep-2024 23:25 |
| 18-09-2024 | 120.00 | ₹0 | — | ₹120 (0%) | 18-Sep-2024 23:30 |
| 17-09-2024 | 120.00 | ₹0 | — | ₹120 (0%) | 17-Sep-2024 23:30 |
Manba Finance IPO Subscription Update
| Category | Subscription (times) |
|---|---|
| QIB | 148.55 |
| NII | 511.62 |
| bNII (bids above ₹10L) | 546.56 |
| sNII (bids below ₹10L) | 441.73 |
| Retail | 143.95 |
| Total | 224.05 |
Manba Finance IPO Allotment Status
Manba Finance IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Manba Finance IPO Listing Details
| Listing Date | 30 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Manba Finance IPO Lead Manager(s)
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 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 Contact Details
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
Manba Finance IPO FAQs
How many shares in Manba Finance IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Manba Finance Public Offer?
The best way to apply for Manba Finance public offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Manba Finance IPO GMP today?
Manba Finance IPO GMP today is ₹ 50 per share.
What is Manba Finance’s kostak rate today?
Manba Finance kostak rate today is ₹ NA per application.
What is Manba Finance Subject to Sauda rate today?
Manba Finance Subject to Sauda rate today is ₹ 5,100 per application.
Final thoughts
Manba Finance IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
