Manba Finance IPO Details
| IPO Issue Open Date: | 23 September 2024 |
| IPO Issue Close Date: | 25 September 2024 |
| IPO Issue Price Band: | ₹114 to ₹120 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹150.84 Crores | 12,570,000 shares |
| Fresh Issue: | ₹150.84 Crores | 12,570,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Manba Finance IPO Prospectus:
Checkout the Manba Finance IPO Prospectus of DRHP and RHP file.
Checkout the Manba Finance IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Manba Finance IPO Dates Timeline
| Issue Open Date: | 23 September 2023 |
| Issue Close Date: | 25 September 2023 |
| Basis of Allotment Date: | 26 September 2023 |
| Refunds Initiation: | 26 September 2023 |
| Shares Credit in Demat: | 27 September 2023 |
| IPO Listing Date Detail: | 30 September 2023 |
Manba Finance IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 125 shares = ₹15,000 |
| Retail (Max) | 13 lots and 1625 shares = ₹195,000 |
| S-HNI (Min) | 14 lots and 1,750 shares = ₹210,000 |
| B-HNI Minimum | 67 lots and 8,375 shares = ₹1,005,000 |
Manba Finance IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹- | ₹- | ₹- | -5% |
| 18 September | ₹- | ₹- | ₹- | -% |
| 17 September | ₹- | ₹- | ₹- | -% |
Check Live GMP
About Manba Finance
Manba Finance Limited is a Non-Banking Financial Company-Base Layer (NBFC-BL) providing financial solutions for New two wheeler (2Ws,) three wheeler (3Ws), electric two wheeler (EV2Ws), electric three wheeler (EV3Ws), Used Cars, Small Business Loans and Personal Loans with an AUM size of more than ₹ 90,000 lakhs as on March 31, 2024. They provide financial solutions to their target customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement. They are based out of Mumbai, Maharashtra, and operate out of 66 Locations connected to 29 branches across six (6) states in western, central, and north India. They have established relationships with more than 1,100 Dealers, including more than 190 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. They have recently expanded their loan portfolio to Used Car Loans, Small Business Loans, and Personal Loans and they intend to leverage their existing network to further penetrate the market with their new products.
Manba Finance IPO Strengths
- Established relationships with more than 1100 Dealers
- Ability to expand to new under penetrated geographies (currently present in 66 locations spread across six states in western, central, and north India).
- Access to diversified and cost-effective long-term borrowing
- Technology drive and scalable operating model with quick Turn Around Time (TAT) for loan processing (5.30days as of March 31, 2024)
- Wide collections infrastructure and processes leading to maintenance of our Company’s asset quality
- Experienced Promoters and professional management team
Objects of the IPO Issue
- The Company proposes to utilize the Net Proceeds towards augmenting their capital base to meet the Company’s future capital requirements.
Manba Finance Company Financial Report
The company reported revenue of ₹191.63 crores in 2024 against ₹133.32 crores in 2023. The company reported a profit of ₹31.42 crores in 2024 against a loss of ₹16.58 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹106.62 | ₹93.96 | ₹9.74 | ₹561.46 |
| 2023 | ₹133.32 | ₹110.53 | ₹16.58 | ₹787.27 |
| 2024 | ₹191.63 | ₹152.74 | ₹31.42 | ₹973.75 |
Manba Finance IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 15.66% |
| ROCE: | 19.39% |
| EBITDA Margin: | 65.38% |
| PAT Margin: | NA |
| Debt to equity ratio: | 3.75 |
| Earning Per Share (EPS): | ₹8.34 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.66% |
| Net Asset Value (NAV): | ₹53.26 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Baid Finserv Limited | 1.08 | 13.65 | 7.75 | 13.89 | 66.36 Cr. |
| Arman Financial Services Limited | 195 | 8.57 | 21.36 | 775.70 | 661.53 Cr. |
| MAS Financial Services Limited | 15.31 | 18.13 | 14.25 | 108.71 | 1285.68 Cr. |
Manba Finance IPO Registrar
Link Intime India Private Ltd
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 IPO Lead Manager
- Hem Securities Limited
Manba Finance IPO allotment status noq on Link Intime website. Click on Link Intime IPO weblink to get allotment status.
Promoters of Manba Finance
- Manba Investments and Securities Private Limited
- Avalon Advisory and Consultant Services Private Limited
- Manba Fincorp Private Limited
- Manba Infotech LLP
- Manish Kiritkumar Shah (HUF)
Company Address
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/